Scott B. Flaherty Sells 5,026 Shares of Willis Lease Finance Co. (NASDAQ:WLFC) Stock

Willis Lease Finance Co. (NASDAQ:WLFC) EVP Scott B. Flaherty sold 5,026 shares of Willis Lease Finance stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $184.50, for a total value of $927,297.00. Following the completion of the sale, the executive vice president now owns 79,270 shares in the company, valued at approximately $14,625,315. This trade represents a 5.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Willis Lease Finance Trading Down 1.6 %

NASDAQ:WLFC opened at $167.66 on Friday. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 11.88 and a beta of 1.11. Willis Lease Finance Co. has a 1 year low of $48.10 and a 1 year high of $235.43. The stock has a fifty day moving average price of $188.25 and a two-hundred day moving average price of $186.21. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.76 and a current ratio of 1.16.

Willis Lease Finance (NASDAQ:WLFC) last announced its quarterly earnings results on Monday, March 10th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.92. The business had revenue of $152.80 million during the quarter, compared to the consensus estimate 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 declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Wednesday, February 12th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, February 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.60%. Willis Lease Finance’s payout ratio is 6.50%.

Institutional Investors Weigh In On Willis Lease Finance

A number of institutional investors and hedge funds have recently modified their holdings of WLFC. Dimensional Fund Advisors LP raised its holdings in Willis Lease Finance by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 511,472 shares of the transportation company’s stock worth $106,154,000 after purchasing an additional 17,500 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Willis Lease Finance by 15.5% during the 4th quarter. Vanguard Group Inc. now owns 142,100 shares of the transportation company’s stock worth $29,493,000 after buying an additional 19,078 shares during the last quarter. Four Tree Island Advisory LLC purchased a new stake in shares of Willis Lease Finance in the 4th quarter worth about $16,268,000. Geode Capital Management LLC boosted its position in shares of Willis Lease Finance by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 67,021 shares of the transportation company’s stock worth $9,975,000 after buying an additional 1,886 shares in the last quarter. Finally, State Street Corp grew its stake in Willis Lease Finance by 7.6% in the 3rd quarter. State Street Corp now owns 39,926 shares of the transportation company’s stock valued at $5,941,000 after acquiring an additional 2,805 shares during the last quarter. Institutional investors and hedge funds own 93.70% of the company’s stock.

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.