Willis Lease Finance Co. (NASDAQ:WLFC - Get Free Report) EVP Scott B. Flaherty sold 1,539 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $170.90, for a total transaction of $263,015.10. Following the sale, the executive vice president now owns 69,296 shares of the company's stock, valued at approximately $11,842,686.40. This trade represents a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Willis Lease Finance Trading Down 4.5 %
WLFC stock traded down $7.50 during midday trading on Friday, hitting $160.16. The stock had a trading volume of 53,966 shares, compared to its average volume of 30,711. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 3.84. The firm has a market cap of $1.06 billion, a P/E ratio of 11.35 and a beta of 1.11. The business has a fifty day moving average price of $187.50 and a two-hundred day moving average price of $187.72. Willis Lease Finance Co. has a 1-year low of $48.10 and a 1-year high of $235.43.
Willis Lease Finance (NASDAQ:WLFC - Get Free Report) last announced its quarterly earnings data on Monday, March 10th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.92. Willis Lease Finance had a return on equity of 20.62% and a net margin of 18.56%. The company had revenue of $152.80 million for the quarter, compared to the consensus estimate of $145.54 million.
Willis Lease Finance Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend was Wednesday, February 12th. Willis Lease Finance's payout ratio is 6.50%.
Institutional Trading of Willis Lease Finance
Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in Willis Lease Finance by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 511,472 shares of the transportation company's stock worth $106,154,000 after acquiring an additional 17,500 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Willis Lease Finance by 15.5% during the fourth quarter. Vanguard Group Inc. now owns 142,100 shares of the transportation company's stock valued at $29,493,000 after purchasing an additional 19,078 shares during the period. Four Tree Island Advisory LLC acquired a new position in shares of Willis Lease Finance during the fourth quarter valued at about $16,268,000. Geode Capital Management LLC boosted its position in shares of Willis Lease Finance by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 67,021 shares of the transportation company's stock worth $9,975,000 after purchasing an additional 1,886 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Willis Lease Finance by 7.6% in the 3rd quarter. State Street Corp now owns 39,926 shares of the transportation company's stock valued at $5,941,000 after buying an additional 2,805 shares during the period. Institutional investors and hedge funds own 93.70% of the company's stock.
About Willis Lease Finance
(
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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.
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