Bank of New York Mellon Corp Raises Stake in Willis Lease Finance Corporation (NASDAQ:WLFC)

Bank of New York Mellon Corp lifted its position in Willis Lease Finance Corporation (NASDAQ:WLFC) by 8.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,669 shares of the transportation company’s stock after acquiring an additional 4,370 shares during the period. Bank of New York Mellon Corp owned approximately 0.83% of Willis Lease Finance worth $1,320,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Cowen Inc. bought a new position in shares of Willis Lease Finance during the 2nd quarter worth approximately $228,000. New York State Common Retirement Fund grew its stake in shares of Willis Lease Finance by 194.0% during the 2nd quarter. New York State Common Retirement Fund now owns 8,528 shares of the transportation company’s stock worth $228,000 after acquiring an additional 5,627 shares in the last quarter. Menta Capital LLC grew its stake in shares of Willis Lease Finance by 4.6% in the second quarter. Menta Capital LLC now owns 24,814 shares of the transportation company’s stock valued at $663,000 after buying an additional 1,081 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Willis Lease Finance by 14.6% in the second quarter. California Public Employees Retirement System now owns 35,400 shares of the transportation company’s stock valued at $946,000 after buying an additional 4,500 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Willis Lease Finance by 11.7% in 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 in the last quarter. Institutional investors and hedge funds own 36.52% of the company’s stock.

In other news, CEO Charles F. Iv Willis sold 2,800 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $26.05, for a total transaction of $72,940.00. Following the sale, the chief executive officer now directly owns 641,218 shares in the company, valued at $16,703,728.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Charles F. Iv Willis sold 2,265 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $24.26, for a total value of $54,948.90. Following the completion of the sale, the chief executive officer now owns 621,954 shares in the company, valued at $15,088,604.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,715 shares of company stock valued at $982,423. 47.53% of the stock is owned by insiders.

Willis Lease Finance Corporation (WLFC) opened at $26.89 on Thursday. Willis Lease Finance Corporation has a 52-week low of $21.10 and a 52-week high of $27.58. The company has a market cap of $169.78, a price-to-earnings ratio of 7.98 and a beta of 0.66.

Willis Lease Finance (NASDAQ:WLFC) last posted its earnings results on Tuesday, November 7th. The transportation company reported $1.53 earnings per share for the quarter. Willis Lease Finance had a return on equity of 18.85% and a net margin of 8.29%.

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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.

Institutional Ownership by Quarter for Willis Lease Finance (NASDAQ:WLFC)

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