Shares of Willis Lease Finance Co. (NASDAQ:WLFC - Get Free Report) saw an uptick in trading volume on Friday . 13,195 shares changed hands during trading, a decline of 25% from the previous session's volume of 17,631 shares.The stock last traded at $199.88 and had previously closed at $196.85.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Willis Lease Finance from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, August 21st.
Read Our Latest Stock Analysis on WLFC
Willis Lease Finance Stock Performance
The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 15.70 and a beta of 1.09. The stock has a 50-day moving average price of $126.67 and a 200-day moving average price of $86.29. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.80 and a quick ratio of 1.28.
Willis Lease Finance (NASDAQ:WLFC - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The transportation company reported $6.21 earnings per share for the quarter. Willis Lease Finance had a return on equity of 19.51% and a net margin of 18.16%. The firm had revenue of $151.12 million during the quarter.
Willis Lease Finance Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.49%. The ex-dividend date was Monday, August 12th. Willis Lease Finance's payout ratio is presently 7.77%.
Insider Activity
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 stock was sold at an average price of $109.22, for a total transaction of $190,261.24. Following the transaction, the chief financial officer now directly owns 93,213 shares of the company's stock, valued at approximately $10,180,723.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Willis Lease Finance news, CFO Scott B. Flaherty sold 1,742 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $109.22, for a total transaction of $190,261.24. Following the completion of the transaction, the chief financial officer now directly owns 93,213 shares of the company's stock, valued at approximately $10,180,723.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Scott B. Flaherty sold 3,258 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $109.41, for a total value of $356,457.78. Following the sale, the chief financial officer now owns 89,955 shares in the company, valued at approximately $9,841,976.55. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,903 shares of company stock valued at $4,123,692 in the last ninety days. 57.02% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC bought a new stake in shares of Willis Lease Finance in the second quarter worth about $27,000. Innealta Capital LLC bought a new stake in shares of Willis Lease Finance during the 2nd quarter valued at $44,000. Nisa Investment Advisors LLC purchased a new position in shares of Willis Lease Finance during the 2nd quarter valued at $69,000. Hillsdale Investment Management Inc. purchased a new stake in Willis Lease Finance in the 1st quarter worth $114,000. Finally, SG Americas Securities LLC purchased a new stake in Willis Lease Finance in the 3rd quarter worth $146,000. 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.
See Also
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