Willis Lease Finance (NASDAQ:WLFC) Trading Down 5.9%

Willis Lease Finance Co. (NASDAQ:WLFC)’s stock price traded down 5.9% on Tuesday . The company traded as low as $140.00 and last traded at $140.00. 9,897 shares were traded during trading, a decline of 39% from the average session volume of 16,331 shares. The stock had previously closed at $148.81.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Willis Lease Finance from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st.

Willis Lease Finance Trading Down 2.3 %

The firm has a 50-day simple moving average of $107.04 and a 200-day simple moving average of $76.19. 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 stock has a market cap of $954.75 million, a PE ratio of 17.14 and a beta of 1.07.

Willis Lease Finance (NASDAQ:WLFC) last issued its quarterly earnings data on Thursday, August 1st. The transportation company reported $6.21 earnings per share (EPS) for the quarter. The business had revenue of $151.12 million for the quarter. Willis Lease Finance had a return on equity of 19.51% and a net margin of 18.16%.

Willis Lease Finance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.69%. Willis Lease Finance’s dividend payout ratio is currently 11.52%.

Insider Activity

In other news, President Brian Richard Hole sold 1,187 shares of Willis Lease Finance stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $106.17, for a total transaction of $126,023.79. Following the completion of the sale, the president now owns 96,589 shares in the company, valued at approximately $10,254,854.13. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Robert J. Keady sold 1,378 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $106.66, for a total value of $146,977.48. Following the transaction, the insider now owns 7,119 shares of the company’s stock, valued at $759,312.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Brian Richard Hole sold 1,187 shares of Willis Lease Finance stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $106.17, for a total value of $126,023.79. Following the sale, the president now directly owns 96,589 shares of the company’s stock, valued at approximately $10,254,854.13. The disclosure for this sale can be found here. Insiders sold 38,903 shares of company stock worth $4,123,692 in the last three months. Corporate insiders own 57.02% of the company’s stock.

Hedge Funds Weigh In On Willis Lease Finance

Several institutional investors have recently modified their holdings of the company. Rhumbline Advisers boosted its stake in Willis Lease Finance by 4.0% in the second quarter. Rhumbline Advisers now owns 6,691 shares of the transportation company’s stock worth $464,000 after buying an additional 259 shares in the last quarter. ProShare Advisors LLC bought a new position in shares of Willis Lease Finance during the 2nd quarter valued at $27,000. BNP Paribas Financial Markets raised its position in Willis Lease Finance by 14.0% in 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 period. Innealta Capital LLC bought a new stake in Willis Lease Finance in the second quarter worth $44,000. Finally, Vanguard Group Inc. lifted its stake in Willis Lease Finance by 0.8% in the first 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. 93.70% of the stock is currently owned by institutional investors.

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.