Apis Capital Advisors LLC Purchases Shares of 9,300 Willis Lease Finance Co. (NASDAQ:WLFC)

Apis Capital Advisors LLC acquired a new stake in Willis Lease Finance Co. (NASDAQ:WLFC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,300 shares of the transportation company's stock, valued at approximately $1,930,000. Willis Lease Finance makes up about 1.3% of Apis Capital Advisors LLC's portfolio, making the stock its 20th largest holding. Apis Capital Advisors LLC owned approximately 0.14% of Willis Lease Finance at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of WLFC. Summit Investment Advisors Inc. raised its position in Willis Lease Finance by 27.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 298 shares of the transportation company's stock worth $62,000 after acquiring an additional 64 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Willis Lease Finance during the 4th quarter worth approximately $104,000. Russell Investments Group Ltd. boosted its position in Willis Lease Finance by 780.8% during the fourth quarter. Russell Investments Group Ltd. now owns 687 shares of the transportation company's stock worth $143,000 after purchasing an additional 609 shares in the last quarter. Truist Financial Corp acquired a new position in Willis Lease Finance during the fourth quarter worth about $208,000. Finally, Rangeley Capital LLC purchased a new position in Willis Lease Finance during the fourth quarter worth $208,000. Hedge funds and other institutional investors own 93.70% of the company's stock.

Willis Lease Finance Trading Down 14.2 %

NASDAQ WLFC traded down $22.11 during mid-day trading on Tuesday, reaching $134.13. 139,695 shares of the stock were exchanged, compared to its average volume of 35,114. The business's fifty day simple moving average is $158.87 and its 200 day simple moving average is $186.02. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.76 and a current ratio of 1.16. The stock has a market capitalization of $1.03 billion, a PE ratio of 9.51 and a beta of 1.13. Willis Lease Finance Co. has a 1-year low of $55.31 and a 1-year high of $235.43.

Willis Lease Finance (NASDAQ:WLFC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The transportation company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.41 by ($2.20). Willis Lease Finance had a net margin of 18.56% and a return on equity of 20.62%. The company had revenue of $157.73 million for the quarter, compared to analysts' expectations of $149.00 million.

Willis Lease Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Monday, May 12th. Willis Lease Finance's dividend payout ratio is presently 6.50%.

Insider Buying and Selling at Willis Lease Finance

In related news, CEO Austin Chandler Willis sold 3,450 shares of Willis Lease Finance stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $157.82, for a total transaction of $544,479.00. Following the sale, the chief executive officer now directly owns 206,644 shares in the company, valued at $32,612,556.08. The trade was a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott B. Flaherty sold 1,539 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $170.90, for a total value of $263,015.10. Following the sale, the executive vice president now directly owns 69,296 shares in the company, valued at approximately $11,842,686.40. The trade was a 2.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,465 shares of company stock worth $2,439,074 over the last 90 days. Insiders own 57.02% 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.