Willis Lease Finance Co. (NASDAQ:WLFC) CEO Austin Chandler Willis Sells 3,450 Shares of Stock

Willis Lease Finance Co. (NASDAQ:WLFC) CEO Austin Chandler Willis sold 3,450 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $204.14, for a total transaction of $704,283.00. Following the completion of the sale, the chief executive officer now directly owns 158,034 shares in the company, valued at approximately $32,261,060.76. The trade was a 2.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Willis Lease Finance Price Performance

Shares of NASDAQ WLFC opened at $197.22 on Thursday. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.16 and a quick ratio of 0.76. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 13.98 and a beta of 1.10. The firm’s 50 day simple moving average is $199.45 and its 200-day simple moving average is $178.94. Willis Lease Finance Co. has a 12 month low of $46.70 and a 12 month high of $235.43.

Willis Lease Finance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Wednesday, February 12th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, February 12th. This represents a $1.00 annualized dividend and a yield of 0.51%. Willis Lease Finance’s dividend payout ratio is presently 7.09%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. grew its position in shares of Willis Lease Finance by 27.4% during the 4th quarter. Summit Investment Advisors Inc. now owns 298 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 64 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Willis Lease Finance in the fourth quarter valued at approximately $104,000. Lazard Asset Management LLC grew its holdings in Willis Lease Finance by 16.9% in the fourth quarter. Lazard Asset Management LLC now owns 643 shares of the transportation company’s stock valued at $133,000 after purchasing an additional 93 shares during the period. Russell Investments Group Ltd. increased its position in shares of Willis Lease Finance by 780.8% in the fourth quarter. Russell Investments Group Ltd. now owns 687 shares of the transportation company’s stock valued at $143,000 after buying an additional 609 shares in the last quarter. Finally, Truist Financial Corp acquired a new position in shares of Willis Lease Finance during the 4th quarter worth approximately $208,000. Hedge funds and other institutional investors own 93.70% of the company’s stock.

Analyst Ratings Changes

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

Willis Lease Finance Company Profile

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.