Willis Lease Finance (NASDAQ:WLFC) Stock Price Crosses Above Two Hundred Day Moving Average of $48.53

Willis Lease Finance Co. (NASDAQ:WLFC – Get Rating) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $48.53 and traded as high as $56.85. Willis Lease Finance shares last traded at $56.60, with a volume of 5,781 shares trading hands.

Willis Lease Finance Stock Down 2.0 %

The firm has a market capitalization of $345.26 million, a price-to-earnings ratio of 471.71 and a beta of 1.03. The company has a current ratio of 2.76, a quick ratio of 2.09 and a debt-to-equity ratio of 4.76. The firm has a 50 day moving average price of $59.05 and a two-hundred day moving average price of $48.53.

Institutional Investors Weigh In On Willis Lease Finance

Several hedge funds have recently modified their holdings of WLFC. UBS Group AG grew its position in shares of Willis Lease Finance by 590.4% in the 3rd quarter. UBS Group AG now owns 1,443 shares of the transportation company’s stock worth $47,000 after acquiring an additional 1,234 shares in the last quarter. 683 Capital Management LLC acquired a new position in shares of Willis Lease Finance in the 4th quarter worth approximately $206,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Willis Lease Finance in the 4th quarter worth approximately $212,000. FMR LLC grew its position in shares of Willis Lease Finance by 136.7% in the 2nd quarter. FMR LLC now owns 3,652 shares of the transportation company’s stock worth $137,000 after acquiring an additional 2,109 shares in the last quarter. Finally, Boothbay Fund Management LLC acquired a new position in shares of Willis Lease Finance in the 4th quarter worth approximately $225,000. 84.62% of the stock is currently owned by hedge funds and other institutional investors.

Willis Lease Finance Company Profile

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Willis Lease Finance Corp. engages in the provision of commercial aircraft and aircraft engines services. It operates through the following business segments: Leasing and Related Operations, and Spare Parts Sales. The Leasing and Related Operations segment leases aircraft, engines, and provides related services to a diversified group of commercial aircraft operators and maintenance, repair, and overhaul organizations.