Insider Selling: Willis Lease Finance Co. (NASDAQ:WLFC) CFO Sells 400 Shares of Stock

Willis Lease Finance Co. (NASDAQ:WLFC - Get Free Report) CFO Scott B. Flaherty sold 400 shares of the business's stock in a transaction on Friday, April 5th. The stock was sold at an average price of $50.08, for a total value of $20,032.00. Following the transaction, the chief financial officer now directly owns 112,853 shares of the company's stock, valued at $5,651,678.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Willis Lease Finance Stock Performance

NASDAQ WLFC remained flat at $49.63 during trading on Tuesday. The company's stock had a trading volume of 3,271 shares, compared to its average volume of 8,414. The firm has a market cap of $340.41 million, a PE ratio of 7.97 and a beta of 1.01. The company has a debt-to-equity ratio of 4.11, a quick ratio of 1.88 and a current ratio of 2.22. The stock has a 50-day simple moving average of $48.79 and a 200 day simple moving average of $46.52. Willis Lease Finance Co. has a 12 month low of $37.01 and a 12 month high of $59.99.

Willis Lease Finance (NASDAQ:WLFC - Get Free Report) last announced its quarterly earnings results on Wednesday, March 13th. The transportation company reported $1.53 earnings per share (EPS) for the quarter. The company had revenue of $114.28 million during the quarter. Willis Lease Finance had a return on equity of 10.34% and a net margin of 10.46%.

Institutional Trading of Willis Lease Finance

A number of institutional investors have recently bought and sold shares of WLFC. BlackRock Inc. lifted its holdings in Willis Lease Finance by 277.8% during the 2nd quarter. BlackRock Inc. now owns 154,312 shares of the transportation company's stock worth $6,038,000 after buying an additional 113,471 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Willis Lease Finance by 24,871.5% in the 4th quarter. Morgan Stanley now owns 39,455 shares of the transportation company's stock valued at $2,328,000 after purchasing an additional 39,297 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Willis Lease Finance by 101.8% in the 2nd quarter. Geode Capital Management LLC now owns 53,480 shares of the transportation company's stock valued at $2,093,000 after purchasing an additional 26,985 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Willis Lease Finance by 274.6% in the 2nd quarter. Millennium Management LLC now owns 31,435 shares of the transportation company's stock valued at $1,178,000 after purchasing an additional 23,043 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Willis Lease Finance by 256.5% in the 2nd quarter. State Street Corp now owns 29,657 shares of the transportation company's stock valued at $1,160,000 after purchasing an additional 21,339 shares during the last quarter. 93.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on WLFC shares. TheStreet cut Willis Lease Finance from a "c-" rating to a "d" rating in a research note on Wednesday, March 13th. StockNews.com raised Willis Lease Finance from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 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.