Willis Lease Finance (NASDAQ:WLFC) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Willis Lease Finance Co. (NASDAQ:WLFC) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $149.23 and traded as high as $207.54. Willis Lease Finance shares last traded at $205.40, with a volume of 22,787 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Willis Lease Finance from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th.

Willis Lease Finance Price Performance

The business’s fifty day moving average price is $208.10 and its 200 day moving average price is $151.23. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.16 and a quick ratio of 0.76. The stock has a market cap of $1.34 billion, a P/E ratio of 14.39 and a beta of 1.11.

Willis Lease Finance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.49%. Willis Lease Finance’s payout ratio is presently 7.09%.

Insider Activity

In other news, Director Rae Ann Mckeating sold 500 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $194.32, for a total transaction of $97,160.00. Following the completion of the transaction, the director now owns 16,500 shares of the company’s stock, valued at approximately $3,206,280. This trade represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Brian Richard Hole sold 20,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $203.31, for a total value of $4,066,200.00. Following the transaction, the president now directly owns 81,164 shares of the company’s stock, valued at approximately $16,501,452.84. This represents a 19.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,500 shares of company stock worth $5,164,310. Insiders own 57.02% of the company’s stock.

Hedge Funds Weigh In On Willis Lease Finance

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ritholtz Wealth Management increased its stake in shares of Willis Lease Finance by 32.5% in the 4th quarter. Ritholtz Wealth Management now owns 2,778 shares of the transportation company’s stock valued at $577,000 after acquiring an additional 681 shares in the last quarter. Lakewood Asset Management LLC acquired a new stake in Willis Lease Finance in the fourth quarter worth $227,000. Franklin Resources Inc. bought a new stake in Willis Lease Finance in the third quarter valued at $283,000. Barclays PLC raised its holdings in shares of Willis Lease Finance by 221.7% during the third quarter. Barclays PLC now owns 3,738 shares of the transportation company’s stock valued at $556,000 after purchasing an additional 2,576 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Willis Lease Finance by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 67,021 shares of the transportation company’s stock worth $9,975,000 after purchasing an additional 1,886 shares in the last quarter. Institutional investors and hedge funds own 93.70% of the company’s stock.

About Willis Lease Finance

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.