Informed Momentum Co LLC reduced its position in shares of Willis Lease Finance Corporation (NASDAQ:WLFC - Free Report) by 49.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,980 shares of the transportation company's stock after selling 1,964 shares during the quarter. Informed Momentum Co LLC's holdings in Willis Lease Finance were worth $313,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WLFC. Summit Investment Advisors Inc. increased its stake in Willis Lease Finance by 27.4% in the 4th quarter. Summit Investment Advisors Inc. now owns 298 shares of the transportation company's stock worth $62,000 after purchasing an additional 64 shares in the last quarter. Lazard Asset Management LLC increased 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 worth $133,000 after purchasing an additional 93 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Willis Lease Finance by 780.8% in the 4th 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. Earnest Partners LLC purchased a new position in Willis Lease Finance in the 4th quarter worth about $208,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Willis Lease Finance in the fourth quarter valued at $216,000. 93.70% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen lowered Willis Lease Finance from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd.
Read Our Latest Stock Analysis on WLFC
Willis Lease Finance Stock Down 1.8%
Shares of WLFC traded down $2.85 during mid-day trading on Monday, reaching $154.15. The company's stock had a trading volume of 26,463 shares, compared to its average volume of 77,330. The business has a fifty day moving average of $143.52 and a 200 day moving average of $154.92. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 9.22 and a beta of 1.13. Willis Lease Finance Corporation has a 1 year low of $97.54 and a 1 year high of $235.43. The company has a quick ratio of 5.55, a current ratio of 5.98 and a debt-to-equity ratio of 4.53.
Willis Lease Finance (NASDAQ:WLFC - Get Free Report) last released its earnings results on Tuesday, August 5th. The transportation company reported $8.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.57 by $5.86. The company had revenue of $195.50 million during the quarter, compared to analyst estimates of $134.00 million. Willis Lease Finance had a return on equity of 21.75% and a net margin of 18.77%.
Willis Lease Finance Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. Willis Lease Finance's dividend payout ratio is presently 5.95%.
Insider Buying and Selling
In other news, Chairman Charles F. Iv Willis sold 30,000 shares of Willis Lease Finance stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $155.02, for a total transaction of $4,650,600.00. Following the completion of the sale, the chairman directly owned 957,046 shares in the company, valued at $148,361,270.92. The trade was a 3.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Brian Richard Hole sold 9,142 shares of Willis Lease Finance stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $150.13, for a total value of $1,372,488.46. Following the sale, the president owned 89,640 shares of the company's stock, valued at approximately $13,457,653.20. This represents a 9.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 81,053 shares of company stock worth $11,814,949. Corporate insiders own 57.02% of the company's stock.
Willis Lease Finance Profile
(
Free Report)
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.
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