Willis Lease Finance Co. (NASDAQ:WLFC) Director Sells $97,160.00 in Stock

Willis Lease Finance Co. (NASDAQ:WLFC) Director Rae Ann Mckeating sold 500 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $194.32, for a total value of $97,160.00. Following the transaction, the director now owns 16,500 shares of the company’s stock, valued at $3,206,280. This represents a 2.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Willis Lease Finance Price Performance

NASDAQ:WLFC opened at $191.10 on Wednesday. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 13.54 and a beta of 1.06. Willis Lease Finance Co. has a 1 year low of $44.07 and a 1 year high of $235.43. The business has a 50 day simple moving average of $168.53 and a 200-day simple moving average of $110.21. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 12th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Tuesday, November 12th. Willis Lease Finance’s payout ratio is 7.09%.

Institutional Investors Weigh In On Willis Lease Finance

Institutional investors have recently modified their holdings of the stock. Empowered Funds LLC lifted its stake in shares of Willis Lease Finance by 39.4% in the 3rd 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 last quarter. Ritholtz Wealth Management bought a new stake in shares of Willis Lease Finance in the 3rd quarter valued at approximately $312,000. Bank of New York Mellon Corp lifted its stake in shares of Willis Lease Finance by 6.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 19,732 shares of the transportation company’s stock valued at $1,367,000 after purchasing an additional 1,187 shares during the last quarter. Nisa Investment Advisors LLC bought a new stake in shares of Willis Lease Finance in the 2nd quarter valued at approximately $69,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Willis Lease Finance by 14.0% in the 1st 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 owned by institutional investors.

Analysts Set New Price Targets

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

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.