Willis Lease Finance Co. (NASDAQ:WLFC - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $136.65 and traded as high as $212.12. Willis Lease Finance shares last traded at $201.99, with a volume of 34,838 shares.
Analysts Set New Price Targets
Separately, StockNews.com lowered Willis Lease Finance from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th.
Read Our Latest Report on WLFC
Willis Lease Finance Stock Performance
The stock's 50-day moving average price is $201.88 and its 200-day moving average price is $137.62. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 3.84. The company has a market capitalization of $1.33 billion, a P/E ratio of 14.32 and a beta of 1.09.
Willis Lease Finance Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 12th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.50%. Willis Lease Finance's payout ratio is currently 7.09%.
Insider Activity
In other Willis Lease Finance news, CFO Scott B. Flaherty sold 5,000 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $200.19, for a total value of $1,000,950.00. Following the completion of the transaction, the chief financial officer now owns 74,955 shares in the company, valued at approximately $15,005,241.45. This represents a 6.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Brian Richard Hole sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $203.31, for a total transaction of $4,066,200.00. Following the completion of the sale, the president now owns 81,164 shares in the company, valued at $16,501,452.84. The trade was a 19.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,500 shares of company stock valued at $5,164,310. 57.02% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Willis Lease Finance
A number of institutional investors and hedge funds have recently added to or reduced their stakes in WLFC. ProShare Advisors LLC acquired a new position in Willis Lease Finance during the 2nd quarter worth $27,000. Innealta Capital LLC acquired a new stake in Willis Lease Finance in the second quarter worth about $44,000. SG Americas Securities LLC bought a new position in Willis Lease Finance in the 3rd quarter valued at about $146,000. Franklin Resources Inc. acquired a new position in Willis Lease Finance during the 3rd quarter valued at about $283,000. Finally, Ritholtz Wealth Management bought a new stake in shares of Willis Lease Finance during the 3rd quarter worth about $312,000. 93.70% of the stock is owned by institutional investors.
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.
Further Reading
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