Charles Iv Willis Sells 2,000 Shares of Willis Lease Finance (NASDAQ:WLFC) Stock

Willis Lease Finance Corporation (NASDAQ:WLFC) Chairman Charles Iv Willis sold 2,000 shares of Willis Lease Finance stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $176.74, for a total value of $353,480.00. Following the sale, the chairman owned 947,231 shares of the company’s stock, valued at approximately $167,413,606.94. This trade represents a 0.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Willis Lease Finance Stock Down 1.6%

WLFC stock opened at $168.53 on Friday. The company has a current ratio of 3.86, a quick ratio of 3.52 and a debt-to-equity ratio of 4.08. The company’s 50 day moving average is $186.48 and its 200 day moving average is $153.10. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 10.94 and a beta of 0.75. Willis Lease Finance Corporation has a 1-year low of $114.01 and a 1-year high of $207.05.

Willis Lease Finance (NASDAQ:WLFC) last announced its earnings results on Tuesday, March 10th. The transportation company reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.38 by ($1.86). Willis Lease Finance had a net margin of 15.38% and a return on equity of 18.00%. The company had revenue of $193.62 million for the quarter, compared to the consensus estimate of $149.00 million.

Willis Lease Finance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Wednesday, February 11th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, February 11th. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. Willis Lease Finance’s dividend payout ratio (DPR) is 10.38%.

Institutional Trading of Willis Lease Finance

A number of hedge funds have recently bought and sold shares of the company. Smartleaf Asset Management LLC purchased a new stake in Willis Lease Finance in the fourth quarter worth approximately $46,000. Osaic Holdings Inc. grew its position in Willis Lease Finance by 742.5% during the second quarter. Osaic Holdings Inc. now owns 337 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 297 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Willis Lease Finance by 22.5% during the second quarter. Ameritas Investment Partners Inc. now owns 365 shares of the transportation company’s stock worth $52,000 after acquiring an additional 67 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Willis Lease Finance in the 2nd quarter worth approximately $54,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Willis Lease Finance by 197.9% in the 3rd quarter. Larson Financial Group LLC now owns 694 shares of the transportation company’s stock worth $95,000 after acquiring an additional 461 shares during the last quarter. Institutional investors own 93.70% of the company’s stock.

Analyst Ratings Changes

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

About Willis Lease Finance

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.