Insider Selling: Willis Lease Finance Co. (NASDAQ:WLFC) CEO Sells 3,450 Shares of Stock

Willis Lease Finance Co. (NASDAQ:WLFC - Get Free Report) CEO Austin Chandler Willis sold 3,450 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $204.14, for a total value of $704,283.00. Following the completion of the sale, the chief executive officer now owns 158,034 shares in the company, valued at approximately $32,261,060.76. This represents a 2.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Willis Lease Finance Stock Performance

NASDAQ WLFC traded up $1.21 during trading hours on Friday, reaching $183.05. The stock had a trading volume of 80,961 shares, compared to its average volume of 36,976. The stock has a fifty day moving average of $198.15 and a 200 day moving average of $180.12. The stock has a market cap of $1.21 billion, a P/E ratio of 12.97 and a beta of 1.11. Willis Lease Finance Co. has a 52-week low of $46.70 and a 52-week high of $235.43. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.76 and a current ratio of 1.16.

Willis Lease Finance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Wednesday, February 12th were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $1.00 annualized dividend and a yield of 0.55%. Willis Lease Finance's dividend payout ratio is presently 7.09%.

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Institutional Investors Weigh In On Willis Lease Finance

Hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC raised its stake in shares of Willis Lease Finance by 39.4% during the 3rd quarter. Empowered Funds LLC now owns 33,008 shares of the transportation company's stock worth $4,912,000 after buying an additional 9,326 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Willis Lease Finance by 48.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,663 shares of the transportation company's stock worth $2,628,000 after buying an additional 5,731 shares during the period. Navellier & Associates Inc. acquired a new position in shares of Willis Lease Finance during the 3rd quarter worth approximately $525,000. Charles Schwab Investment Management Inc. raised its stake in shares of Willis Lease Finance by 173.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,990 shares of the transportation company's stock worth $3,421,000 after buying an additional 14,590 shares during the period. Finally, Pekin Hardy Strauss Inc. acquired a new position in shares of Willis Lease Finance during the 3rd quarter worth approximately $4,136,000. Hedge funds and other institutional investors own 93.70% of the company's stock.

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.