Willis Lease Finance Co. (NASDAQ:WLFC) Chairman Sells $1,208,112.50 in Stock

Willis Lease Finance Co. (NASDAQ:WLFC - Get Free Report) Chairman Charles F. Iv Willis sold 8,750 shares of Willis Lease Finance stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $138.07, for a total value of $1,208,112.50. Following the completion of the transaction, the chairman now owns 998,296 shares in the company, valued at $137,834,728.72. This trade represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Willis Lease Finance Price Performance

NASDAQ:WLFC traded up $0.17 during trading hours on Friday, hitting $143.57. The company's stock had a trading volume of 125,843 shares, compared to its average volume of 41,355. Willis Lease Finance Co. has a 52-week low of $58.63 and a 52-week high of $235.43. 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's 50-day moving average is $140.69 and its two-hundred day moving average is $177.39. The company has a market capitalization of $1.10 billion, a PE ratio of 10.16 and a beta of 1.05.

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

Willis Lease Finance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.70%. Willis Lease Finance's payout ratio is 6.85%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bleakley Financial Group LLC acquired a new position in Willis Lease Finance during the fourth quarter worth about $297,000. Empowered Funds LLC lifted its stake in Willis Lease Finance by 4.9% in the 4th quarter. Empowered Funds LLC now owns 34,628 shares of the transportation company's stock valued at $7,187,000 after buying an additional 1,620 shares in the last quarter. Four Tree Island Advisory LLC acquired a new stake in Willis Lease Finance during the 4th quarter valued at $16,268,000. Rhumbline Advisers increased its position in 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 purchased a new position in Willis Lease Finance during the fourth quarter worth $208,000. Institutional investors and hedge funds own 93.70% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Willis Lease Finance from a "buy" rating to a "hold" rating in a report 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.