Austin Chandler Willis Sells 3,400 Shares of Willis Lease Finance (NASDAQ:WLFC) Stock

Willis Lease Finance Corporation (NASDAQ:WLFC) CEO Austin Chandler Willis sold 3,400 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $185.74, for a total value of $631,516.00. Following the sale, the chief executive officer directly owned 184,746 shares of the company’s stock, valued at $34,314,722.04. This represents a 1.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Austin Chandler Willis also recently made the following trade(s):

• On Friday, January 2nd, Austin Chandler Willis sold 3,400 shares of Willis Lease Finance stock. The shares were sold at an average price of $133.31, for a total value of $453,254.00.
• On Tuesday, December 2nd, Austin Chandler Willis sold 2,232 shares of Willis Lease Finance stock. The shares were sold at an average price of $120.33, for a total transaction of $268,576.56.
• On Tuesday, December 2nd, Austin Chandler Willis sold 2,813 shares of Willis Lease Finance stock. The stock was sold at an average price of $120.33, for a total transaction of $338,488.29.
• On Monday, December 1st, Austin Chandler Willis sold 468 shares of Willis Lease Finance stock. The shares were sold at an average price of $120.46, for a total transaction of $56,375.28.
• On Monday, December 1st, Austin Chandler Willis sold 587 shares of Willis Lease Finance stock. The stock was sold at an average price of $120.46, for a total transaction of $70,710.02.

Willis Lease Finance Stock Performance

NASDAQ WLFC opened at $193.75 on Friday. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.88 and a quick ratio of 1.50. The company has a fifty day moving average price of $152.37 and a 200-day moving average price of $143.37. Willis Lease Finance Corporation has a 1 year low of $114.01 and a 1 year high of $211.00. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 11.60 and a beta of 0.79.

Willis Lease Finance (NASDAQ:WLFC) last issued its quarterly earnings data on Tuesday, November 4th. The transportation company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.34 by ($0.09). Willis Lease Finance had a return on equity of 20.58% and a net margin of 17.79%.The firm had revenue of $154.40 million during the quarter, compared to the consensus estimate of $156.00 million.

Willis Lease Finance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Wednesday, February 11th will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $1.60 annualized dividend and a yield of 0.8%. Willis Lease Finance’s payout ratio is currently 9.58%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Willis Lease Finance in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Institutional Trading of Willis Lease Finance

Several hedge funds and other institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. boosted its holdings in Willis Lease Finance by 742.5% in the 2nd quarter. Osaic Holdings Inc. now owns 337 shares of the transportation company’s stock worth $48,000 after buying an additional 297 shares during the period. Ameritas Investment Partners Inc. lifted its position in shares of Willis Lease Finance by 22.5% during the second quarter. Ameritas Investment Partners Inc. now owns 365 shares of the transportation company’s stock worth $52,000 after acquiring an additional 67 shares in the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of Willis Lease Finance in the second quarter worth $54,000. Larson Financial Group LLC grew its position in shares of Willis Lease Finance by 197.9% in the third quarter. Larson Financial Group LLC now owns 694 shares of the transportation company’s stock valued at $95,000 after purchasing an additional 461 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Willis Lease Finance during the 2nd quarter valued at $109,000. Institutional investors own 93.70% of the company’s stock.

About Willis Lease Finance

Willis Lease Finance Corporation (NASDAQ: WLFC) is an independent global provider of aircraft engine leasing, trading and aftermarket services. Founded in 1991 and headquartered in the United States, the company specializes in offering short- and long-term operating leases for jet engines and auxiliary power units. Through its broad engine portfolio, Willis Lease Finance supports a wide range of commercial aircraft across various operators, including major airlines, regional carriers and other leasing companies.

In addition to leasing solutions, Willis Lease Finance offers comprehensive engine trading and asset management services.