Willis Lease Finance Co. (NASDAQ:WLFC) Director Rae Ann Mckeating Sells 500 Shares

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

Willis Lease Finance Stock Performance

Shares of WLFC opened at $191.10 on Wednesday. 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 business has a 50-day simple moving average of $168.53 and a two-hundred day simple moving average of $110.21. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 13.54 and a beta of 1.06. 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 12th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Tuesday, November 12th. Willis Lease Finance’s dividend payout ratio is currently 7.09%.

Institutional Trading of Willis Lease Finance

Several institutional investors have recently made changes to their positions in WLFC. BNP Paribas Financial Markets grew its position in shares of Willis Lease Finance by 14.0% during the first quarter. BNP Paribas Financial Markets now owns 4,887 shares of the transportation company’s stock worth $242,000 after purchasing an additional 599 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Willis Lease Finance by 0.8% during the first quarter. Vanguard Group Inc. now owns 104,869 shares of the transportation company’s stock worth $5,204,000 after purchasing an additional 865 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Willis Lease Finance during the first quarter worth about $114,000. Nisa Investment Advisors LLC purchased a new stake in shares of Willis Lease Finance during the second quarter worth about $69,000. Finally, Bank of New York Mellon Corp grew its position in shares of Willis Lease Finance by 6.4% during the second quarter. Bank of New York Mellon Corp now owns 19,732 shares of the transportation company’s stock worth $1,367,000 after purchasing an additional 1,187 shares in the last quarter. Hedge funds and other institutional investors own 93.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Willis Lease Finance from a “buy” rating to a “hold” rating in a research 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.