Willis Lease Finance (NASDAQ:WLFC - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.
Willis Lease Finance Stock Up 0.7%
NASDAQ:WLFC traded up $0.98 during trading hours on Wednesday, reaching $135.59. 38,654 shares of the company traded hands, compared to its average volume of 73,136. The business's 50-day moving average price is $147.05 and its two-hundred day moving average price is $144.26. The stock has a market capitalization of $923.33 million, a P/E ratio of 8.05 and a beta of 1.06. Willis Lease Finance has a 1 year low of $124.90 and a 1 year high of $235.43. The company has a current ratio of 5.98, a quick ratio of 5.55 and a debt-to-equity ratio of 4.53.
Willis Lease Finance (NASDAQ:WLFC - Get Free Report) last announced its quarterly earnings data 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. Willis Lease Finance had a return on equity of 21.75% and a net margin of 18.77%.The business had revenue of $195.50 million during the quarter, compared to analysts' expectations of $134.00 million.
Insider Activity at Willis Lease Finance
In other news, CEO Austin Chandler Willis sold 3,400 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $145.15, for a total value of $493,510.00. Following the completion of the transaction, the chief executive officer owned 189,463 shares in the company, valued at $27,500,554.45. The trade was a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Brian Richard Hole sold 9,142 shares of the business's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $150.13, for a total value of $1,372,488.46. Following the completion of the transaction, the president owned 89,640 shares of the company's stock, valued at $13,457,653.20. This represents a 9.25% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,258 shares of company stock valued at $7,211,666. 57.02% of the stock is owned by insiders.
Institutional Trading of Willis Lease Finance
A number of hedge funds have recently bought and sold shares of WLFC. Orion Porfolio Solutions LLC purchased a new stake in Willis Lease Finance during the second quarter valued at $8,073,000. Jump Financial LLC purchased a new stake in Willis Lease Finance during the second quarter valued at $5,542,000. M3F Inc. increased its position in Willis Lease Finance by 6.1% during the second quarter. M3F Inc. now owns 566,941 shares of the transportation company's stock valued at $80,948,000 after acquiring an additional 32,680 shares during the last quarter. First Trust Advisors LP increased its position in Willis Lease Finance by 357.4% during the second quarter. First Trust Advisors LP now owns 40,289 shares of the transportation company's stock valued at $5,752,000 after acquiring an additional 31,480 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Willis Lease Finance by 951.4% during the second quarter. JPMorgan Chase & Co. now owns 27,346 shares of the transportation company's stock valued at $3,904,000 after acquiring an additional 24,745 shares during the last quarter. Hedge funds and other institutional investors own 93.70% of the company's stock.
About Willis Lease Finance
(
Get 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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