Denali Advisors LLC Invests $521,000 in Willis Lease Finance Corporation $WLFC

Denali Advisors LLC bought a new stake in shares of Willis Lease Finance Corporation (NASDAQ:WLFC) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,800 shares of the transportation company’s stock, valued at approximately $521,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. increased its holdings in Willis Lease Finance by 22.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 365 shares of the transportation company’s stock valued at $52,000 after purchasing an additional 67 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Willis Lease Finance by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,700 shares of the transportation company’s stock worth $269,000 after buying an additional 78 shares during the period. Legal & General Group Plc grew its stake in shares of Willis Lease Finance by 3.0% in the second quarter. Legal & General Group Plc now owns 2,696 shares of the transportation company’s stock valued at $385,000 after buying an additional 79 shares in the last quarter. Palisades Investment Partners LLC raised its holdings in shares of Willis Lease Finance by 0.5% during the 3rd quarter. Palisades Investment Partners LLC now owns 20,753 shares of the transportation company’s stock valued at $2,845,000 after buying an additional 94 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey boosted its holdings in Willis Lease Finance by 32.7% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 820 shares of the transportation company’s stock worth $117,000 after acquiring an additional 202 shares during the period. 93.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Willis Lease Finance in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Willis Lease Finance presently has an average rating of “Hold”.

Willis Lease Finance Trading Up 1.1%

NASDAQ:WLFC opened at $196.77 on Tuesday. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 11.78 and a beta of 0.78. Willis Lease Finance Corporation has a one year low of $114.01 and a one year high of $211.00. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.50 and a current ratio of 1.88. The business’s 50-day simple moving average is $162.78 and its 200 day simple moving average is $146.21.

Willis Lease Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Wednesday, February 11th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, February 11th. Willis Lease Finance’s dividend payout ratio is 9.58%.

Insider Buying and Selling at Willis Lease Finance

In other Willis Lease Finance news, CEO Austin Chandler Willis sold 3,400 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $185.74, for a total transaction of $631,516.00. Following the transaction, the chief executive officer directly owned 184,746 shares in the company, valued at $34,314,722.04. This represents a 1.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 12,900 shares of company stock worth $1,818,920 over the last three months. 57.02% of the stock is currently owned by company insiders.

Willis Lease Finance Profile

Willis Lease Finance Corporation (NASDAQ: WLFC) is an independent global provider of aircraft engine leasing, trading and aftermarket services. Founded in 1991 and headquartered in the United States, the company specializes in offering short- and long-term operating leases for jet engines and auxiliary power units. Through its broad engine portfolio, Willis Lease Finance supports a wide range of commercial aircraft across various operators, including major airlines, regional carriers and other leasing companies.

In addition to leasing solutions, Willis Lease Finance offers comprehensive engine trading and asset management services.