Willis Lease Finance (NASDAQ:WLFC) Chairman Charles Iv Willis Sells 9,727 Shares

Willis Lease Finance Corporation (NASDAQ:WLFC) Chairman Charles Iv Willis sold 9,727 shares of Willis Lease Finance stock in a transaction on Friday, March 27th. The shares were sold at an average price of $170.09, for a total transaction of $1,654,465.43. Following the completion of the sale, the chairman owned 933,234 shares in the company, valued at approximately $158,733,771.06. This trade represents a 1.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Willis Lease Finance Stock Down 1.6%

Shares of Willis Lease Finance stock opened at $168.53 on Friday. The company has a current ratio of 3.86, a quick ratio of 3.52 and a debt-to-equity ratio of 4.08. Willis Lease Finance Corporation has a 12-month low of $114.01 and a 12-month high of $207.05. The company has a market cap of $1.14 billion, a P/E ratio of 10.94 and a beta of 0.75. The company’s fifty day simple moving average is $186.48 and its two-hundred day simple moving average is $153.10.

Willis Lease Finance (NASDAQ:WLFC) last posted its earnings results on Tuesday, March 10th. The transportation company reported $1.52 EPS for the quarter, missing the consensus estimate of $3.38 by ($1.86). Willis Lease Finance had a return on equity of 18.00% and a net margin of 15.38%.The company had revenue of $193.62 million during the quarter, compared to analysts’ expectations of $149.00 million.

Willis Lease Finance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Wednesday, February 11th were issued a $0.40 dividend. The ex-dividend date was Wednesday, February 11th. This represents a $1.60 annualized dividend and a yield of 0.9%. Willis Lease Finance’s dividend payout ratio (DPR) is 10.38%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Willis Lease Finance in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Willis Lease Finance currently has a consensus rating of “Hold”.

Institutional Trading of Willis Lease Finance

Hedge funds and other institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC bought a new position in shares of Willis Lease Finance in the 4th quarter worth about $46,000. Osaic Holdings Inc. lifted its position in Willis Lease Finance by 742.5% during the 2nd quarter. Osaic Holdings Inc. now owns 337 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 297 shares during the period. Ameritas Investment Partners Inc. boosted its stake in Willis Lease Finance by 22.5% during the second quarter. Ameritas Investment Partners Inc. now owns 365 shares of the transportation company’s stock worth $52,000 after acquiring an additional 67 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in Willis Lease Finance during the second quarter worth about $54,000. Finally, Larson Financial Group LLC grew its holdings in Willis Lease Finance by 197.9% in the third quarter. Larson Financial Group LLC now owns 694 shares of the transportation company’s stock worth $95,000 after purchasing an additional 461 shares during the period. 93.70% of the stock is owned by hedge funds and other institutional investors.

Willis Lease Finance Company Profile

Willis Lease Finance Corporation (NASDAQ: WLFC) is an independent global provider of aircraft engine leasing, trading and aftermarket services. Founded in 1991 and headquartered in the United States, the company specializes in offering short- and long-term operating leases for jet engines and auxiliary power units. Through its broad engine portfolio, Willis Lease Finance supports a wide range of commercial aircraft across various operators, including major airlines, regional carriers and other leasing companies.

In addition to leasing solutions, Willis Lease Finance offers comprehensive engine trading and asset management services.