Scott B. Flaherty Sells 5,026 Shares of Willis Lease Finance Co. (NASDAQ:WLFC) Stock

Willis Lease Finance Co. (NASDAQ:WLFC - Get Free Report) EVP Scott B. Flaherty sold 5,026 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $184.50, for a total value of $927,297.00. Following the completion of the sale, the executive vice president now directly owns 79,270 shares in the company, valued at $14,625,315. This trade represents a 5.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Willis Lease Finance Stock Performance

NASDAQ:WLFC traded down $7.50 during trading hours on Friday, reaching $160.16. The company had a trading volume of 53,966 shares, compared to its average volume of 30,711. The firm's 50 day moving average price is $187.50 and its 200-day moving average price is $187.72. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 11.35 and a beta of 1.11. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 3.84. Willis Lease Finance Co. has a 52 week low of $48.10 and a 52 week high of $235.43.

Willis Lease Finance (NASDAQ:WLFC - Get Free Report) last released its quarterly earnings results on Monday, March 10th. The transportation company reported $2.81 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.92. Willis Lease Finance had a net margin of 18.56% and a return on equity of 20.62%. The business had revenue of $152.80 million for the quarter, compared to the consensus estimate of $145.54 million.

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Willis Lease Finance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Wednesday, February 12th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Wednesday, February 12th. Willis Lease Finance's payout ratio is currently 6.50%.

Hedge Funds Weigh In On Willis Lease Finance

Institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System increased its holdings in shares of Willis Lease Finance by 1,213.8% in the fourth quarter. California State Teachers Retirement System now owns 2,759 shares of the transportation company's stock worth $573,000 after purchasing an additional 2,549 shares during the last quarter. Palisades Investment Partners LLC boosted its position in shares of Willis Lease Finance by 9.5% during the 4th quarter. Palisades Investment Partners LLC now owns 20,928 shares of the transportation company's stock valued at $4,344,000 after acquiring an additional 1,808 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Willis Lease Finance in the fourth quarter valued at $897,000. Nuveen Asset Management LLC increased its position in Willis Lease Finance by 1.5% in the fourth quarter. Nuveen Asset Management LLC now owns 5,783 shares of the transportation company's stock worth $1,200,000 after purchasing an additional 83 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Willis Lease Finance by 4.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,622 shares of the transportation company's stock valued at $337,000 after purchasing an additional 66 shares in the last quarter. 93.70% of the stock is owned by hedge funds and other 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.