Shares of Willis Lease Finance Co. (NASDAQ:WLFC - Get Free Report) traded down 10.2% during trading on Wednesday . The stock traded as low as $194.06 and last traded at $195.00. 58,929 shares were traded during trading, an increase of 51% from the average session volume of 39,041 shares. The stock had previously closed at $217.12.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded shares of Willis Lease Finance from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th.
View Our Latest Research Report on WLFC
Willis Lease Finance Stock Performance
The business has a 50 day moving average price of $208.10 and a two-hundred day moving average price of $151.23. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.76 and a current ratio of 1.16. The company has a market cap of $1.34 billion, a P/E ratio of 14.39 and a beta of 1.11.
Willis Lease Finance Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Tuesday, November 12th. Willis Lease Finance's dividend payout ratio (DPR) is presently 7.09%.
Insider Transactions at Willis Lease Finance
In other Willis Lease Finance news, Director Rae Ann Mckeating sold 500 shares of the firm's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $194.32, for a total value of $97,160.00. Following the sale, the director now owns 16,500 shares of the company's stock, valued at $3,206,280. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Brian Richard Hole sold 20,000 shares of the company's stock in a transaction dated 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 transaction, the president now directly owns 81,164 shares of the company's stock, valued at approximately $16,501,452.84. This trade represents a 19.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,500 shares of company stock worth $5,164,310. Insiders own 57.02% of the company's stock.
Institutional Investors Weigh In On Willis Lease Finance
A number of large investors have recently made changes to their positions in the business. ProShare Advisors LLC bought a new position in Willis Lease Finance in the 2nd quarter worth $27,000. SG Americas Securities LLC bought a new position in Willis Lease Finance in the third quarter worth about $146,000. Lakewood Asset Management LLC purchased a new stake in Willis Lease Finance in the fourth quarter worth about $227,000. Franklin Resources Inc. bought a new stake in Willis Lease Finance during the 3rd quarter valued at approximately $283,000. Finally, Ritholtz Wealth Management purchased a new position in shares of Willis Lease Finance during the 3rd quarter worth approximately $312,000. 93.70% of the stock is currently owned by institutional investors.
Willis Lease Finance Company Profile
(
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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