Bridgeway Capital Management LLC Lowers Holdings in Willis Lease Finance Co. (NASDAQ:WLFC)

Bridgeway Capital Management LLC cut its position in shares of Willis Lease Finance Co. (NASDAQ:WLFC - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,565 shares of the transportation company's stock after selling 2,343 shares during the period. Bridgeway Capital Management LLC owned approximately 1.11% of Willis Lease Finance worth $15,268,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Summit Investment Advisors Inc. boosted its position in shares of Willis Lease Finance by 27.4% during the 4th quarter. Summit Investment Advisors Inc. now owns 298 shares of the transportation company's stock valued at $62,000 after acquiring an additional 64 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Willis Lease Finance during the fourth quarter valued at $104,000. Russell Investments Group Ltd. lifted its position in Willis Lease Finance by 780.8% during the fourth quarter. Russell Investments Group Ltd. now owns 687 shares of the transportation company's stock valued at $143,000 after purchasing an additional 609 shares during the last quarter. Truist Financial Corp purchased a new position in shares of Willis Lease Finance in the 4th quarter worth $208,000. Finally, Rangeley Capital LLC bought a new stake in shares of Willis Lease Finance in the 4th quarter worth about $208,000. Hedge funds and other institutional investors own 93.70% of the company's stock.

Insider Activity

In related news, CEO Austin Chandler Willis sold 3,450 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $204.14, for a total transaction of $704,283.00. Following the completion of the sale, the chief executive officer now directly owns 158,034 shares of the company's stock, valued at approximately $32,261,060.76. This trade represents a 2.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott B. Flaherty sold 1,539 shares of the company's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $170.90, for a total value of $263,015.10. Following the completion of the transaction, the executive vice president now directly owns 69,296 shares in the company, valued at $11,842,686.40. This trade represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,465 shares of company stock valued at $2,439,074. 57.02% of the stock is currently owned by company insiders.

Willis Lease Finance Price Performance

Shares of NASDAQ WLFC traded up $3.59 during mid-day trading on Friday, hitting $139.74. 52,612 shares of the company's stock traded hands, compared to its average volume of 35,423. The company has a market capitalization of $1.07 billion, a P/E ratio of 9.90 and a beta of 1.13. Willis Lease Finance Co. has a 1 year low of $58.63 and a 1 year high of $235.43. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.16 and a quick ratio of 0.76. The company's 50-day moving average is $155.16 and its two-hundred day moving average is $184.95.

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

Willis Lease Finance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Monday, May 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 0.72%. The ex-dividend date of this dividend is Monday, May 12th. Willis Lease Finance's dividend payout ratio (DPR) is 6.50%.

Willis Lease Finance Company Profile

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.