Willis Lease Finance Corporation (NASDAQ:WLFC) President Brian Richard Hole Sells 1,296 Shares

Key Points

• Willis Lease Finance Corporation President Brian Richard Hole sold a total of $195,060.96 in stock, reducing his position by 1.29%, while still retaining 99,502 shares valued at nearly $15 million.
• The company recently reported $8.43 earnings per share (EPS) for the quarter, exceeding analyst expectations by $5.86, with a revenue of $195.50 million compared to estimates of $134 million.
• Willis Lease Finance declared a quarterly dividend of $0.25, resulting in a 0.7% yield, with an ex-dividend date of August 12th.

Willis Lease Finance Corporation (NASDAQ:WLFC - Get Free Report) President Brian Richard Hole sold 1,296 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $150.51, for a total value of $195,060.96. Following the transaction, the president directly owned 99,502 shares in the company, valued at $14,976,046.02. This trade represents a 1.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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 stock was sold at an average price of $150.13, for a total value 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 value of $90,102.00.
• On Thursday, August 7th, Brian Richard Hole sold 120 shares of Willis Lease Finance stock. The shares were sold at an average price of $150.00, for a total value of $18,000.00.
• 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 value 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 value 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 value of $369,092.43.

Willis Lease Finance Stock Performance

WLFC stock traded up $4.18 during trading hours on Wednesday, hitting $164.36. 13,753 shares of the stock were exchanged, compared to its average volume of 77,417. The company has a current ratio of 5.98, a quick ratio of 5.55 and a debt-to-equity ratio of 4.53. The firm has a market capitalization of $1.12 billion, a P/E ratio of 9.77 and a beta of 1.13. The company has a 50-day simple moving average of $142.22 and a two-hundred day simple moving average of $155.72. Willis Lease Finance Corporation has a 12 month low of $92.03 and a 12 month high of $235.43.

Willis Lease Finance (NASDAQ:WLFC - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The transportation company reported $8.43 earnings per share for the quarter, topping the consensus estimate of $2.57 by $5.86. The firm had revenue of $195.50 million for the quarter, compared to analysts' expectations of $134.00 million. Willis Lease Finance had a return on equity of 21.75% and a net margin of 18.77%.

Willis Lease Finance Dividend Announcement

The company 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. The ex-dividend date is Tuesday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.6%. Willis Lease Finance's dividend payout ratio (DPR) is presently 5.95%.

Analyst Ratings Changes

Separately, Wall Street Zen cut Willis Lease Finance from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in WLFC. KLP Kapitalforvaltning AS bought a new position in Willis Lease Finance during the 4th quarter worth $104,000. Vanguard Group Inc. grew its holdings in shares of Willis Lease Finance by 15.5% during the 4th quarter. Vanguard Group Inc. now owns 142,100 shares of the transportation company's stock worth $29,493,000 after purchasing an additional 19,078 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Willis Lease Finance by 147.9% during the 4th quarter. JPMorgan Chase & Co. now owns 4,289 shares of the transportation company's stock worth $890,000 after purchasing an additional 2,559 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Willis Lease Finance by 102.9% during the 4th quarter. Alliancebernstein L.P. now owns 2,820 shares of the transportation company's stock worth $585,000 after purchasing an additional 1,430 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Willis Lease Finance during the 4th quarter worth $419,000. Institutional investors own 93.70% of the company's stock.

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.