Willis Lease Finance Co. (NASDAQ:WLFC) CEO Sells $544,479.00 in Stock

Willis Lease Finance Co. (NASDAQ:WLFC) CEO Austin Chandler Willis sold 3,450 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $157.82, for a total value of $544,479.00. Following the sale, the chief executive officer now owns 206,644 shares in the company, valued at approximately $32,612,556.08. The trade was a 1.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Austin Chandler Willis also recently made the following trade(s):

• On Monday, March 3rd, Austin Chandler Willis sold 3,450 shares of Willis Lease Finance stock. The shares were sold at an average price of $204.14, for a total value of $704,283.00.

Willis Lease Finance Stock Performance

Shares of WLFC stock opened at $135.52 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 3.84. Willis Lease Finance Co. has a 52 week low of $48.10 and a 52 week high of $235.43. The firm has a 50 day moving average of $183.23 and a 200-day moving average of $187.95. The company has a market cap of $895.25 million, a price-to-earnings ratio of 9.60 and a beta of 1.11.

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

Willis Lease Finance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Wednesday, February 12th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Wednesday, February 12th. Willis Lease Finance’s dividend payout ratio (DPR) is currently 6.50%.

Institutional Investors Weigh In On Willis Lease Finance

Hedge funds have recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. raised its position in shares of Willis Lease Finance by 27.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 298 shares of the transportation company’s stock worth $62,000 after purchasing an additional 64 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Willis Lease Finance during the 4th quarter valued at $104,000. Lazard Asset Management LLC raised its holdings in Willis Lease Finance by 16.9% during the fourth quarter. Lazard Asset Management LLC now owns 643 shares of the transportation company’s stock worth $133,000 after buying an additional 93 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Willis Lease Finance by 780.8% in the fourth quarter. Russell Investments Group Ltd. now owns 687 shares of the transportation company’s stock valued at $143,000 after buying an additional 609 shares in the last quarter. Finally, Truist Financial Corp acquired a new position in shares of Willis Lease Finance during the fourth quarter valued at about $208,000. Institutional investors and hedge funds 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.