Scott B. Flaherty Sells 1,539 Shares of Willis Lease Finance Co. (NASDAQ:WLFC) Stock

Willis Lease Finance Co. (NASDAQ:WLFC) EVP Scott B. Flaherty sold 1,539 shares of Willis Lease Finance stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $170.90, for a total transaction of $263,015.10. Following the sale, the executive vice president now directly owns 69,296 shares of the company’s stock, valued at $11,842,686.40. This represents a 2.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Willis Lease Finance Trading Down 4.5 %

NASDAQ:WLFC opened at $160.16 on Friday. 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 50-day simple moving average of $187.50 and a 200-day simple moving average of $186.60. Willis Lease Finance Co. has a one year low of $48.10 and a one year high of $235.43. The firm has a market cap of $1.06 billion, a P/E ratio of 11.35 and a beta of 1.11.

Willis Lease Finance (NASDAQ:WLFC) last posted its earnings results on Monday, March 10th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.92. Willis Lease Finance had a return on equity of 20.62% and a net margin of 18.56%. The company had revenue of $152.80 million for the quarter, compared to analyst estimates of $145.54 million.

Willis Lease Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.62%. Willis Lease Finance’s dividend payout ratio is presently 6.50%.

Institutional Trading of Willis Lease Finance

Institutional investors have recently made changes to their positions in the business. Summit Investment Advisors Inc. raised its stake in Willis Lease Finance by 27.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 298 shares of the transportation company’s stock valued at $62,000 after buying an additional 64 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Willis Lease Finance by 4.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,622 shares of the transportation company’s stock valued at $337,000 after acquiring an additional 66 shares in the last quarter. Nuveen Asset Management LLC raised its position in shares of Willis Lease Finance by 1.5% in the 4th quarter. Nuveen Asset Management LLC now owns 5,783 shares of the transportation company’s stock valued at $1,200,000 after purchasing an additional 83 shares during the last quarter. Lazard Asset Management LLC boosted its stake in Willis Lease Finance by 16.9% in the 4th quarter. Lazard Asset Management LLC now owns 643 shares of the transportation company’s stock worth $133,000 after purchasing an additional 93 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Willis Lease Finance by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,188 shares of the transportation company’s stock worth $4,813,000 after purchasing an additional 198 shares during the last quarter. Institutional investors and hedge funds 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.