Insider Selling: Willis Lease Finance Co. (NASDAQ:WLFC) CFO Sells 5,000 Shares of Stock

Willis Lease Finance Co. (NASDAQ:WLFC) 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 transaction of $1,000,950.00. Following the completion of the transaction, the chief financial officer now directly owns 74,955 shares of the company’s stock, valued at approximately $15,005,241.45. This trade represents a 6.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Willis Lease Finance Stock Down 1.4 %

NASDAQ WLFC opened at $198.16 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. The company has a fifty day moving average of $165.11 and a two-hundred day moving average of $107.88. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 14.04 and a beta of 1.06. Willis Lease Finance Co. has a 52 week low of $44.07 and a 52 week high of $235.43.

Willis Lease Finance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Tuesday, November 12th. Willis Lease Finance’s payout ratio is 7.09%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WLFC. Pekin Hardy Strauss Inc. purchased a new position in Willis Lease Finance during the third quarter worth $4,136,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Willis Lease Finance by 173.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 22,990 shares of the transportation company’s stock valued at $3,421,000 after purchasing an additional 14,590 shares during the period. Empowered Funds LLC boosted its stake in shares of Willis Lease Finance by 39.4% during the third quarter. Empowered Funds LLC now owns 33,008 shares of the transportation company’s stock valued at $4,912,000 after purchasing an additional 9,326 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Willis Lease Finance by 48.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,663 shares of the transportation company’s stock valued at $2,628,000 after purchasing an additional 5,731 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Willis Lease Finance during the third quarter valued at $531,000. 93.70% of the stock is owned by hedge funds and other institutional investors.

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.