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

Willis Lease Finance Co. (NASDAQ:WLFCGet Rating) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 22,600 shares, a decrease of 38.1% from the August 15th total of 36,500 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily volume of 15,600 shares, the days-to-cover ratio is presently 1.4 days.

Analyst Ratings Changes

Separately, StockNews.com upgraded Willis Lease Finance from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 25th.

Willis Lease Finance Stock Down 0.1 %

WLFC stock opened at $36.07 on Wednesday. The firm has a fifty day moving average price of $38.22 and a two-hundred day moving average price of $35.52. The company has a debt-to-equity ratio of 4.62, a current ratio of 2.84 and a quick ratio of 2.06. Willis Lease Finance has a 1-year low of $30.22 and a 1-year high of $43.38. The firm has a market cap of $219.92 million, a price-to-earnings ratio of -14.84 and a beta of 1.08.

Insider Activity

In other Willis Lease Finance news, CEO Austin Chandler Willis sold 2,500 shares of the business’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $30.50, for a total value of $76,250.00. Following the transaction, the chief executive officer now owns 86,198 shares in the company, valued at approximately $2,629,039. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Scott B. Flaherty sold 3,292 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $40.02, for a total value of $131,745.84. Following the sale, the chief financial officer now directly owns 82,239 shares of the company’s stock, valued at $3,291,204.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Austin Chandler Willis sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $30.50, for a total transaction of $76,250.00. Following the transaction, the chief executive officer now directly owns 86,198 shares of the company’s stock, valued at $2,629,039. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,292 shares of company stock worth $493,871. 54.26% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Willis Lease Finance

Institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC grew its holdings in shares of Willis Lease Finance by 136.7% during the second quarter. FMR LLC now owns 3,652 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 2,109 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Willis Lease Finance by 29.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,629 shares of the transportation company’s stock worth $278,000 after buying an additional 1,955 shares during the last quarter. Citadel Advisors LLC acquired a new stake in Willis Lease Finance in the second quarter worth $390,000. Millennium Management LLC lifted its stake in Willis Lease Finance by 274.6% in the second quarter. Millennium Management LLC now owns 31,435 shares of the transportation company’s stock valued at $1,178,000 after buying an additional 23,043 shares during the last quarter. Finally, RBF Capital LLC boosted its holdings in shares of Willis Lease Finance by 79.2% during the first quarter. RBF Capital LLC now owns 107,096 shares of the transportation company’s stock valued at $3,454,000 after acquiring an additional 47,320 shares during the period. Institutional investors and hedge funds own 85.26% of the company’s stock.

About Willis Lease Finance

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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.

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