Navellier & Associates Inc. Has $1.43 Million Stock Holdings in Willis Lease Finance Co. (NASDAQ:WLFC)

Navellier & Associates Inc. raised its stake in Willis Lease Finance Co. (NASDAQ:WLFC) by 95.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,890 shares of the transportation company’s stock after buying an additional 3,361 shares during the quarter. Navellier & Associates Inc. owned 0.10% of Willis Lease Finance worth $1,430,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its stake in Willis Lease Finance by 5.5% in the 4th quarter. Rhumbline Advisers now owns 7,073 shares of the transportation company’s stock valued at $1,468,000 after buying an additional 371 shares during the period. Ritholtz Wealth Management increased its stake in 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 buying an additional 681 shares during the period. SG Americas Securities LLC acquired a new position in Willis Lease Finance in the 3rd quarter valued at approximately $146,000. Truist Financial Corp acquired a new position in Willis Lease Finance in the 4th quarter valued at approximately $208,000. Finally, Lakewood Asset Management LLC acquired a new position in Willis Lease Finance in the 4th quarter valued at approximately $227,000. Institutional investors and hedge funds own 93.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Willis Lease Finance from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th.

Willis Lease Finance Stock Performance

Shares of WLFC opened at $185.00 on Friday. The company’s fifty day moving average is $201.02 and its 200-day moving average is $173.38. Willis Lease Finance Co. has a 12 month low of $46.70 and a 12 month high of $235.43. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 13.11 and a beta of 1.10. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 3.84.

Willis Lease Finance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.54%. Willis Lease Finance’s dividend payout ratio (DPR) is 7.09%.

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.