Insider Selling: Willis Lease Finance Co. (NASDAQ:WLFC) Insider Sells 1,378 Shares of Stock

Willis Lease Finance Co. (NASDAQ:WLFC) insider Robert J. Keady sold 1,378 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $106.66, for a total value of $146,977.48. Following the completion of the sale, the insider now owns 7,119 shares of the company’s stock, valued at $759,312.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Willis Lease Finance Stock Performance

Shares of Willis Lease Finance stock opened at $101.13 on Friday. The stock has a market cap of $665.44 million, a price-to-earnings ratio of 11.65 and a beta of 1.07. Willis Lease Finance Co. has a twelve month low of $39.50 and a twelve month high of $114.41. The company’s fifty day moving average is $88.94 and its 200 day moving average is $66.78. The company has a quick ratio of 1.28, a current ratio of 1.80 and a debt-to-equity ratio of 3.95.

Willis Lease Finance (NASDAQ:WLFC) last released its quarterly earnings results on Thursday, August 1st. The transportation company reported $6.21 EPS for the quarter. Willis Lease Finance had a return on equity of 19.51% and a net margin of 18.16%. The firm had revenue of $151.12 million for the quarter.

Willis Lease Finance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Monday, August 12th. Willis Lease Finance’s dividend payout ratio is presently 11.52%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers increased its position in shares of Willis Lease Finance by 4.0% during the second quarter. Rhumbline Advisers now owns 6,691 shares of the transportation company’s stock worth $464,000 after buying an additional 259 shares during the period. ProShare Advisors LLC acquired a new position in Willis Lease Finance in the second quarter valued at $27,000. BNP Paribas Financial Markets boosted its position in Willis Lease Finance by 14.0% during the first quarter. BNP Paribas Financial Markets now owns 4,887 shares of the transportation company’s stock valued at $242,000 after acquiring an additional 599 shares during the last quarter. Innealta Capital LLC acquired a new stake in Willis Lease Finance during the 2nd quarter worth about $44,000. Finally, Vanguard Group Inc. raised its position in shares of Willis Lease Finance by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 104,869 shares of the transportation company’s stock worth $5,204,000 after acquiring an additional 865 shares in the last quarter. Institutional investors and hedge funds own 93.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Willis Lease Finance from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st.

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.