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

Willis Lease Finance Corporation (NASDAQ:WLFC) shares are scheduled 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

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

Willis Lease Finance (NASDAQ:WLFC) last posted its quarterly earnings results on Tuesday, May 5th. The transportation company reported $4.03 EPS for the quarter, topping analysts’ consensus estimates 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 Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Weiss Ratings upgraded Willis Lease Finance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Freedom Capital cut Willis Lease Finance from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Willis Lease Finance has a consensus rating of “Moderate Buy”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC acquired a new position in shares of Willis Lease Finance during the fourth quarter valued at $46,000. Osaic Holdings Inc. lifted its holdings in Willis Lease Finance by 742.5% in the second quarter. Osaic Holdings Inc. now owns 337 shares of the transportation company’s stock worth $48,000 after purchasing an additional 297 shares during the period. EverSource Wealth Advisors LLC acquired a new stake in Willis Lease Finance in the second quarter worth about $54,000. Larson Financial Group LLC lifted its holdings in Willis Lease Finance by 197.9% in the third quarter. Larson Financial Group LLC now owns 694 shares of the transportation company’s stock worth $95,000 after purchasing an additional 461 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Willis Lease Finance in the 2nd quarter valued at about $109,000. Institutional investors own 93.70% of the company’s stock.

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.