Willis Lease Finance (NASDAQ:WLFC) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Willis Lease Finance Corporation (NASDAQ:WLFC)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $182.23 and traded as high as $230.52. Willis Lease Finance shares last traded at $228.80, with a volume of 152,303 shares changing hands.

Analyst Ratings Changes

A number of brokerages have weighed in on WLFC. 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 Willis Lease Finance from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Willis Lease Finance Stock Performance

The company has a current ratio of 2.43, a quick ratio of 2.00 and a debt-to-equity ratio of 3.25. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 13.90 and a beta of 0.76. The stock’s 50 day moving average price is $195.99 and its two-hundred day moving average price is $182.23.

Willis Lease Finance shares are going to split on the morning of Monday, July 20th. The 3-1 split was announced on Tuesday, June 23rd. The newly minted shares will be payable to shareholders after the market closes on Monday, July 6th.

Willis Lease Finance (NASDAQ:WLFC) last announced its quarterly earnings data on Tuesday, May 5th. The transportation company reported $4.03 EPS for the quarter, beating the consensus estimate of $3.02 by $1.01. The firm had revenue of $194.35 million during the quarter, compared to analysts’ expectations of $175.00 million. Willis Lease Finance had a net margin of 15.72% and a return on equity of 19.22%.

Willis Lease Finance Dividend Announcement

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

Institutional Investors Weigh In On Willis Lease Finance

Several institutional investors have recently modified their holdings of WLFC. Royal Bank of Canada increased its stake in 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 valued at $2,283,000 after purchasing an additional 255 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Willis Lease Finance by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,700 shares of the transportation company’s stock worth $269,000 after purchasing an additional 78 shares in the last quarter. Jane Street Group LLC purchased a new stake in Willis Lease Finance during the first quarter worth $563,000. Creative Planning acquired a new stake in Willis Lease Finance in the second quarter valued at $223,000. Finally, JPMorgan Chase & Co. grew its holdings in Willis Lease Finance by 951.4% in the second quarter. JPMorgan Chase & Co. now owns 27,346 shares of the transportation company’s stock valued at $3,904,000 after purchasing an additional 24,745 shares during the last quarter. Hedge funds and other 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.