Willis Lease Finance Co. (NASDAQ:WLFC) Chairman Charles F. Iv Willis Sells 11,250 Shares

Willis Lease Finance Co. (NASDAQ:WLFC - Get Free Report) Chairman Charles F. Iv Willis sold 11,250 shares of Willis Lease Finance stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $135.95, for a total value of $1,529,437.50. Following the completion of the transaction, the chairman now owns 987,046 shares of the company's stock, valued at approximately $134,188,903.70. This trade represents a 1.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Willis Lease Finance Price Performance

WLFC traded down $0.35 on Friday, reaching $143.05. The company had a trading volume of 106,052 shares, compared to its average volume of 41,263. Willis Lease Finance Co. has a 52-week low of $58.63 and a 52-week high of $235.43. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 10.05 and a beta of 1.05. 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 business has a 50 day simple moving average of $140.69 and a 200 day simple moving average of $177.39.

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

Willis Lease Finance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th were paid a $0.25 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.70%. Willis Lease Finance's dividend payout ratio (DPR) is currently 6.85%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Bleakley Financial Group LLC purchased a new position in Willis Lease Finance during the 4th quarter valued at about $297,000. Empowered Funds LLC raised its holdings in Willis Lease Finance by 4.9% in the fourth quarter. Empowered Funds LLC now owns 34,628 shares of the transportation company's stock worth $7,187,000 after purchasing an additional 1,620 shares in the last quarter. Four Tree Island Advisory LLC purchased a new position in Willis Lease Finance during the 4th quarter valued at about $16,268,000. Rhumbline Advisers grew its holdings in Willis Lease Finance by 5.5% in the fourth quarter. Rhumbline Advisers now owns 7,073 shares of the transportation company's stock worth $1,468,000 after purchasing an additional 371 shares during the period. Finally, Truist Financial Corp bought a new stake in shares of Willis Lease Finance in the 4th quarter worth approximately $208,000. 93.70% of the stock is owned by hedge funds and other 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 research note on Thursday, May 22nd.

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.