Willis Lease Finance Corporation (NASDAQ:WLFC) Director Robert T. Morris sold 500 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $25.83, for a total transaction of $12,915.00. Following the sale, the director now directly owns 11,020 shares in the company, valued at approximately $284,646.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Willis Lease Finance Corporation (NASDAQ:WLFC) traded down $0.07 during trading on Friday, reaching $25.48. 3,858 shares of the company’s stock traded hands, compared to its average volume of 9,334. The stock has a market capitalization of $163.55, a PE ratio of 4.20 and a beta of 0.66. Willis Lease Finance Corporation has a twelve month low of $21.10 and a twelve month high of $28.06.
A number of institutional investors have recently modified their holdings of WLFC. Spark Investment Management LLC purchased a new position in Willis Lease Finance in the second quarter worth about $732,000. Algert Global LLC purchased a new position in shares of Willis Lease Finance during the second quarter valued at approximately $240,000. Cowen Inc. purchased a new position in shares of Willis Lease Finance during the second quarter valued at approximately $228,000. LSV Asset Management raised its holdings in shares of Willis Lease Finance by 15.5% during the second quarter. LSV Asset Management now owns 55,382 shares of the transportation company’s stock valued at $1,480,000 after purchasing an additional 7,451 shares during the last quarter. Finally, State Street Corp increased its holdings in Willis Lease Finance by 11.7% during the second quarter. State Street Corp now owns 54,017 shares of the transportation company’s stock valued at $1,446,000 after buying an additional 5,668 shares during the last quarter. 36.52% of the stock is owned by institutional investors and hedge funds.
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Willis Lease Finance Company Profile
Willis Lease Finance Corporation along with its subsidiaries is a lessor of commercial aircraft engines. The Company operates through two business segments, such as Leasing and Related Operations, and Spare Parts Sales. The Leasing and Related Operations segment involves acquiring and leasing, primarily pursuant to operating leases, commercial aircraft, aircraft engines and other aircraft equipment, and the selective purchase and resale of commercial aircraft engines and other aircraft equipment.
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