Insider Selling: Willis Lease Finance Co. (NASDAQ:WLFC) Insider Sells $124,995.20 in Stock

Willis Lease Finance Co. (NASDAQ:WLFC) insider Robert J. Keady sold 1,340 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $93.28, for a total value of $124,995.20. Following the completion of the transaction, the insider now owns 18,368 shares of the company’s stock, valued at $1,713,367.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Willis Lease Finance Trading Up 2.4 %

Willis Lease Finance stock opened at $99.60 on Friday. Willis Lease Finance Co. has a 52 week low of $39.50 and a 52 week high of $103.08. The stock has a market capitalization of $655.37 million, a P/E ratio of 11.47 and a beta of 1.05. The stock has a 50-day simple moving average of $76.31 and a 200 day simple moving average of $61.13. The company has a debt-to-equity ratio of 3.95, a quick ratio of 1.28 and a current ratio of 1.80.

Willis Lease Finance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Monday, August 12th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Monday, August 12th. Willis Lease Finance’s dividend payout ratio (DPR) is presently 11.52%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Willis Lease Finance from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 8th.

Hedge Funds Weigh In On Willis Lease Finance

Institutional investors and hedge funds have recently modified their holdings of the stock. ProShare Advisors LLC bought a new position in shares of Willis Lease Finance in the second quarter valued at about $27,000. Innealta Capital LLC acquired a new position in Willis Lease Finance in the 2nd quarter valued at about $44,000. Nisa Investment Advisors LLC bought a new position in Willis Lease Finance in the 2nd quarter valued at about $69,000. Hillsdale Investment Management Inc. bought a new stake in shares of Willis Lease Finance during the first quarter worth approximately $114,000. Finally, BNP Paribas Financial Markets grew its position in shares of Willis Lease Finance by 14.0% in the first quarter. BNP Paribas Financial Markets now owns 4,887 shares of the transportation company’s stock valued at $242,000 after purchasing an additional 599 shares during the last quarter. 93.70% of the stock is currently owned by institutional investors and hedge funds.

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.