Rae Ann Mckeating Sells 2,000 Shares of Willis Lease Finance Co. (NASDAQ:WLFC) Stock

Willis Lease Finance Co. (NASDAQ:WLFC) Director Rae Ann Mckeating sold 2,000 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $66.28, for a total value of $132,560.00. Following the completion of the transaction, the director now directly owns 14,250 shares in the company, valued at approximately $944,490. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Willis Lease Finance Price Performance

NASDAQ:WLFC opened at $63.40 on Friday. The firm has a market capitalization of $416.54 million, a price-to-earnings ratio of 7.30 and a beta of 0.99. Willis Lease Finance Co. has a 1 year low of $37.01 and a 1 year high of $67.50. The business has a 50 day simple moving average of $53.42 and a 200-day simple moving average of $49.52. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.41 and a quick ratio of 0.91.

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

Willis Lease Finance Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently commented on the company. TheStreet downgraded Willis Lease Finance from a “c-” rating to a “d” rating in a research note on Wednesday, March 13th. StockNews.com upgraded Willis Lease Finance from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 22nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in WLFC. Hillsdale Investment Management Inc. acquired a new position in shares of Willis Lease Finance in the 1st quarter valued at about $114,000. BNP Paribas Financial Markets raised its holdings in Willis Lease Finance by 14.0% in the 1st quarter. BNP Paribas Financial Markets now owns 4,887 shares of the transportation company’s stock worth $242,000 after purchasing an additional 599 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Willis Lease Finance in the 3rd quarter worth about $225,000. Los Angeles Capital Management LLC acquired a new position in Willis Lease Finance in the 3rd quarter worth about $308,000. Finally, Empowered Funds LLC raised its holdings in Willis Lease Finance by 7.7% in the 1st quarter. Empowered Funds LLC now owns 22,062 shares of the transportation company’s stock worth $1,095,000 after purchasing an additional 1,575 shares during the period. 93.70% of the stock is currently owned by hedge funds and other institutional investors.

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.