Lakewood Asset Management LLC Takes $227,000 Position in Willis Lease Finance Co. (NASDAQ:WLFC)

Lakewood Asset Management LLC bought a new stake in Willis Lease Finance Co. (NASDAQ:WLFC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,093 shares of the transportation company’s stock, valued at approximately $227,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in WLFC. Pekin Hardy Strauss Inc. purchased a new position in shares of Willis Lease Finance in the 3rd quarter valued at approximately $4,136,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Willis Lease Finance by 173.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,990 shares of the transportation company’s stock valued at $3,421,000 after purchasing an additional 14,590 shares during the period. Empowered Funds LLC lifted its stake in shares of Willis Lease Finance by 39.4% in the 3rd quarter. Empowered Funds LLC now owns 33,008 shares of the transportation company’s stock valued at $4,912,000 after purchasing an additional 9,326 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Willis Lease Finance by 48.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,663 shares of the transportation company’s stock valued at $2,628,000 after purchasing an additional 5,731 shares during the period. Finally, Jane Street Group LLC bought a new position in Willis Lease Finance during the 3rd quarter valued at approximately $531,000. Hedge funds and other institutional investors own 93.70% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Willis Lease Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th.

Insiders Place Their Bets

In other Willis Lease Finance news, CFO Scott B. Flaherty sold 5,000 shares of Willis Lease Finance stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $200.19, for a total value of $1,000,950.00. Following the completion of the sale, the chief financial officer now owns 74,955 shares of the company’s stock, valued at approximately $15,005,241.45. This trade represents a 6.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rae Ann Mckeating sold 500 shares of Willis Lease Finance stock in a transaction on Monday, November 18th. The stock was sold at an average price of $194.32, for a total value of $97,160.00. Following the completion of the sale, the director now directly owns 16,500 shares of the company’s stock, valued at approximately $3,206,280. The trade was a 2.94 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,500 shares of company stock valued at $5,164,310. Corporate insiders own 57.02% of the company’s stock.

Willis Lease Finance Stock Down 6.5 %

WLFC stock opened at $202.99 on Thursday. Willis Lease Finance Co. has a twelve month low of $45.32 and a twelve month high of $235.43. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 3.84. The firm has a market cap of $1.34 billion, a PE ratio of 14.39 and a beta of 1.11. The business has a 50 day moving average of $207.80 and a 200 day moving average of $151.60.

Willis Lease Finance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 12th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Tuesday, November 12th. Willis Lease Finance’s payout ratio is 7.09%.

About Willis Lease Finance

Willis Lease Finance Corporation operates as a lessor and servicer of commercial aircraft and aircraft engines worldwide. The company operates through two segments, Leasing and Related Operations, and Spare Parts Sales. The Leasing and Related Operations segment engages in acquiring and leasing commercial aircraft, aircraft engines, and other aircraft equipment, as well as the purchase and resale of commercial aircraft engines and other aircraft equipment, and other related businesses.