Willis Lease Finance Corporation (NASDAQ:WLFC) President Brian Richard Hole Sells 120 Shares

Key Points

• Willis Lease Finance Corporation President, Brian Richard Hole, sold a total of 120 shares on August 7th for $150 each, resulting in a transaction value of $18,000.
• The company recently declared a quarterly dividend of $0.25 per share, which will be paid on August 21st, representing an annualized dividend of $1.00 and a yield of 0.7%.
• In its latest earnings report, Willis Lease Finance surpassed expectations with earnings per share of $8.43 compared to the consensus estimate of $2.57, alongside a revenue of $195.50 million.

Willis Lease Finance Corporation (NASDAQ:WLFC - Get Free Report) President Brian Richard Hole sold 120 shares of Willis Lease Finance stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $150.00, for a total transaction of $18,000.00. Following the completion of the sale, the president owned 99,382 shares in the company, valued at $14,907,300. This trade represents a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, August 11th, Brian Richard Hole sold 9,142 shares of Willis Lease Finance stock. The shares were sold at an average price of $150.13, for a total transaction of $1,372,488.46.
• On Friday, August 8th, Brian Richard Hole sold 600 shares of Willis Lease Finance stock. The shares were sold at an average price of $150.17, for a total transaction of $90,102.00.
• On Wednesday, August 6th, Brian Richard Hole sold 1,296 shares of Willis Lease Finance stock. The shares were sold at an average price of $150.51, for a total transaction of $195,060.96.
• On Friday, June 27th, Brian Richard Hole sold 7,295 shares of Willis Lease Finance stock. The shares were sold at an average price of $145.16, for a total transaction of $1,058,942.20.
• 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 shares were sold at an average price of $131.49, for a total transaction of $369,092.43.

Willis Lease Finance Stock Up 2.6%

Shares of NASDAQ:WLFC traded up $4.18 during midday trading on Wednesday, hitting $164.36. The stock had a trading volume of 13,753 shares, compared to its average volume of 77,417. Willis Lease Finance Corporation has a 12 month low of $92.03 and a 12 month 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. The business's 50-day simple moving average is $142.22 and its 200-day simple moving average is $155.72. The company has a market cap of $1.12 billion, a P/E ratio of 9.77 and a beta of 1.13.

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 for the quarter, beating the consensus estimate of $2.57 by $5.86. Willis Lease Finance had a net margin of 18.77% and a return on equity of 21.75%. The business had revenue of $195.50 million during the quarter, compared to analysts' expectations of $134.00 million.

Willis Lease Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, August 12th. Willis Lease Finance's payout ratio is 5.95%.

Hedge Funds Weigh In On Willis Lease Finance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. M3F Inc. boosted its position in Willis Lease Finance by 6.0% during the first quarter. M3F Inc. now owns 534,261 shares of the transportation company's stock worth $84,397,000 after purchasing an additional 30,032 shares during the period. Dimensional Fund Advisors LP boosted its position in Willis Lease Finance by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 511,472 shares of the transportation company's stock worth $106,154,000 after purchasing an additional 17,500 shares during the period. Vanguard Group Inc. boosted its position in Willis Lease Finance by 7.3% during the first quarter. Vanguard Group Inc. now owns 152,536 shares of the transportation company's stock worth $24,096,000 after purchasing an additional 10,436 shares during the period. Four Tree Island Advisory LLC boosted its position in Willis Lease Finance by 23.6% during the first quarter. Four Tree Island Advisory LLC now owns 96,900 shares of the transportation company's stock worth $15,307,000 after purchasing an additional 18,519 shares during the period. Finally, Geode Capital Management LLC boosted its position in Willis Lease Finance by 16.6% during the second quarter. Geode Capital Management LLC now owns 82,607 shares of the transportation company's stock worth $11,796,000 after purchasing an additional 11,745 shares during the period. 93.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

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.

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.