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 firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $157.82, for a total transaction of $544,479.00. Following the completion of the sale, the chief executive officer now owns 206,644 shares in the company, valued at $32,612,556.08. This represents a 1.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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 value of $704,283.00.

Willis Lease Finance Price Performance

Shares of WLFC opened at $135.52 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 3.84. The stock has a market cap of $895.25 million, a PE ratio of 9.60 and a beta of 1.11. Willis Lease Finance Co. has a 12-month low of $48.10 and a 12-month high of $235.43. The business has a 50-day simple moving average of $183.23 and a two-hundred day simple moving average of $187.95.

Willis Lease Finance (NASDAQ:WLFC) last released its quarterly earnings data on Monday, March 10th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $152.80 million during the quarter, compared to the consensus estimate of $145.54 million.

Willis Lease Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.74%. Willis Lease Finance’s dividend payout ratio (DPR) is presently 6.50%.

Institutional Trading of Willis Lease Finance

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

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.