Insider Selling: Willis Lease Finance Co. (NASDAQ:WLFC) Director Sells 500 Shares of Stock

Willis Lease Finance Co. (NASDAQ:WLFC) Director Rae Ann Mckeating sold 500 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $194.32, for a total value of $97,160.00. Following the transaction, the director now directly owns 16,500 shares of the company’s stock, valued at $3,206,280. The trade was a 2.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Willis Lease Finance Price Performance

Shares of NASDAQ:WLFC traded up $1.35 during trading on Tuesday, hitting $191.10. 41,744 shares of the company’s stock were exchanged, compared to its average volume of 21,989. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 13.45 and a beta of 1.06. The business’s 50-day simple moving average is $166.82 and its 200 day simple moving average is $109.26. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.16 and a quick ratio of 0.76. Willis Lease Finance Co. has a 52-week low of $44.07 and a 52-week high of $235.43.

Willis Lease Finance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 12th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.52%. Willis Lease Finance’s dividend payout ratio is presently 7.09%.

Institutional Investors Weigh In On Willis Lease Finance

A number of large investors have recently modified their holdings of WLFC. Pekin Hardy Strauss Inc. acquired a new position in shares of Willis Lease Finance in the 3rd quarter valued at $4,136,000. Charles Schwab Investment Management Inc. raised its stake in shares of 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. Empowered Funds LLC lifted its holdings in shares of Willis Lease Finance by 39.4% during the third quarter. Empowered Funds LLC now owns 33,008 shares of the transportation company’s stock worth $4,912,000 after purchasing an additional 9,326 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in Willis Lease Finance by 48.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,663 shares of the transportation company’s stock valued at $2,628,000 after buying an additional 5,731 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Willis Lease Finance in the 3rd quarter worth approximately $531,000. Hedge funds and other institutional investors own 93.70% of the company’s stock.

Analysts Set New Price Targets

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

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.