Hillsdale Investment Management Inc. Acquires New Holdings in Willis Lease Finance Co. (NASDAQ:WLFC)

Hillsdale Investment Management Inc. bought a new position in Willis Lease Finance Co. (NASDAQ:WLFC) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,300 shares of the transportation company’s stock, valued at approximately $114,000.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Willis Lease Finance by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 104,869 shares of the transportation company’s stock worth $5,204,000 after acquiring an additional 865 shares in the last quarter. Empowered Funds LLC grew its holdings in Willis Lease Finance by 7.7% in the first quarter. Empowered Funds LLC now owns 22,062 shares of the transportation company’s stock worth $1,095,000 after purchasing an additional 1,575 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Willis Lease Finance by 14.0% during the first quarter. BNP Paribas Financial Markets now owns 4,887 shares of the transportation company’s stock worth $242,000 after purchasing an additional 599 shares in the last quarter. 93.70% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Willis Lease Finance news, President Brian Richard Hole sold 6,147 shares of the firm’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $67.09, for a total value of $412,402.23. Following the completion of the transaction, the president now owns 107,875 shares of the company’s stock, valued at $7,237,333.75. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, President Brian Richard Hole sold 6,147 shares of the stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $67.09, for a total value of $412,402.23. Following the transaction, the president now directly owns 107,875 shares of the company’s stock, valued at $7,237,333.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Scott B. Flaherty sold 5,098 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $56.47, for a total value of $287,884.06. Following the completion of the transaction, the chief financial officer now owns 98,519 shares of the company’s stock, valued at $5,563,367.93. The disclosure for this sale can be found here. In the last quarter, insiders have sold 51,170 shares of company stock valued at $3,292,193. Insiders own 57.02% of the company’s stock.

Willis Lease Finance Stock Up 2.4 %

Shares of WLFC traded up $1.80 during midday trading on Monday, hitting $76.17. 9,840 shares of the company’s stock traded hands, compared to its average volume of 12,235. Willis Lease Finance Co. has a 1 year low of $39.50 and a 1 year high of $78.00. The firm’s fifty day moving average is $66.36 and its 200-day moving average is $55.48. The company has a current ratio of 1.41, a quick ratio of 0.91 and a debt-to-equity ratio of 3.76. The stock has a market capitalization of $500.44 million, a price-to-earnings ratio of 8.78 and a beta of 1.05.

Willis Lease Finance (NASDAQ:WLFC) last issued its quarterly earnings results on Thursday, May 2nd. The transportation company reported $3.00 earnings per share for the quarter. Willis Lease Finance had a return on equity of 13.77% and a net margin of 13.45%. The business had revenue of $119.08 million during the quarter.

Willis Lease Finance Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, June 7th. Investors of record on Thursday, May 30th were paid a $1.00 dividend. The ex-dividend date was Thursday, May 30th.

Willis Lease Finance Profile

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.