Willis Lease Finance Co. (NASDAQ:WLFC) Insider Sells $111,598.74 in Stock

Willis Lease Finance Co. (NASDAQ:WLFC) insider Robert J. Keady sold 1,077 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $103.62, for a total value of $111,598.74. Following the completion of the sale, the insider now directly owns 15,044 shares of the company’s stock, valued at $1,558,859.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Willis Lease Finance Price Performance

NASDAQ WLFC traded up $3.86 during mid-day trading on Wednesday, hitting $112.00. The stock had a trading volume of 15,030 shares, compared to its average volume of 14,080. The company has a 50 day simple moving average of $78.10 and a 200 day simple moving average of $62.12. The company has a quick ratio of 1.28, a current ratio of 1.80 and a debt-to-equity ratio of 3.95. The company has a market cap of $736.96 million, a price-to-earnings ratio of 12.46 and a beta of 1.05. Willis Lease Finance Co. has a 52-week low of $39.50 and a 52-week high of $112.88.

Willis Lease Finance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Monday, August 12th. Willis Lease Finance’s dividend payout ratio (DPR) is presently 11.52%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Willis Lease Finance from a “strong-buy” rating to a “buy” rating in a research note on Wednesday.

Institutional Investors Weigh In On Willis Lease Finance

A number of large investors have recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. purchased a new stake in Willis Lease Finance in the 1st quarter valued at approximately $114,000. Empowered Funds LLC increased its position in Willis Lease Finance by 7.7% during the 1st quarter. Empowered Funds LLC now owns 22,062 shares of the transportation company’s stock worth $1,095,000 after purchasing an additional 1,575 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Willis Lease Finance by 6.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 19,732 shares of the transportation company’s stock valued at $1,367,000 after acquiring an additional 1,187 shares in the last quarter. Nisa Investment Advisors LLC purchased a new position in Willis Lease Finance in the second quarter valued at about $69,000. Finally, Vanguard Group Inc. lifted its position in Willis Lease Finance by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 104,869 shares of the transportation company’s stock worth $5,204,000 after acquiring an additional 865 shares in the last quarter. 93.70% of the stock is owned by institutional investors and hedge funds.

Willis Lease Finance Company Profile

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.