Latash Investments LLC Has $2.80 Million Stock Holdings in Willis Lease Finance Co. (NASDAQ:WLFC)

Latash Investments LLC lowered its position in shares of Willis Lease Finance Co. (NASDAQ:WLFC) by 15.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,500 shares of the transportation company’s stock after selling 2,500 shares during the quarter. Willis Lease Finance comprises 2.2% of Latash Investments LLC’s portfolio, making the stock its 2nd largest position. Latash Investments LLC owned approximately 0.20% of Willis Lease Finance worth $2,802,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in WLFC. Charles Schwab Investment Management Inc. increased its stake in shares of Willis Lease Finance by 173.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 22,990 shares of the transportation company’s stock valued at $3,421,000 after purchasing an additional 14,590 shares during the period. State Street Corp grew its stake in shares of Willis Lease Finance by 7.6% in the third quarter. State Street Corp now owns 39,926 shares of the transportation company’s stock worth $5,941,000 after purchasing an additional 2,805 shares in the last quarter. Jane Street Group LLC bought a new position in Willis Lease Finance in the 3rd quarter valued at about $531,000. Barclays PLC boosted its stake in Willis Lease Finance by 221.7% during the 3rd 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 in the last quarter. Finally, Geode Capital Management LLC increased 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 valued at $9,975,000 after purchasing an additional 1,886 shares during the period. 93.70% of the stock is currently owned by institutional investors.

Willis Lease Finance Trading Up 2.0 %

Shares of Willis Lease Finance stock opened at $160.57 on Thursday. The business has a fifty day simple moving average of $185.26 and a 200-day simple moving average of $188.11. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 11.38 and a beta of 1.11. Willis Lease Finance Co. has a fifty-two week low of $48.10 and a fifty-two week 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.

Willis Lease Finance (NASDAQ:WLFC) last announced its earnings results on Monday, March 10th. The transportation company reported $2.81 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $145.54 million.

Willis Lease Finance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Wednesday, February 12th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend was Wednesday, February 12th. Willis Lease Finance’s dividend payout ratio (DPR) is presently 6.50%.

Insider Buying and Selling

In related news, CEO Austin Chandler Willis sold 3,450 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $204.14, for a total value of $704,283.00. Following the completion of the sale, the chief executive officer now directly owns 158,034 shares in the company, valued at approximately $32,261,060.76. The trade was a 2.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Scott B. Flaherty sold 1,539 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 69,296 shares in the company, valued at approximately $11,842,686.40. This trade represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,015 shares of company stock worth $1,894,595. Corporate 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.