Insider Selling: Willis Lease Finance Co. (NASDAQ:WLFC) EVP Sells 1,539 Shares of Stock

Willis Lease Finance Co. (NASDAQ:WLFC) EVP Scott B. Flaherty sold 1,539 shares of the stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $170.90, for a total transaction of $263,015.10. Following the transaction, the executive vice president now owns 69,296 shares of the company’s stock, valued at approximately $11,842,686.40. This represents a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Willis Lease Finance Stock Down 3.6 %

Shares of NASDAQ:WLFC traded down $6.29 during midday trading on Wednesday, reaching $170.46. The company had a trading volume of 43,519 shares, compared to its average volume of 29,939. The business’s 50 day moving average price is $189.57 and its 200 day moving average price is $186.45. Willis Lease Finance Co. has a 1-year low of $48.10 and a 1-year high of $235.43. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 3.84. The stock has a market cap of $1.13 billion, a PE ratio of 12.08 and a beta of 1.11.

Willis Lease Finance (NASDAQ:WLFC) last issued its earnings results on Monday, March 10th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.92. Willis Lease Finance had a net margin of 18.56% and a return on equity of 20.62%. The company had revenue of $152.80 million for the quarter, compared to analysts’ expectations of $145.54 million.

Willis Lease Finance Dividend Announcement

The firm also recently announced 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 0.59%. Willis Lease Finance’s dividend payout ratio is currently 6.50%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Summit Investment Advisors Inc. lifted its holdings in Willis Lease Finance by 27.4% during the 4th quarter. Summit Investment Advisors Inc. now owns 298 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 64 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Willis Lease Finance by 4.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,622 shares of the transportation company’s stock worth $337,000 after buying an additional 66 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Willis Lease Finance by 1.5% during the 4th quarter. Nuveen Asset Management LLC now owns 5,783 shares of the transportation company’s stock worth $1,200,000 after buying an additional 83 shares during the period. Lazard Asset Management LLC grew its stake in Willis Lease Finance by 16.9% in the 4th quarter. Lazard Asset Management LLC now owns 643 shares of the transportation company’s stock valued at $133,000 after buying an additional 93 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Willis Lease Finance by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,188 shares of the transportation company’s stock worth $4,813,000 after acquiring an additional 198 shares during the last quarter. 93.70% of the stock is owned by institutional investors and hedge funds.

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.