StockNews.com Downgrades Willis Lease Finance (NASDAQ:WLFC) to Hold

Willis Lease Finance (NASDAQ:WLFCGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

WLFC opened at $31.00 on Wednesday. The business has a fifty day simple moving average of $32.24 and a 200 day simple moving average of $34.91. The company has a market capitalization of $190.50 million, a PE ratio of -9.23 and a beta of 1.18. Willis Lease Finance has a 1 year low of $30.22 and a 1 year high of $46.80. The company has a debt-to-equity ratio of 4.74, a current ratio of 2.85 and a quick ratio of 2.07.

Willis Lease Finance (NASDAQ:WLFCGet Rating) last released its earnings results on Monday, March 14th. The transportation company reported $0.14 earnings per share for the quarter. The firm had revenue of $75.81 million during the quarter. Willis Lease Finance had a negative return on equity of 4.44% and a negative net margin of 5.86%.

In other news, CFO Scott B. Flaherty sold 3,010 shares of the stock in a transaction dated Monday, March 21st. The stock was sold at an average price of $33.08, for a total value of $99,570.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Brian Richard Hole sold 2,590 shares of the stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $31.67, for a total value of $82,025.30. Following the completion of the sale, the president now directly owns 90,285 shares of the company’s stock, valued at approximately $2,859,325.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,763 shares of company stock valued at $581,324. Corporate insiders own 52.70% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Water Island Capital LLC acquired a new stake in shares of Willis Lease Finance in the third quarter valued at about $138,033,000. M3F Inc. boosted its position in shares of Willis Lease Finance by 5.9% during the 3rd quarter. M3F Inc. now owns 421,132 shares of the transportation company’s stock valued at $15,662,000 after purchasing an additional 23,560 shares in the last quarter. RBF Capital LLC boosted its position in shares of Willis Lease Finance by 79.2% during the 1st quarter. RBF Capital LLC now owns 107,096 shares of the transportation company’s stock valued at $3,454,000 after purchasing an additional 47,320 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Willis Lease Finance by 29.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,629 shares of the transportation company’s stock valued at $278,000 after purchasing an additional 1,955 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of Willis Lease Finance during the 1st quarter valued at about $224,000. 94.07% of the stock is owned by institutional investors.

About Willis Lease Finance (Get Rating)

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.

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