Willis Lease Finance Co. (NASDAQ:WLFC) CEO Austin Chandler Willis Sells 3,450 Shares

Willis Lease Finance Co. (NASDAQ:WLFC) CEO Austin Chandler Willis sold 3,450 shares of Willis Lease Finance stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $204.14, for a total transaction of $704,283.00. Following the completion of the sale, the chief executive officer now owns 158,034 shares in the company, valued at $32,261,060.76. The trade was a 2.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Willis Lease Finance Stock Performance

Shares of WLFC opened at $183.05 on Friday. The firm has a 50-day moving average of $198.53 and a 200-day moving average of $179.09. Willis Lease Finance Co. has a one year low of $46.70 and a one year high of $235.43. The company has a market cap of $1.21 billion, a PE ratio of 12.97 and a beta of 1.11. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.16 and a quick ratio of 0.76.

Willis Lease Finance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Wednesday, February 12th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Wednesday, February 12th. Willis Lease Finance’s dividend payout ratio (DPR) is presently 7.09%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of WLFC. Four Tree Island Advisory LLC bought a new position in shares of Willis Lease Finance in the 4th quarter valued at about $16,268,000. Pekin Hardy Strauss Inc. bought a new position in shares of Willis Lease Finance in the 3rd quarter valued at about $4,136,000. Vanguard Group Inc. boosted its holdings in shares of Willis Lease Finance by 15.5% during the 4th quarter. Vanguard Group Inc. now owns 142,100 shares of the transportation company’s stock worth $29,493,000 after buying an additional 19,078 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Willis Lease Finance by 3.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 511,472 shares of the transportation company’s stock worth $106,154,000 after buying an additional 17,500 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Willis Lease Finance by 173.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,990 shares of the transportation company’s stock worth $3,421,000 after buying an additional 14,590 shares during the period. Institutional investors own 93.70% of the company’s stock.

About Willis Lease Finance

Willis Lease Finance Corporation operates as a lessor and servicer of commercial aircraft and aircraft engines worldwide. The company operates through two segments, Leasing and Related Operations, and Spare Parts Sales. The Leasing and Related Operations segment engages in acquiring and leasing commercial aircraft, aircraft engines, and other aircraft equipment, as well as the purchase and resale of commercial aircraft engines and other aircraft equipment, and other related businesses.