Navellier & Associates Inc. boosted its position in Willis Lease Finance Co. (NASDAQ:WLFC - Free Report) by 95.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,890 shares of the transportation company's stock after acquiring an additional 3,361 shares during the period. Navellier & Associates Inc. owned 0.10% of Willis Lease Finance worth $1,430,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC raised its position in shares of Willis Lease Finance by 221.7% in the third quarter. Barclays PLC now owns 3,738 shares of the transportation company's stock valued at $556,000 after purchasing an additional 2,576 shares during the period. Jane Street Group LLC bought a new position in Willis Lease Finance in the 3rd quarter worth about $531,000. Empowered Funds LLC grew its holdings in Willis Lease Finance by 39.4% during the 3rd quarter. Empowered Funds LLC now owns 33,008 shares of the transportation company's stock valued at $4,912,000 after buying an additional 9,326 shares in the last quarter. Pekin Hardy Strauss Inc. bought a new stake in shares of Willis Lease Finance during the third quarter valued at about $4,136,000. Finally, Franklin Resources Inc. purchased a new stake in shares of Willis Lease Finance in the third quarter worth about $283,000. 93.70% of the stock is owned by hedge funds and other institutional investors.
Willis Lease Finance Price Performance
NASDAQ WLFC traded up $8.79 during trading on Wednesday, reaching $197.96. The company's stock had a trading volume of 31,195 shares, compared to its average volume of 33,511. The firm has a fifty day moving average of $199.88 and a 200 day moving average of $175.28. Willis Lease Finance Co. has a one year low of $46.70 and a one year high of $235.43. The stock has a market capitalization of $1.31 billion, a PE ratio of 14.03 and a beta of 1.10. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.16 and a quick ratio of 0.76.
Willis Lease Finance Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Wednesday, February 12th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Wednesday, February 12th. Willis Lease Finance's payout ratio is 7.09%.
Analysts Set New Price Targets
Separately, StockNews.com cut shares of Willis Lease Finance from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th.
Check Out Our Latest Stock Report on Willis Lease Finance
Willis Lease Finance Company Profile
(
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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