Willis Lease Finance Co. (NASDAQ:WLFC - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $214.90 and last traded at $208.98, with a volume of 12674 shares trading hands. The stock had previously closed at $202.95.
Wall Street Analyst Weigh In
Separately, StockNews.com cut Willis Lease Finance from a "strong-buy" rating to a "buy" rating in a report on Wednesday, August 21st.
Check Out Our Latest Analysis on WLFC
Willis Lease Finance Price Performance
The business's 50-day moving average price is $128.88 and its 200 day moving average price is $87.90. The company has a market capitalization of $1.26 billion, a P/E ratio of 14.98 and a beta of 1.09. The company has a quick ratio of 1.28, a current ratio of 1.80 and a debt-to-equity ratio of 3.95.
Willis Lease Finance (NASDAQ:WLFC - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The transportation company reported $6.21 EPS for the quarter. The firm had revenue of $151.12 million during the quarter. Willis Lease Finance had a net margin of 18.16% and a return on equity of 19.51%.
Willis Lease Finance Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were paid a $0.25 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.52%. Willis Lease Finance's dividend payout ratio is currently 7.77%.
Insider Buying and Selling at Willis Lease Finance
In related news, CFO Scott B. Flaherty sold 1,742 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $109.22, for a total value of $190,261.24. Following the transaction, the chief financial officer now directly owns 93,213 shares in the company, valued at approximately $10,180,723.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Scott B. Flaherty sold 1,742 shares of the company's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $109.22, for a total value of $190,261.24. Following the completion of the transaction, the chief financial officer now directly owns 93,213 shares in the company, valued at approximately $10,180,723.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert J. Keady sold 534 shares of the firm's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $111.84, for a total value of $59,722.56. Following the sale, the insider now owns 13,424 shares in the company, valued at $1,501,340.16. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,903 shares of company stock valued at $4,123,692 in the last 90 days. Corporate insiders own 57.02% of the company's stock.
Institutional Trading of Willis Lease Finance
Hedge funds and other institutional investors have recently bought and sold shares of the company. Hillsdale Investment Management Inc. purchased a new stake in shares of Willis Lease Finance in the 1st quarter valued at $114,000. Ritholtz Wealth Management purchased a new stake in Willis Lease Finance during the third quarter valued at about $312,000. Empowered Funds LLC grew its stake in shares of Willis Lease Finance by 7.7% during the first quarter. Empowered Funds LLC now owns 22,062 shares of the transportation company's stock valued at $1,095,000 after buying an additional 1,575 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Willis Lease Finance by 6.4% in 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 buying an additional 1,187 shares during the period. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Willis Lease Finance in the 2nd quarter valued at about $69,000. Hedge funds and other institutional investors own 93.70% of the company's stock.
About Willis Lease Finance
(
Get Free Report)
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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