Willis Lease Finance Co. (NASDAQ:WLFC) Insider Sells $73,475.32 in Stock

Willis Lease Finance Co. (NASDAQ:WLFCGet Free Report) insider Robert J. Keady sold 1,129 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $65.08, for a total transaction of $73,475.32. Following the sale, the insider now owns 29,593 shares in the company, valued at approximately $1,925,912.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Willis Lease Finance Stock Down 1.1 %

Shares of WLFC opened at $66.73 on Thursday. The firm has a market cap of $438.42 million, a PE ratio of 7.69 and a beta of 0.99. The company’s fifty day moving average is $53.12 and its two-hundred day moving average is $49.42. Willis Lease Finance Co. has a fifty-two week low of $37.01 and a fifty-two week high of $67.50. The company has a quick ratio of 0.91, a current ratio of 1.41 and a debt-to-equity ratio of 3.76.

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

Willis Lease Finance Dividend Announcement

The firm also recently announced 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.

Hedge Funds Weigh In On Willis Lease Finance

A number of hedge funds have recently made changes to their positions in WLFC. Hillsdale Investment Management Inc. purchased a new position in shares of Willis Lease Finance in the 1st quarter valued at $114,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Willis Lease Finance in the 3rd quarter valued at $225,000. BNP Paribas Financial Markets raised its stake in shares of 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 valued at $242,000 after acquiring an additional 599 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Willis Lease Finance in the 3rd quarter valued at $308,000. Finally, Empowered Funds LLC raised its stake in shares of Willis Lease Finance by 7.7% in the 1st 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 period. Hedge funds and other institutional investors own 93.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WLFC. StockNews.com upgraded shares of Willis Lease Finance from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 22nd. TheStreet lowered shares of Willis Lease Finance from a “c-” rating to a “d” rating in a report on Wednesday, March 13th.

Check Out Our Latest Stock Analysis on WLFC

About Willis Lease Finance

(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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