Willis Lease Finance Co. (NASDAQ:WLFC) Short Interest Update

Willis Lease Finance Co. (NASDAQ:WLFC) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 34,600 shares, an increase of 18.5% from the June 30th total of 29,200 shares. Currently, 1.6% of the company’s stock are sold short. Based on an average daily trading volume, of 17,300 shares, the days-to-cover ratio is currently 2.0 days.

Insider Activity at Willis Lease Finance

In other Willis Lease Finance news, CFO Scott B. Flaherty sold 2,637 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $51.72, for a total value of $136,385.64. Following the completion of the transaction, the chief financial officer now owns 107,616 shares in the company, valued at approximately $5,565,899.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Scott B. Flaherty sold 5,098 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $56.47, for a total value of $287,884.06. Following the sale, the chief financial officer now owns 98,519 shares in the company, valued at approximately $5,563,367.93. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Scott B. Flaherty sold 2,637 shares of Willis Lease Finance stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $51.72, for a total value of $136,385.64. Following the completion of the transaction, the chief financial officer now owns 107,616 shares of the company’s stock, valued at $5,565,899.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,170 shares of company stock worth $3,292,193. 57.02% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Willis Lease Finance

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Innealta Capital LLC acquired a new position in Willis Lease Finance during the 2nd quarter valued at approximately $44,000. Nisa Investment Advisors LLC bought a new stake in Willis Lease Finance in the second quarter valued at $69,000. Hillsdale Investment Management Inc. acquired a new position in shares of Willis Lease Finance during the first quarter valued at $114,000. BNP Paribas Financial Markets grew 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 acquiring an additional 599 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Willis Lease Finance by 6.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 19,732 shares of the transportation company’s stock worth $1,367,000 after acquiring an additional 1,187 shares during the period. 93.70% of the stock is currently owned by institutional investors and hedge funds.

Willis Lease Finance Trading Down 0.2 %

NASDAQ:WLFC opened at $86.38 on Tuesday. The company has a market cap of $567.52 million, a PE ratio of 9.95 and a beta of 1.05. The business’s 50 day moving average is $68.42 and its two-hundred day moving average is $56.81. The company has a quick ratio of 0.91, a current ratio of 1.41 and a debt-to-equity ratio of 3.76. Willis Lease Finance has a 52 week low of $39.50 and a 52 week high of $87.33.

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

Willis Lease Finance Dividend Announcement

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

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.