Empowered Funds LLC Grows Stake in Willis Lease Finance Co. (NASDAQ:WLFC)

Empowered Funds LLC grew its position in Willis Lease Finance Co. (NASDAQ:WLFC - Free Report) by 4.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 34,628 shares of the transportation company's stock after acquiring an additional 1,620 shares during the period. Empowered Funds LLC owned 0.52% of Willis Lease Finance worth $7,187,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in Willis Lease Finance during the 3rd quarter worth $146,000. Lakewood Asset Management LLC acquired a new stake in Willis Lease Finance during the 4th quarter worth about $227,000. Precision Wealth Strategies LLC acquired a new stake in Willis Lease Finance during the 4th quarter worth about $257,000. Franklin Resources Inc. acquired a new stake in Willis Lease Finance during the 3rd quarter worth about $283,000. Finally, Bleakley Financial Group LLC acquired a new stake in Willis Lease Finance during the 4th quarter worth about $297,000. 93.70% of the stock is currently owned by institutional investors.

Willis Lease Finance Stock Up 1.7 %

Shares of WLFC traded up $3.22 during trading hours on Friday, hitting $195.84. The stock had a trading volume of 16,617 shares, compared to its average volume of 33,037. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.16 and a quick ratio of 0.76. The firm has a 50 day simple moving average of $203.18 and a 200-day simple moving average of $169.44. The firm has a market capitalization of $1.29 billion, a P/E ratio of 13.88 and a beta of 1.10. Willis Lease Finance Co. has a 1-year low of $46.70 and a 1-year high of $235.43.

Willis Lease Finance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Wednesday, February 12th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, February 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.51%. Willis Lease Finance's dividend payout ratio (DPR) is currently 7.09%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Willis Lease Finance

In other Willis Lease Finance news, Director Rae Ann Mckeating sold 500 shares of Willis Lease Finance stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $194.32, for a total transaction of $97,160.00. Following the transaction, the director now owns 16,500 shares of the company's stock, valued at $3,206,280. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 57.02% of the company's stock.

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.