Charles F. Iv Willis Sells 8,750 Shares of Willis Lease Finance Co. (NASDAQ:WLFC) Stock

Willis Lease Finance Co. (NASDAQ:WLFC) Chairman Charles F. Iv Willis sold 8,750 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $138.07, for a total value of $1,208,112.50. Following the transaction, the chairman now directly owns 998,296 shares in the company, valued at approximately $137,834,728.72. This represents a 0.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Willis Lease Finance Stock Performance

Shares of Willis Lease Finance stock opened at $145.50 on Friday. The stock has a market cap of $1.12 billion, a PE ratio of 10.31 and a beta of 1.05. Willis Lease Finance Co. has a 12 month low of $58.63 and a 12 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 business has a fifty day simple moving average of $140.46 and a 200-day simple moving average of $177.08.

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

Willis Lease Finance Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Summit Investment Advisors Inc. raised 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 last quarter. KLP Kapitalforvaltning AS bought a new position in Willis Lease Finance during the 4th quarter worth about $104,000. Lazard Asset Management LLC increased its holdings in Willis Lease Finance by 16.9% during the 4th quarter. Lazard Asset Management LLC now owns 643 shares of the transportation company’s stock worth $133,000 after purchasing an additional 93 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Willis Lease Finance by 780.8% during the 4th quarter. Russell Investments Group Ltd. now owns 687 shares of the transportation company’s stock worth $143,000 after buying an additional 609 shares during the last quarter. Finally, Rangeley Capital LLC acquired a new position in shares of Willis Lease Finance during the 4th quarter worth about $208,000. Institutional investors and hedge funds own 93.70% of the company’s stock.

Analyst Ratings Changes

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

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.