Willis Lease Finance Co. (NASDAQ:WLFC) Shares Sold by Bosun Asset Management LLC

Bosun Asset Management LLC reduced its stake in shares of Willis Lease Finance Co. (NASDAQ:WLFC) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,104 shares of the transportation company’s stock after selling 131 shares during the quarter. Bosun Asset Management LLC’s holdings in Willis Lease Finance were worth $1,682,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Apis Capital Advisors LLC bought a new stake in shares of Willis Lease Finance during the 4th quarter worth about $1,930,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Willis Lease Finance during the fourth quarter valued at approximately $627,000. Northern Trust Corp increased its stake in shares of Willis Lease Finance by 5.9% during the fourth quarter. Northern Trust Corp now owns 30,118 shares of the transportation company’s stock valued at $6,251,000 after acquiring an additional 1,687 shares during the period. The Manufacturers Life Insurance Company bought a new stake in Willis Lease Finance during the fourth quarter worth approximately $216,000. Finally, Tudor Investment Corp ET AL acquired a new stake in Willis Lease Finance in the fourth quarter worth approximately $1,202,000. Institutional investors and hedge funds own 93.70% of the company’s stock.

Willis Lease Finance Stock Down 0.3 %

Shares of WLFC stock opened at $156.24 on Tuesday. Willis Lease Finance Co. has a 1 year low of $54.87 and a 1 year high of $235.43. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.76 and a current ratio of 1.16. The business’s fifty day moving average is $160.20 and its 200-day moving average is $186.38. The stock has a market cap of $1.20 billion, a PE ratio of 11.07 and a beta of 0.79.

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. Willis Lease Finance had a return on equity of 20.62% and a net margin of 18.56%. The firm had revenue of $152.80 million for the quarter, compared to analyst estimates of $145.54 million.

Willis Lease Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Monday, May 12th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Monday, May 12th. Willis Lease Finance’s dividend payout ratio is presently 6.50%.

Insider Activity at Willis Lease Finance

In other news, CEO Austin Chandler Willis sold 3,450 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $157.82, for a total transaction 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 $32,612,556.08. This represents a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Scott B. Flaherty sold 1,539 shares of the stock in a transaction 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 transaction, the executive vice president now owns 69,296 shares of the company’s stock, valued at $11,842,686.40. This trade represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,465 shares of company stock valued at $2,439,074 over the last ninety days. Insiders own 57.02% 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.