Denali Advisors LLC Buys Shares of 3,800 Willis Lease Finance Corporation $WLFC

Denali Advisors LLC bought a new position in shares of Willis Lease Finance Corporation (NASDAQ:WLFC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,800 shares of the transportation company’s stock, valued at approximately $521,000. Denali Advisors LLC owned about 0.06% of Willis Lease Finance at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Ameritas Investment Partners Inc. lifted its stake in Willis Lease Finance by 22.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 365 shares of the transportation company’s stock valued at $52,000 after buying an additional 67 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Willis Lease Finance by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,700 shares of the transportation company’s stock worth $269,000 after acquiring an additional 78 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Willis Lease Finance by 3.0% in the second quarter. Legal & General Group Plc now owns 2,696 shares of the transportation company’s stock valued at $385,000 after acquiring an additional 79 shares in the last quarter. Palisades Investment Partners LLC boosted its stake in shares of Willis Lease Finance by 0.5% during the third quarter. Palisades Investment Partners LLC now owns 20,753 shares of the transportation company’s stock valued at $2,845,000 after acquiring an additional 94 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey increased its position in Willis Lease Finance by 32.7% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 820 shares of the transportation company’s stock worth $117,000 after purchasing an additional 202 shares in the last quarter. 93.70% of the stock is currently owned by institutional investors and hedge funds.

Willis Lease Finance Trading Up 1.1%

Shares of WLFC stock opened at $196.77 on Tuesday. Willis Lease Finance Corporation has a 1-year low of $114.01 and a 1-year high of $211.00. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.88 and a quick ratio of 1.50. The firm’s 50-day simple moving average is $162.78 and its 200-day simple moving average is $146.21. The firm has a market cap of $1.34 billion, a P/E ratio of 11.78 and a beta of 0.78.

Willis Lease Finance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Wednesday, February 11th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, February 11th. Willis Lease Finance’s payout ratio is 9.58%.

Insider Buying and Selling

In other news, CEO Austin Chandler Willis sold 3,400 shares of Willis Lease Finance stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $185.74, for a total value of $631,516.00. Following the transaction, the chief executive officer directly owned 184,746 shares of the company’s stock, valued at $34,314,722.04. The trade was a 1.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders sold 12,900 shares of company stock worth $1,818,920 in the last ninety days. Corporate insiders own 57.02% of the company’s stock.

Wall Street Analyst Weigh In

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

Willis Lease Finance 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.