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

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

Willis Lease Finance Price Performance

WLFC traded up $2.10 during midday trading on Friday, reaching $145.50. 286,899 shares of the company's stock were exchanged, compared to its average volume of 42,064. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 10.31 and a beta of 1.05. 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 Co. has a one year low of $58.63 and a one year high of $235.43. The business has a 50-day simple moving average of $140.46 and a two-hundred day simple moving average of $176.81.

Willis Lease Finance (NASDAQ:WLFC - Get Free Report) last announced its quarterly 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 business had revenue of $157.73 million for the quarter, compared to the consensus estimate of $149.00 million. Willis Lease Finance had a return on equity of 20.62% and a net margin of 18.56%.

Willis Lease Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Monday, May 12th. Willis Lease Finance's dividend payout ratio is 6.85%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WLFC. Bleakley Financial Group LLC bought a new position in Willis Lease Finance during the fourth quarter worth about $297,000. Empowered Funds LLC increased its holdings in shares of Willis Lease Finance by 4.9% during the fourth quarter. Empowered Funds LLC now owns 34,628 shares of the transportation company's stock worth $7,187,000 after buying an additional 1,620 shares in the last quarter. Four Tree Island Advisory LLC acquired a new stake in shares of Willis Lease Finance during the fourth quarter worth approximately $16,268,000. Rhumbline Advisers increased its holdings in shares of Willis Lease Finance by 5.5% during the fourth quarter. Rhumbline Advisers now owns 7,073 shares of the transportation company's stock worth $1,468,000 after buying an additional 371 shares in the last quarter. Finally, Truist Financial Corp acquired a new stake in shares of Willis Lease Finance during the fourth quarter worth approximately $208,000. Institutional investors own 93.70% 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.