Willis Lease Finance Co. (NASDAQ:WLFC) EVP Scott B. Flaherty Sells 1,539 Shares

Willis Lease Finance Co. (NASDAQ:WLFC) EVP Scott B. Flaherty sold 1,539 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $170.90, for a total value of $263,015.10. Following the completion of the sale, the executive vice president now directly owns 69,296 shares in the company, valued at approximately $11,842,686.40. The trade was a 2.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Willis Lease Finance Price Performance

WLFC opened at $170.46 on Thursday. The stock’s 50-day moving average price is $188.92 and its 200 day moving average price is $186.34. Willis Lease Finance Co. has a 12-month low of $48.10 and a 12-month high of $235.43. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 12.08 and a beta of 1.11. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 3.84.

Willis Lease Finance (NASDAQ:WLFC) last released its earnings results on Monday, March 10th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.92. The company had revenue of $152.80 million for the quarter, compared to analyst estimates of $145.54 million. Willis Lease Finance had a net margin of 18.56% and a return on equity of 20.62%.

Willis Lease Finance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Wednesday, February 12th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.59%. The ex-dividend date was Wednesday, February 12th. Willis Lease Finance’s payout ratio is 6.50%.

Institutional Investors Weigh In On Willis Lease Finance

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Summit Investment Advisors Inc. increased its position in shares of Willis Lease Finance by 27.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 298 shares of the transportation company’s stock worth $62,000 after purchasing an additional 64 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Willis Lease Finance during the fourth quarter worth approximately $104,000. Lazard Asset Management LLC lifted its stake in Willis Lease Finance by 16.9% in the fourth quarter. Lazard Asset Management LLC now owns 643 shares of the transportation company’s stock valued at $133,000 after buying an additional 93 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Willis Lease Finance by 780.8% in the fourth quarter. Russell Investments Group Ltd. now owns 687 shares of the transportation company’s stock valued at $143,000 after acquiring an additional 609 shares during the period. Finally, Truist Financial Corp purchased a new position in shares of Willis Lease Finance during the fourth quarter worth approximately $208,000. 93.70% of the stock is currently owned by institutional investors and hedge funds.

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.