Austin Chandler Willis Sells 3,450 Shares of Willis Lease Finance Co. (NASDAQ:WLFC) Stock

Willis Lease Finance Co. (NASDAQ:WLFC) CEO Austin Chandler Willis sold 3,450 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $157.82, for a total value of $544,479.00. Following the completion of the transaction, the chief executive officer now directly owns 206,644 shares of the company’s stock, valued at approximately $32,612,556.08. The trade was a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Austin Chandler Willis also recently made the following trade(s):

• On Monday, March 3rd, Austin Chandler Willis sold 3,450 shares of Willis Lease Finance stock. The shares were sold at an average price of $204.14, for a total transaction of $704,283.00.

Willis Lease Finance Stock Down 5.6 %

Shares of WLFC stock traded down $8.98 on Thursday, hitting $151.59. 48,040 shares of the stock were exchanged, compared to its average volume of 31,144. The business has a 50-day moving average of $185.26 and a 200 day moving average of $188.11. Willis Lease Finance Co. has a fifty-two week low of $48.10 and a fifty-two week high of $235.43. The firm has a market capitalization of $1.00 billion, a P/E ratio of 10.74 and a beta of 1.11. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 3.84.

Willis Lease Finance (NASDAQ:WLFC) last posted its quarterly earnings data on Monday, March 10th. The transportation company reported $2.81 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.92. The company had revenue of $152.80 million during the quarter, compared to the consensus estimate of $145.54 million. Willis Lease Finance had a net margin of 18.56% and a return on equity of 20.62%.

Willis Lease Finance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.66%. Willis Lease Finance’s dividend payout ratio is presently 6.50%.

Institutional Trading of Willis Lease Finance

Several institutional investors and hedge funds have recently bought and sold shares of WLFC. Summit Investment Advisors Inc. boosted its stake in Willis Lease Finance by 27.4% in the 4th quarter. Summit Investment Advisors Inc. now owns 298 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 64 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Willis Lease Finance in the fourth quarter valued at approximately $104,000. Lazard Asset Management LLC grew its holdings in shares of Willis Lease Finance by 16.9% during the fourth quarter. Lazard Asset Management LLC now owns 643 shares of the transportation company’s stock worth $133,000 after purchasing an additional 93 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Willis Lease Finance by 780.8% in the fourth quarter. Russell Investments Group Ltd. now owns 687 shares of the transportation company’s stock worth $143,000 after purchasing an additional 609 shares during the last quarter. Finally, Truist Financial Corp bought a new position in shares of Willis Lease Finance during the fourth quarter worth about $208,000. Institutional investors own 93.70% of the company’s stock.

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.