Willis Lease Finance Co. (NASDAQ:WLFC) CEO Austin Chandler Willis Sells 3,450 Shares

Willis Lease Finance Co. (NASDAQ:WLFC) CEO Austin Chandler Willis sold 3,450 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $157.82, for a total value of $544,479.00. Following the completion of the sale, the chief executive officer now directly owns 206,644 shares of the company’s stock, valued at approximately $32,612,556.08. This represents a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Austin Chandler Willis also recently made the following trade(s):

• On Monday, March 3rd, Austin Chandler Willis sold 3,450 shares of Willis Lease Finance stock. The stock was sold at an average price of $204.14, for a total value of $704,283.00.

Willis Lease Finance Stock Performance

Shares of WLFC opened at $135.52 on Friday. The stock has a market capitalization of $895.25 million, a PE ratio of 9.60 and a beta of 1.11. The business’s fifty day moving average price is $183.23 and its 200 day moving average price is $188.42. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.16 and a quick ratio of 0.76. Willis Lease Finance Co. has a 12-month low of $48.10 and a 12-month high of $235.43.

Willis Lease Finance (NASDAQ:WLFC) last posted its quarterly 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 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Wednesday, February 12th. Willis Lease Finance’s payout ratio is 6.50%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WLFC. California State Teachers Retirement System increased its position in Willis Lease Finance by 1,213.8% in the fourth quarter. California State Teachers Retirement System now owns 2,759 shares of the transportation company’s stock worth $573,000 after buying an additional 2,549 shares during the period. Palisades Investment Partners LLC grew its position in shares of Willis Lease Finance by 9.5% during the fourth quarter. Palisades Investment Partners LLC now owns 20,928 shares of the transportation company’s stock worth $4,344,000 after acquiring an additional 1,808 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Willis Lease Finance in the 4th quarter worth about $897,000. Nuveen Asset Management LLC lifted its position in Willis Lease Finance by 1.5% in the 4th quarter. Nuveen Asset Management LLC now owns 5,783 shares of the transportation company’s stock valued at $1,200,000 after purchasing an additional 83 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Willis Lease Finance by 4.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,622 shares of the transportation company’s stock valued at $337,000 after purchasing an additional 66 shares during the period. 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.