Willis Lease Finance (NASDAQ:WLFC) Shares to Split on Monday, July 20th

Shares of Willis Lease Finance Corporation (NASDAQ:WLFC) are set to split on the morning of Monday, July 20th. The 3-1 split was announced on Tuesday, June 23rd. The newly issued shares will be issued to shareholders after the closing bell on Monday, July 6th.

Willis Lease Finance Price Performance

WLFC opened at $226.51 on Friday. Willis Lease Finance has a one year low of $114.01 and a one year high of $239.44. The company has a debt-to-equity ratio of 3.25, a quick ratio of 2.00 and a current ratio of 2.43. The stock has a market capitalization of $1.59 billion, a P/E ratio of 13.76 and a beta of 0.72. The business’s 50-day simple moving average is $197.93 and its 200-day simple moving average is $183.83.

Willis Lease Finance (NASDAQ:WLFC) last posted its earnings results on Tuesday, May 5th. The transportation company reported $4.03 earnings per share for the quarter, beating the consensus estimate of $3.02 by $1.01. The business had revenue of $194.35 million during the quarter, compared to the consensus estimate of $175.00 million. Willis Lease Finance had a return on equity of 19.22% and a net margin of 15.72%.

Willis Lease Finance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 11th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.60 annualized dividend and a yield of 0.7%. Willis Lease Finance’s payout ratio is 9.72%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Weiss Ratings raised Willis Lease Finance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Freedom Capital cut shares of Willis Lease Finance from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Willis Lease Finance currently has an average rating of “Moderate Buy”.

Hedge Funds Weigh In On Willis Lease Finance

A number of large investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in shares of Willis Lease Finance by 1.8% in the 1st quarter. Royal Bank of Canada now owns 14,452 shares of the transportation company’s stock worth $2,283,000 after acquiring an additional 255 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Willis Lease Finance by 4.8% during the 1st 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 in the last quarter. Jane Street Group LLC purchased a new position in shares of Willis Lease Finance during the 1st quarter worth approximately $563,000. Creative Planning acquired a new stake in shares of Willis Lease Finance in the 2nd quarter valued at approximately $223,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Willis Lease Finance by 951.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 27,346 shares of the transportation company’s stock valued at $3,904,000 after buying an additional 24,745 shares during the period. Hedge funds and other institutional investors own 93.70% of the company’s stock.

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.