Robert J. Keady Sells 1,129 Shares of Willis Lease Finance Co. (NASDAQ:WLFC) Stock

Willis Lease Finance Co. (NASDAQ:WLFC) insider Robert J. Keady sold 1,129 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $65.08, for a total transaction of $73,475.32. Following the sale, the insider now owns 29,593 shares of the company’s stock, valued at approximately $1,925,912.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Willis Lease Finance Stock Down 1.1 %

Willis Lease Finance stock opened at $66.73 on Thursday. Willis Lease Finance Co. has a fifty-two week low of $37.01 and a fifty-two week high of $67.50. The company has a debt-to-equity ratio of 3.76, a quick ratio of 0.91 and a current ratio of 1.41. The firm has a 50 day moving average price of $53.12 and a 200 day moving average price of $49.42. The company has a market capitalization of $438.42 million, a PE ratio of 7.69 and a beta of 0.99.

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

Willis Lease Finance Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, June 7th. Shareholders of record on Thursday, May 30th will be paid a $1.00 dividend. The ex-dividend date is Thursday, May 30th.

Analyst Upgrades and Downgrades

WLFC has been the subject of several research reports. StockNews.com upgraded shares of Willis Lease Finance from a “buy” rating to a “strong-buy” rating in a report on Friday, March 22nd. TheStreet downgraded shares of Willis Lease Finance from a “c-” rating to a “d” rating in a report on Wednesday, March 13th.

Hedge Funds Weigh In On Willis Lease Finance

Several institutional investors have recently modified their holdings of WLFC. Los Angeles Capital Management LLC acquired a new position in shares of Willis Lease Finance in the third quarter worth $308,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Willis Lease Finance in the third quarter worth $225,000. BNP Paribas Financial Markets grew its stake in shares of Willis Lease Finance by 14.0% in 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 in the last quarter. Empowered Funds LLC grew its stake in shares of Willis Lease Finance by 7.7% in the first quarter. Empowered Funds LLC now owns 22,062 shares of the transportation company’s stock worth $1,095,000 after acquiring an additional 1,575 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Willis Lease Finance by 0.8% in the first quarter. Vanguard Group Inc. now owns 104,869 shares of the transportation company’s stock worth $5,204,000 after acquiring an additional 865 shares in the last quarter. Institutional investors and hedge funds own 93.70% of the company’s stock.

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.