Insider Selling: Willis Lease Finance Co. (NASDAQ:WLFC) EVP Sells 5,026 Shares of Stock

Willis Lease Finance Co. (NASDAQ:WLFC) EVP Scott B. Flaherty sold 5,026 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $184.50, for a total value of $927,297.00. Following the transaction, the executive vice president now owns 79,270 shares of the company’s stock, valued at $14,625,315. This represents a 5.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Willis Lease Finance Price Performance

Willis Lease Finance stock traded down $6.29 during trading hours on Wednesday, hitting $170.46. 43,519 shares of the company traded hands, compared to its average volume of 38,095. The firm’s 50-day simple moving average is $189.57 and its two-hundred day simple moving average is $186.45. The firm has a market cap of $1.13 billion, a P/E ratio of 12.08 and a beta of 1.11. Willis Lease Finance Co. has a 1-year low of $48.10 and a 1-year high of $235.43. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 3.84.

Willis Lease Finance (NASDAQ:WLFC) last posted its quarterly earnings data on Monday, March 10th. The transportation company reported $2.81 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $152.80 million during the quarter, compared to analyst estimates of $145.54 million.

Willis Lease Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Wednesday, February 12th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Wednesday, February 12th. Willis Lease Finance’s payout ratio is presently 6.50%.

Institutional Trading of Willis Lease Finance

Hedge funds have recently added to or reduced their stakes in the business. Four Tree Island Advisory LLC bought a new position in Willis Lease Finance in the fourth quarter worth $16,268,000. Vanguard Group Inc. raised its position in Willis Lease Finance by 15.5% in the 4th quarter. Vanguard Group Inc. now owns 142,100 shares of the transportation company’s stock valued at $29,493,000 after purchasing an additional 19,078 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Willis Lease Finance by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 511,472 shares of the transportation company’s stock worth $106,154,000 after purchasing an additional 17,500 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Willis Lease Finance by 173.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 22,990 shares of the transportation company’s stock valued at $3,421,000 after purchasing an additional 14,590 shares during the last quarter. Finally, Apis Capital Advisors LLC bought a new stake in Willis Lease Finance during the 4th quarter worth about $1,930,000. Institutional investors own 93.70% of the company’s stock.

Willis Lease Finance Company 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.