Willis Lease Finance Co. (NASDAQ:WLFC) Director Sells $97,160.00 in Stock

Willis Lease Finance Co. (NASDAQ:WLFC) Director Rae Ann Mckeating sold 500 shares of Willis Lease Finance stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $194.32, for a total value of $97,160.00. Following the transaction, the director now owns 16,500 shares in the company, valued at approximately $3,206,280. This represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Willis Lease Finance Stock Performance

NASDAQ:WLFC traded up $1.35 during mid-day trading on Tuesday, hitting $191.10. 41,744 shares of the stock were exchanged, compared to its average volume of 21,989. Willis Lease Finance Co. has a fifty-two week low of $44.07 and a fifty-two week high of $235.43. 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 stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 13.45 and a beta of 1.06. The firm’s 50-day simple moving average is $166.82 and its 200 day simple moving average is $109.26.

Willis Lease Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 12th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Tuesday, November 12th. Willis Lease Finance’s dividend payout ratio is 7.09%.

Institutional Trading of Willis Lease Finance

Several hedge funds and other institutional investors have recently made changes to their positions in WLFC. Pekin Hardy Strauss Inc. bought a new stake in shares of Willis Lease Finance in the 3rd quarter valued at $4,136,000. Charles Schwab Investment Management Inc. increased its stake in Willis Lease Finance by 173.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,990 shares of the transportation company’s stock valued at $3,421,000 after purchasing an additional 14,590 shares in the last quarter. Empowered Funds LLC boosted its stake in Willis Lease Finance by 39.4% during the 3rd quarter. Empowered Funds LLC now owns 33,008 shares of the transportation company’s stock valued at $4,912,000 after purchasing an additional 9,326 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Willis Lease Finance by 48.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,663 shares of the transportation company’s stock worth $2,628,000 after purchasing an additional 5,731 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in Willis Lease Finance during the third quarter worth about $531,000. 93.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered Willis Lease Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th.

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.