Willis Lease Finance Co. (NASDAQ:WLFC) EVP Sells $263,015.10 in Stock

Willis Lease Finance Co. (NASDAQ:WLFC) EVP Scott B. Flaherty sold 1,539 shares of Willis Lease Finance stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $170.90, for a total value of $263,015.10. Following the completion of the transaction, the executive vice president now directly owns 69,296 shares in the company, valued at approximately $11,842,686.40. This represents a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Willis Lease Finance Stock Down 1.6 %

WLFC opened at $167.66 on Friday. The business has a 50 day moving average of $188.25 and a 200-day moving average of $186.21. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 11.88 and a beta of 1.11. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 3.84. Willis Lease Finance Co. has a 1-year low of $48.10 and a 1-year high of $235.43.

Willis Lease Finance (NASDAQ:WLFC) last posted its quarterly earnings results on Monday, March 10th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.92. Willis Lease Finance had a net margin of 18.56% and a return on equity of 20.62%. The company had revenue of $152.80 million for the quarter, compared to analyst estimates of $145.54 million.

Willis Lease Finance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Wednesday, February 12th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, February 12th. This represents a $1.00 annualized dividend and a yield of 0.60%. Willis Lease Finance’s dividend payout ratio is 6.50%.

Institutional Trading of Willis Lease Finance

A number of hedge funds have recently modified their holdings of the company. Summit Investment Advisors Inc. increased its position in shares of Willis Lease Finance by 27.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 298 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 64 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Willis Lease Finance during the fourth quarter worth $104,000. Lazard Asset Management LLC increased its holdings in Willis Lease Finance by 16.9% in the 4th quarter. Lazard Asset Management LLC now owns 643 shares of the transportation company’s stock valued at $133,000 after buying an additional 93 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Willis Lease Finance by 780.8% in the 4th quarter. Russell Investments Group Ltd. now owns 687 shares of the transportation company’s stock valued at $143,000 after buying an additional 609 shares in the last quarter. Finally, Truist Financial Corp bought a new position in shares of Willis Lease Finance during the 4th quarter worth about $208,000. 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.