Willis Lease Finance Co. (NASDAQ:WLFC) Chairman Sells $36,197.40 in Stock

Willis Lease Finance Co. (NASDAQ:WLFCGet Free Report) Chairman Charles F. Iv Willis sold 732 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $49.45, for a total value of $36,197.40. Following the sale, the chairman now directly owns 913,193 shares of the company’s stock, valued at $45,157,393.85. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Willis Lease Finance Stock Down 1.5 %

Willis Lease Finance stock opened at $47.73 on Friday. Willis Lease Finance Co. has a twelve month low of $37.01 and a twelve month high of $60.70. The stock has a 50 day moving average of $47.54 and a two-hundred day moving average of $44.49. The company has a current ratio of 1.42, a quick ratio of 0.98 and a debt-to-equity ratio of 4.14. The stock has a market capitalization of $304.04 million, a price-to-earnings ratio of 7.00 and a beta of 1.04.

Willis Lease Finance (NASDAQ:WLFCGet Free Report) last posted its quarterly earnings data on Friday, November 3rd. The transportation company reported $2.13 earnings per share for the quarter. The company had revenue of $105.75 million during the quarter. Willis Lease Finance had a return on equity of 11.37% and a net margin of 12.02%.

Hedge Funds Weigh In On Willis Lease Finance

A number of large investors have recently modified their holdings of WLFC. BlackRock Inc. raised its stake in shares of Willis Lease Finance by 277.8% during the 2nd quarter. BlackRock Inc. now owns 154,312 shares of the transportation company’s stock worth $6,038,000 after buying an additional 113,471 shares in the last quarter. Morgan Stanley raised its stake in shares of Willis Lease Finance by 24,871.5% during the 4th quarter. Morgan Stanley now owns 39,455 shares of the transportation company’s stock worth $2,328,000 after buying an additional 39,297 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Willis Lease Finance by 101.8% during the 2nd quarter. Geode Capital Management LLC now owns 53,480 shares of the transportation company’s stock worth $2,093,000 after buying an additional 26,985 shares in the last quarter. Millennium Management LLC raised its stake in shares of Willis Lease Finance by 274.6% during the 2nd quarter. Millennium Management LLC now owns 31,435 shares of the transportation company’s stock worth $1,178,000 after buying an additional 23,043 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Willis Lease Finance by 256.5% during the 2nd quarter. State Street Corp now owns 29,657 shares of the transportation company’s stock worth $1,160,000 after buying an additional 21,339 shares in the last quarter. 84.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Willis Lease Finance from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 6th.

Read Our Latest Stock Analysis on Willis Lease Finance

About Willis Lease Finance

(Get Free Report)

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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