Brian Richard Hole Sells 7,295 Shares of Willis Lease Finance Corporation (NASDAQ:WLFC) Stock

Willis Lease Finance Corporation (NASDAQ:WLFC - Get Free Report) President Brian Richard Hole sold 7,295 shares of Willis Lease Finance stock in a transaction on Friday, June 27th. The stock was sold at an average price of $145.16, for a total transaction of $1,058,942.20. Following the transaction, the president directly owned 100,760 shares of the company's stock, valued at approximately $14,626,321.60. This trade represents a 6.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Brian Richard Hole also recently made the following trade(s):

• On Tuesday, May 27th, Brian Richard Hole sold 2,893 shares of Willis Lease Finance stock. The shares were sold at an average price of $133.72, for a total transaction of $386,851.96.
• On Friday, May 23rd, Brian Richard Hole sold 2,807 shares of Willis Lease Finance stock. The stock was sold at an average price of $131.49, for a total value of $369,092.43.

Willis Lease Finance Stock Performance

NASDAQ WLFC traded up $6.51 on Thursday, reaching $140.11. The stock had a trading volume of 79,471 shares, compared to its average volume of 54,097. The company has a debt-to-equity ratio of 3.95, a current ratio of 2.17 and a quick ratio of 1.61. The company has a market cap of $1.07 billion, a P/E ratio of 9.60 and a beta of 1.04. The firm has a fifty day moving average of $141.37 and a two-hundred day moving average of $168.87. Willis Lease Finance Corporation has a 1-year low of $66.05 and a 1-year high of $235.43.

Willis Lease Finance (NASDAQ:WLFC - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The transportation company reported $2.21 EPS for the quarter, missing the consensus estimate of $4.41 by ($2.20). Willis Lease Finance had a net margin of 17.21% and a return on equity of 19.69%. The business had revenue of $157.73 million during the quarter, compared to analyst estimates of $149.00 million.

Willis Lease Finance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Monday, May 12th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Monday, May 12th. Willis Lease Finance's dividend payout ratio (DPR) is currently 6.85%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Willis Lease Finance from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd.

Institutional Investors Weigh In On Willis Lease Finance

A number of large investors have recently added to or reduced their stakes in WLFC. Rhumbline Advisers raised its holdings 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 acquiring an additional 371 shares in the last quarter. Truist Financial Corp bought a new position in shares of Willis Lease Finance in the fourth quarter worth $208,000. Bank of New York Mellon Corp raised its stake in Willis Lease Finance by 11.8% in the fourth quarter. Bank of New York Mellon Corp now owns 18,770 shares of the transportation company's stock valued at $3,896,000 after purchasing an additional 1,988 shares in the last quarter. 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 purchasing an additional 198 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Willis Lease Finance by 14.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,295 shares of the transportation company's stock worth $4,212,000 after buying an additional 2,632 shares in the last quarter. Institutional investors and hedge funds own 93.70% 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.