Willis Lease Finance (NASDAQ:WLFC) CEO Sells $590,070.00 in Stock

Willis Lease Finance Corporation (NASDAQ:WLFC) CEO Austin Chandler Willis sold 3,400 shares of Willis Lease Finance stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $173.55, for a total transaction of $590,070.00. Following the completion of the transaction, the chief executive officer owned 183,475 shares in the company, valued at approximately $31,842,086.25. This trade represents a 1.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Austin Chandler Willis also recently made the following trade(s):

• On Monday, February 2nd, Austin Chandler Willis sold 3,400 shares of Willis Lease Finance stock. The stock was sold at an average price of $185.74, for a total value of $631,516.00.

Willis Lease Finance Stock Performance

Shares of WLFC opened at $175.89 on Monday. Willis Lease Finance Corporation has a twelve month low of $114.01 and a twelve month high of $207.05. The firm has a market capitalization of $1.19 billion, a P/E ratio of 11.41 and a beta of 0.76. 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 stock’s fifty day simple moving average is $185.32 and its 200 day simple moving average is $153.98.

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

Willis Lease Finance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Wednesday, February 11th were issued a dividend of $0.40 per share. The ex-dividend date was Wednesday, February 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. Willis Lease Finance’s payout ratio is presently 10.38%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WLFC. Smartleaf Asset Management LLC acquired a new stake in Willis Lease Finance during the 4th quarter valued at approximately $46,000. Osaic Holdings Inc. raised its position in shares of Willis Lease Finance by 742.5% in the 2nd quarter. Osaic Holdings Inc. now owns 337 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 297 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in shares of 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. EverSource Wealth Advisors LLC purchased a new position in shares of Willis Lease Finance during the 2nd quarter valued at approximately $54,000. Finally, Larson Financial Group LLC grew its position in shares of Willis Lease Finance by 197.9% during the third quarter. Larson Financial Group LLC now owns 694 shares of the transportation company’s stock worth $95,000 after buying an additional 461 shares in the last quarter. Institutional investors and hedge funds own 93.70% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Willis Lease Finance in a report on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Willis Lease Finance Company 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.