Insider Selling: Willis Lease Finance Co. (NASDAQ:WLFC) CFO Sells 5,000 Shares of Stock

Willis Lease Finance Co. (NASDAQ:WLFC) CFO Scott B. Flaherty sold 5,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $200.19, for a total transaction of $1,000,950.00. Following the completion of the transaction, the chief financial officer now directly owns 74,955 shares in the company, valued at $15,005,241.45. This trade represents a 6.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Willis Lease Finance Stock Performance

Shares of WLFC opened at $198.16 on Friday. The company’s 50 day simple moving average is $165.11 and its 200-day simple moving average is $107.47. Willis Lease Finance Co. has a 12-month low of $44.07 and a 12-month high of $235.43. The firm has a market cap of $1.31 billion, a PE ratio of 14.04 and a beta of 1.06. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 3.84.

Willis Lease Finance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 12th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Tuesday, November 12th. Willis Lease Finance’s dividend payout ratio is presently 7.09%.

Analysts Set New Price Targets

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

Institutional Trading of Willis Lease Finance

Several hedge funds have recently made changes to their positions in the company. ProShare Advisors LLC acquired a new stake in Willis Lease Finance in the second quarter valued at about $27,000. Innealta Capital LLC acquired a new position in Willis Lease Finance during the second quarter worth $44,000. SG Americas Securities LLC acquired a new stake in Willis Lease Finance in the third quarter valued at $146,000. Nisa Investment Advisors LLC purchased a new stake in shares of Willis Lease Finance during the 2nd quarter worth $69,000. Finally, Ritholtz Wealth Management acquired a new position in shares of Willis Lease Finance during the 3rd quarter worth $312,000. Institutional investors and hedge funds own 93.70% of the company’s stock.

About Willis Lease Finance

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.