Willis Lease Finance Corporation (WLFC) to Distribute Quarterly Dividend of $0.13 on August 21st

Willis Lease Finance Corporation (NASDAQ:WLFC) declared a quarterly dividend on Wednesday, July 29th. Stockholders of record on Tuesday, August 11th will be given a dividend of 0.133 per share by the transportation company on Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 11th.

Willis Lease Finance has a dividend payout ratio of 3.6% meaning its dividend is sufficiently covered by earnings.

Willis Lease Finance Stock Performance

NASDAQ WLFC opened at $72.52 on Friday. The company has a market capitalization of $1.53 billion, a PE ratio of 13.22 and a beta of 0.72. The company has a 50-day simple moving average of $69.95 and a 200 day simple moving average of $65.47. The company has a debt-to-equity ratio of 3.25, a quick ratio of 2.00 and a current ratio of 2.43. Willis Lease Finance has a 52-week low of $38.00 and a 52-week high of $81.54.

Willis Lease Finance (NASDAQ:WLFC) last announced its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.33. Willis Lease Finance had a net margin of 15.72% and a return on equity of 19.22%. The firm had revenue of $194.35 million for the quarter, compared to the consensus estimate of $175.00 million.

Insider Activity at Willis Lease Finance

In related news, CEO Austin Chandler Willis sold 15,552 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $74.69, for a total transaction of $1,161,578.88. Following the transaction, the chief executive officer owned 450,888 shares in the company, valued at $33,676,824.72. This represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 53.32% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Willis Lease Finance

Several hedge funds and other institutional investors have recently modified their holdings of WLFC. Four Tree Island Advisory LLC increased its position in Willis Lease Finance by 3.9% during the fourth quarter. Four Tree Island Advisory LLC now owns 102,259 shares of the transportation company’s stock valued at $13,870,000 after acquiring an additional 3,793 shares during the last quarter. Two Sigma Investments LP grew its stake in shares of Willis Lease Finance by 9.8% during the 3rd quarter. Two Sigma Investments LP now owns 101,386 shares of the transportation company’s stock valued at $13,899,000 after purchasing an additional 9,052 shares during the period. UBS Group AG increased its position in shares of Willis Lease Finance by 15.0% during the 3rd quarter. UBS Group AG now owns 92,194 shares of the transportation company’s stock valued at $12,639,000 after purchasing an additional 12,000 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Willis Lease Finance by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 73,452 shares of the transportation company’s stock worth $9,965,000 after purchasing an additional 947 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Willis Lease Finance by 1,498.3% in the 3rd quarter. Millennium Management LLC now owns 66,008 shares of the transportation company’s stock worth $9,049,000 after purchasing an additional 61,878 shares during the period. 93.70% of the stock is owned by institutional investors.

Willis Lease Finance Company Profile

Willis Lease Finance Corporation (NASDAQ: WLFC) is an independent global provider of aircraft engine leasing, trading and aftermarket services. Founded in 1991 and headquartered in the United States, the company specializes in offering short- and long-term operating leases for jet engines and auxiliary power units. Through its broad engine portfolio, Willis Lease Finance supports a wide range of commercial aircraft across various operators, including major airlines, regional carriers and other leasing companies.

In addition to leasing solutions, Willis Lease Finance offers comprehensive engine trading and asset management services.