Charles F. Iv Willis Sells 30,000 Shares of Willis Lease Finance Co. (NASDAQ:WLFC) Stock

Willis Lease Finance Co. (NASDAQ:WLFCGet Free Report) Chairman Charles F. Iv Willis sold 30,000 shares of the business’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $66.04, for a total value of $1,981,200.00. Following the completion of the sale, the chairman now directly owns 948,533 shares in the company, valued at $62,641,119.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Willis Lease Finance Stock Up 3.1 %

WLFC stock opened at $66.17 on Friday. Willis Lease Finance Co. has a 1-year low of $37.01 and a 1-year high of $67.50. The business has a fifty day moving average price of $55.10 and a 200-day moving average price of $50.28. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.41 and a quick ratio of 0.91. The stock has a market capitalization of $434.74 million, a P/E ratio of 7.62 and a beta of 0.99.

Willis Lease Finance (NASDAQ:WLFCGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The transportation company reported $3.00 earnings per share 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 declared a dividend, which will be paid on Friday, June 7th. Stockholders of record on Thursday, May 30th will be paid a $1.00 dividend. The ex-dividend date is Thursday, May 30th.

Analysts Set New Price Targets

Several equities research analysts have commented on WLFC shares. TheStreet downgraded Willis Lease Finance from a “c-” rating to a “d” rating in a report on Wednesday, March 13th. StockNews.com raised Willis Lease Finance from a “buy” rating to a “strong-buy” rating in a report on Friday, March 22nd.

Get Our Latest Stock Analysis on WLFC

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Hillsdale Investment Management Inc. purchased a new position in shares of Willis Lease Finance in the first quarter worth $114,000. BNP Paribas Financial Markets increased its position in Willis Lease Finance by 14.0% during the first quarter. BNP Paribas Financial Markets now owns 4,887 shares of the transportation company’s stock valued at $242,000 after acquiring an additional 599 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Willis Lease Finance during the third quarter valued at $225,000. Los Angeles Capital Management LLC purchased a new stake in Willis Lease Finance during the third quarter valued at $308,000. Finally, Empowered Funds LLC increased its position in Willis Lease Finance by 7.7% during the first quarter. Empowered Funds LLC now owns 22,062 shares of the transportation company’s stock valued at $1,095,000 after acquiring an additional 1,575 shares during the last quarter. Hedge funds and other institutional investors own 93.70% of the company’s stock.

Willis Lease Finance Company Profile

(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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Insider Buying and Selling by Quarter for Willis Lease Finance (NASDAQ:WLFC)

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