Willis Lease Finance (NASDAQ:WLFC) Chairman Charles Iv Willis Sells 2,000 Shares

Willis Lease Finance Corporation (NASDAQ:WLFC) Chairman Charles Iv Willis sold 2,000 shares of Willis Lease Finance stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $176.74, for a total transaction of $353,480.00. Following the completion of the transaction, the chairman owned 947,231 shares of the company’s stock, valued at $167,413,606.94. This represents a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Willis Lease Finance Trading Down 1.6%

NASDAQ:WLFC opened at $168.53 on Friday. The company has a market cap of $1.14 billion, a P/E ratio of 10.94 and a beta of 0.75. The stock’s fifty day moving average price is $186.48 and its two-hundred day moving average price is $153.10. Willis Lease Finance Corporation has a 1 year low of $114.01 and a 1 year high of $207.05. The company has a debt-to-equity ratio of 4.08, a current ratio of 3.86 and a quick ratio of 3.52.

Willis Lease Finance (NASDAQ:WLFC) last announced its quarterly earnings results on Tuesday, March 10th. The transportation company reported $1.52 earnings per share for the quarter, missing the consensus estimate of $3.38 by ($1.86). Willis Lease Finance had a net margin of 15.38% and a return on equity of 18.00%. 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 announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Wednesday, February 11th were paid 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 currently 10.38%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC bought a new position in shares of Willis Lease Finance in the fourth quarter worth $46,000. Osaic Holdings Inc. boosted its stake in Willis Lease Finance by 742.5% during the second quarter. Osaic Holdings Inc. now owns 337 shares of the transportation company’s stock valued at $48,000 after buying 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 valued at $52,000 after buying an additional 67 shares during the period. EverSource Wealth Advisors LLC purchased a new position in Willis Lease Finance during the second quarter worth about $54,000. Finally, Larson Financial Group LLC grew its position in Willis Lease Finance by 197.9% during the third quarter. Larson Financial Group LLC now owns 694 shares of the transportation company’s stock worth $95,000 after buying an additional 461 shares in the last quarter. 93.70% of the stock is currently 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.