Willis Lease Finance Co. (NASDAQ:WLFC) CFO Scott B. Flaherty Sells 1,742 Shares

Willis Lease Finance Co. (NASDAQ:WLFC) CFO Scott B. Flaherty sold 1,742 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $109.22, for a total value of $190,261.24. Following the completion of the transaction, the chief financial officer now directly owns 93,213 shares of the company’s stock, valued at approximately $10,180,723.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Willis Lease Finance Trading Up 0.4 %

WLFC stock opened at $109.23 on Wednesday. Willis Lease Finance Co. has a 1-year low of $39.50 and a 1-year high of $114.41. The firm has a market cap of $718.73 million, a P/E ratio of 12.58 and a beta of 1.05. The business’s 50 day moving average is $82.98 and its 200-day moving average is $64.27. The company has a current ratio of 1.80, a quick ratio of 1.28 and a debt-to-equity ratio of 3.95.

Willis Lease Finance (NASDAQ:WLFC) last released its quarterly earnings data on Thursday, August 1st. The transportation company reported $6.21 earnings per share for the quarter. Willis Lease Finance had a return on equity of 19.51% and a net margin of 18.16%. The company had revenue of $151.12 million for the quarter.

Willis Lease Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were paid a $0.25 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.92%. Willis Lease Finance’s dividend payout ratio is currently 11.52%.

Analysts Set New Price Targets

Separately, StockNews.com cut Willis Lease Finance from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st.

Institutional Investors Weigh In On Willis Lease Finance

Large investors have recently modified their holdings of the stock. ProShare Advisors LLC bought a new stake in shares of Willis Lease Finance in the 2nd quarter valued at approximately $27,000. Innealta Capital LLC bought a new stake in shares of Willis Lease Finance in the 2nd quarter valued at approximately $44,000. Nisa Investment Advisors LLC bought a new stake in shares of Willis Lease Finance in the 2nd quarter valued at approximately $69,000. Hillsdale Investment Management Inc. bought a new stake in shares of Willis Lease Finance in the 1st quarter valued at approximately $114,000. Finally, BNP Paribas Financial Markets grew its position in Willis Lease Finance by 14.0% during the 1st quarter. BNP Paribas Financial Markets now owns 4,887 shares of the transportation company’s stock worth $242,000 after acquiring an additional 599 shares during the last quarter. 93.70% of the stock is currently owned by 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.