Insider Selling: Willis Lease Finance Co. (NASDAQ:WLFC) President Sells $4,066,200.00 in Stock

Willis Lease Finance Co. (NASDAQ:WLFC) President Brian Richard Hole sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $203.31, for a total value of $4,066,200.00. Following the sale, the president now directly owns 81,164 shares in the company, valued at approximately $16,501,452.84. This represents a 19.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Brian Richard Hole also recently made the following trade(s):

• On Friday, August 30th, Brian Richard Hole sold 1,187 shares of Willis Lease Finance stock. The stock was sold at an average price of $106.17, for a total value of $126,023.79.
• On Wednesday, August 28th, Brian Richard Hole sold 1,314 shares of Willis Lease Finance stock. The stock was sold at an average price of $105.84, for a total value of $139,073.76.

Willis Lease Finance Stock Up 0.6 %

Shares of Willis Lease Finance stock opened at $201.01 on Friday. The business’s 50 day simple moving average is $163.15 and its 200 day simple moving average is $106.42. Willis Lease Finance Co. has a 52-week low of $43.73 and a 52-week high of $235.43. The firm has a market cap of $1.33 billion, a PE ratio of 14.25 and a beta of 1.06. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.76 and a current ratio of 1.16.

Willis Lease Finance Announces Dividend

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Willis Lease Finance

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its position in shares of Willis Lease Finance by 14.0% during the 1st quarter. BNP Paribas Financial Markets now owns 4,887 shares of the transportation company’s stock worth $242,000 after purchasing an additional 599 shares during the last quarter. Empowered Funds LLC increased its position in shares of 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 during the last quarter. Vanguard Group Inc. increased its position in shares of 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 purchasing an additional 865 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Willis Lease Finance during the 1st quarter worth approximately $114,000. Finally, Nisa Investment Advisors LLC acquired a new position in shares of Willis Lease Finance during the 2nd quarter worth approximately $69,000. 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.