Insider Selling: Willis Lease Finance Co. (NASDAQ:WLFC) EVP Sells $263,015.10 in Stock

Willis Lease Finance Co. (NASDAQ:WLFC) EVP Scott B. Flaherty sold 1,539 shares of the business’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $170.90, for a total transaction of $263,015.10. Following the completion of the sale, the executive vice president now owns 69,296 shares in the company, valued at approximately $11,842,686.40. This trade represents a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Willis Lease Finance Trading Down 4.5 %

WLFC opened at $160.16 on Friday. The stock has a 50-day moving average of $187.50 and a 200 day moving average of $186.60. 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 Co. has a 12 month low of $48.10 and a 12 month high of $235.43. The firm has a market cap of $1.06 billion, a P/E ratio of 11.35 and a beta of 1.11.

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

Willis Lease Finance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Wednesday, February 12th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Wednesday, February 12th. Willis Lease Finance’s dividend payout ratio is currently 6.50%.

Hedge Funds Weigh In On Willis Lease Finance

Large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in Willis Lease Finance by 173.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 22,990 shares of the transportation company’s stock worth $3,421,000 after purchasing an additional 14,590 shares during the last quarter. State Street Corp raised its holdings in shares of Willis Lease Finance by 7.6% in the third quarter. State Street Corp now owns 39,926 shares of the transportation company’s stock worth $5,941,000 after buying an additional 2,805 shares during the period. Jane Street Group LLC bought a new stake in shares of Willis Lease Finance during the 3rd quarter worth approximately $531,000. Barclays PLC boosted its holdings in Willis Lease Finance by 221.7% during the 3rd quarter. Barclays PLC now owns 3,738 shares of the transportation company’s stock valued at $556,000 after acquiring an additional 2,576 shares during the period. Finally, Geode Capital Management LLC grew its position in Willis Lease Finance by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 67,021 shares of the transportation company’s stock valued at $9,975,000 after acquiring an additional 1,886 shares during the last quarter. 93.70% of the stock is owned by hedge funds and other institutional investors.

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.