Willis Lease Finance Co. (NASDAQ:WLFC - Get Free Report) EVP Scott B. Flaherty sold 1,539 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $170.90, for a total value of $263,015.10. Following the completion of the transaction, the executive vice president now directly owns 69,296 shares in the company, valued at approximately $11,842,686.40. The trade was a 2.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Willis Lease Finance Stock Performance
NASDAQ:WLFC opened at $170.46 on Thursday. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 12.08 and a beta of 1.11. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.16 and a quick ratio of 0.76. Willis Lease Finance Co. has a 1-year low of $48.10 and a 1-year high of $235.43. The firm's fifty day moving average price is $188.92 and its 200 day moving average price is $186.34.
Willis Lease Finance (NASDAQ:WLFC - Get Free Report) last posted its quarterly earnings results on Monday, March 10th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $145.54 million.
Willis Lease Finance Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Wednesday, February 12th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Wednesday, February 12th. Willis Lease Finance's payout ratio is 6.50%.
Hedge Funds Weigh In On Willis Lease Finance
Institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its position in 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 worth $3,421,000 after buying an additional 14,590 shares during the period. State Street Corp increased its stake in Willis Lease Finance by 7.6% in the 3rd quarter. State Street Corp now owns 39,926 shares of the transportation company's stock valued at $5,941,000 after purchasing an additional 2,805 shares in the last quarter. Jane Street Group LLC purchased a new position in Willis Lease Finance in the 3rd quarter valued at approximately $531,000. Barclays PLC boosted its position in Willis Lease Finance by 221.7% during the third quarter. Barclays PLC now owns 3,738 shares of the transportation company's stock worth $556,000 after purchasing an additional 2,576 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Willis Lease Finance by 2.9% in the third quarter. Geode Capital Management LLC now owns 67,021 shares of the transportation company's stock valued at $9,975,000 after purchasing an additional 1,886 shares during the last quarter. 93.70% of the stock is owned by institutional investors and hedge funds.
About Willis Lease Finance
(
Get Free Report)
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.
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