Insider Selling: Willis Lease Finance Co. (NASDAQ:WLFC) Chairman Sells $1,529,437.50 in Stock

Willis Lease Finance Co. (NASDAQ:WLFC) Chairman Charles F. Iv Willis sold 11,250 shares of the business’s stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $135.95, for a total transaction of $1,529,437.50. Following the transaction, the chairman now directly owns 987,046 shares in the company, valued at $134,188,903.70. This trade represents a 1.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Willis Lease Finance Stock Up 1.5%

WLFC opened at $145.50 on Friday. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 10.31 and a beta of 1.05. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.76 and a current ratio of 1.16. Willis Lease Finance Co. has a twelve month low of $58.63 and a twelve month high of $235.43. The firm’s 50-day simple moving average is $140.46 and its 200-day simple moving average is $176.97.

Willis Lease Finance (NASDAQ:WLFC) last issued its earnings results on Tuesday, May 6th. The transportation company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.41 by ($2.20). The business had revenue of $157.73 million during the quarter, compared to the consensus estimate of $149.00 million. Willis Lease Finance had a net margin of 18.56% and a return on equity of 20.62%.

Willis Lease Finance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Monday, May 12th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Monday, May 12th. Willis Lease Finance’s dividend payout ratio (DPR) is presently 6.85%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Willis Lease Finance from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC boosted its stake in shares of Willis Lease Finance by 16.9% in the 4th 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 last quarter. Janus Henderson Group PLC bought a new position in shares of Willis Lease Finance in the 4th quarter valued at about $312,000. Deutsche Bank AG boosted its stake in shares of Willis Lease Finance by 68.5% in the 4th quarter. Deutsche Bank AG now owns 2,324 shares of the transportation company’s stock valued at $482,000 after purchasing an additional 945 shares during the last quarter. Truist Financial Corp bought a new position in shares of Willis Lease Finance in the 4th quarter valued at about $208,000. Finally, Empowered Funds LLC raised its position in shares of Willis Lease Finance by 4.9% in the 4th quarter. Empowered Funds LLC now owns 34,628 shares of the transportation company’s stock valued at $7,187,000 after acquiring an additional 1,620 shares during the period. Institutional investors own 93.70% of the company’s stock.

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.