Willis Lease Finance Co. (NASDAQ:WLFC) Director Robert J. Keady sold 200 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $52.84, for a total value of $10,568.00. Following the completion of the transaction, the director now owns 23,529 shares in the company, valued at $1,243,272.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of WLFC stock traded up $1.02 on Wednesday, reaching $53.46. The stock had a trading volume of 11,200 shares, compared to its average volume of 9,642. The company has a market cap of $293.17 million, a P/E ratio of 5.55 and a beta of 0.59. Willis Lease Finance Co. has a 1 year low of $30.81 and a 1 year high of $58.00. The company has a debt-to-equity ratio of 4.22, a current ratio of 2.56 and a quick ratio of 1.77.
Willis Lease Finance (NASDAQ:WLFC) last released its quarterly earnings results on Monday, May 6th. The transportation company reported $3.35 earnings per share (EPS) for the quarter. The firm had revenue of $103.77 million for the quarter. Willis Lease Finance had a return on equity of 20.18% and a net margin of 15.24%.
Separately, BidaskClub upgraded Willis Lease Finance from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 30th.
Hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its holdings in Willis Lease Finance by 298.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 629 shares of the transportation company’s stock worth $27,000 after purchasing an additional 471 shares during the period. Citigroup Inc. grew its position in shares of Willis Lease Finance by 56.5% during the first quarter. Citigroup Inc. now owns 753 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 272 shares in the last quarter. Advisor Group Inc. purchased a new position in shares of Willis Lease Finance during the fourth quarter valued at about $75,000. Mork Capital Management LLC purchased a new position in shares of Willis Lease Finance during the first quarter valued at about $216,000. Finally, First Trust Advisors LP purchased a new position in shares of Willis Lease Finance during the first quarter valued at about $224,000. Hedge funds and other institutional investors own 38.01% of the company’s stock.
About Willis Lease Finance
Willis Lease Finance Corporation, together with its subsidiaries, leases and services commercial aircraft and aircraft engines worldwide. The company operates through two segments, Leasing and Related Operations, and Spare Parts Sales. It also purchases and resells commercial aircraft engines; and sells aircraft engine parts and materials.
Featured Story: Equal Weight Rating
Receive News & Ratings for Willis Lease Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Willis Lease Finance and related companies with MarketBeat.com's FREE daily email newsletter.