Willis Lease Finance Co. (NASDAQ:WLFC) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its stake in Willis Lease Finance Co. (NASDAQ:WLFC) by 54.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,120 shares of the transportation company’s stock after selling 2,540 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Willis Lease Finance were worth $315,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WLFC. BNP Paribas Financial Markets increased its holdings 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. Vanguard Group Inc. increased its holdings in shares of Willis Lease Finance by 0.8% in the first quarter. Vanguard Group Inc. now owns 104,869 shares of the transportation company’s stock valued at $5,204,000 after purchasing an additional 865 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Willis Lease Finance in the first quarter valued at approximately $114,000. Nisa Investment Advisors LLC acquired a new stake in shares of Willis Lease Finance in the second quarter valued at approximately $69,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Willis Lease Finance by 6.4% in the second 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. Institutional investors and hedge funds own 93.70% of the company’s stock.

Insider Buying and Selling

In other news, CFO Scott B. Flaherty sold 1,742 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $109.22, for a total transaction of $190,261.24. Following the completion of the transaction, the chief financial officer now directly owns 93,213 shares in the company, valued at $10,180,723.86. This trade represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Charles F. Iv Willis sold 6,483 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $110.48, for a total value of $716,241.84. Following the transaction, the chairman now owns 942,050 shares of the company’s stock, valued at approximately $104,077,684. This represents a 0.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 56,673 shares of company stock worth $8,506,302. Company insiders own 57.02% of the company’s stock.

Analysts Set New Price Targets

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

Willis Lease Finance Trading Down 1.4 %

Shares of Willis Lease Finance stock opened at $198.16 on Monday. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 14.04 and a beta of 1.06. Willis Lease Finance Co. has a fifty-two week low of $44.07 and a fifty-two week high of $235.43. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.76 and a current ratio of 1.16. The stock has a 50 day moving average of $165.11 and a 200 day moving average of $108.29.

Willis Lease Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 12th will be given a $0.25 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $1.00 annualized dividend and a yield of 0.50%. Willis Lease Finance’s payout ratio is 7.09%.

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.