5,800 Shares in Willis Lease Finance Co. (NASDAQ:WLFC) Bought by Swiss National Bank

Swiss National Bank bought a new stake in Willis Lease Finance Co. (NASDAQ:WLFC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,800 shares of the transportation company's stock, valued at approximately $1,204,000. Swiss National Bank owned approximately 0.09% of Willis Lease Finance as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Truist Financial Corp bought a new position in Willis Lease Finance during the 4th quarter valued at about $208,000. Lakewood Asset Management LLC acquired a new stake in shares of Willis Lease Finance during the fourth quarter worth approximately $227,000. Precision Wealth Strategies LLC bought a new position in shares of Willis Lease Finance in the fourth quarter valued at approximately $257,000. Franklin Resources Inc. acquired a new position in shares of Willis Lease Finance in the 3rd quarter worth approximately $283,000. Finally, Bleakley Financial Group LLC bought a new stake in Willis Lease Finance during the 4th quarter worth approximately $297,000. Institutional investors and hedge funds own 93.70% of the company's stock.

Insider Activity at Willis Lease Finance

In related news, CEO Austin Chandler Willis sold 3,450 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $204.14, for a total value of $704,283.00. Following the transaction, the chief executive officer now owns 158,034 shares in the company, valued at $32,261,060.76. This trade represents a 2.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Scott B. Flaherty sold 5,026 shares of Willis Lease Finance stock in a transaction dated 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 owns 79,270 shares of the company's stock, valued at approximately $14,625,315. The trade was a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,015 shares of company stock valued at $1,894,595 over the last quarter. Corporate insiders own 57.02% of the company's stock.

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Willis Lease Finance Price Performance

WLFC traded up $3.16 during trading on Wednesday, hitting $160.57. The company's stock had a trading volume of 41,435 shares, compared to its average volume of 31,077. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 3.84. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 11.38 and a beta of 1.11. The firm's 50 day moving average price is $185.26 and its two-hundred day moving average price is $188.11. Willis Lease Finance Co. has a 12 month low of $48.10 and a 12 month 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 (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 business had revenue of $152.80 million during the quarter, compared to analysts' expectations of $145.54 million.

Willis Lease Finance Dividend Announcement

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

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.