Willis Lease Finance (NASDAQ:WLFC) Shares Down 5.7% – Here’s What Happened

Willis Lease Finance Co. (NASDAQ:WLFC) shares fell 5.7% on Friday . The stock traded as low as $204.10 and last traded at $204.10. 10,951 shares traded hands during trading, a decline of 53% from the average session volume of 23,071 shares. The stock had previously closed at $216.45.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Willis Lease Finance from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th.

Willis Lease Finance Trading Down 2.6 %

The stock’s 50-day simple moving average is $194.47 and its 200-day simple moving average is $126.71. 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 firm has a market capitalization of $1.39 billion, a PE ratio of 15.34 and a beta of 1.09.

Willis Lease Finance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Tuesday, November 12th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend was Tuesday, November 12th. Willis Lease Finance’s dividend payout ratio is currently 7.09%.

Insider Activity at Willis Lease Finance

In other Willis Lease Finance news, Director Rae Ann Mckeating sold 500 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $194.32, for a total value of $97,160.00. Following the sale, the director now directly owns 16,500 shares of the company’s stock, valued at approximately $3,206,280. The trade was a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Scott B. Flaherty sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $200.19, for a total value of $1,000,950.00. Following the transaction, the chief financial officer now owns 74,955 shares of the company’s stock, valued at $15,005,241.45. The trade was a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,500 shares of company stock worth $5,164,310 over the last ninety days. 57.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WLFC. ProShare Advisors LLC bought a new stake in shares of Willis Lease Finance in the 2nd quarter worth $27,000. Innealta Capital LLC purchased a new stake in shares of Willis Lease Finance during the 2nd quarter valued at about $44,000. Nisa Investment Advisors LLC bought a new stake in shares of Willis Lease Finance in the second quarter worth approximately $69,000. SG Americas Securities LLC purchased a new position in shares of Willis Lease Finance during the third quarter valued at approximately $146,000. Finally, Franklin Resources Inc. purchased a new position in shares of Willis Lease Finance during the third quarter valued at approximately $283,000. Institutional investors own 93.70% of the company’s stock.

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.