Willis Lease Finance (NASDAQ:WLFC) released its quarterly earnings results on Tuesday, March 13th. The transportation company reported ($0.28) earnings per share for the quarter, reports. Willis Lease Finance had a net margin of 22.62% and a return on equity of 14.85%. The company had revenue of $63.19 million during the quarter.
Shares of WLFC stock opened at $31.40 on Friday. Willis Lease Finance has a 12 month low of $21.64 and a 12 month high of $35.33. The firm has a market cap of $213.76, a PE ratio of 6.62 and a beta of 0.48. The company has a current ratio of 1.15, a quick ratio of 0.85 and a debt-to-equity ratio of 4.19.
In other news, Director Hans Jorg Hunziker sold 1,596 shares of the business’s stock in a transaction on Monday, March 26th. The shares were sold at an average price of $29.78, for a total transaction of $47,528.88. Following the sale, the director now owns 19,392 shares in the company, valued at approximately $577,493.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert T. Morris sold 2,000 shares of Willis Lease Finance stock in a transaction dated Wednesday, March 28th. The stock was sold at an average price of $32.79, for a total value of $65,580.00. Following the completion of the transaction, the director now directly owns 10,670 shares of the company’s stock, valued at approximately $349,869.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,000 shares of company stock worth $125,269. Company insiders own 47.53% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in shares of Willis Lease Finance by 4.9% in the 4th quarter. Renaissance Technologies LLC now owns 476,500 shares of the transportation company’s stock worth $11,898,000 after purchasing an additional 22,400 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Willis Lease Finance by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 214,409 shares of the transportation company’s stock worth $5,731,000 after purchasing an additional 924 shares during the last quarter. M3F Inc. raised its position in shares of Willis Lease Finance by 179.0% in the 4th quarter. M3F Inc. now owns 181,471 shares of the transportation company’s stock worth $4,531,000 after purchasing an additional 116,417 shares during the last quarter. State Street Corp raised its position in shares of Willis Lease Finance by 11.7% in the 2nd quarter. State Street Corp now owns 54,017 shares of the transportation company’s stock worth $1,446,000 after purchasing an additional 5,668 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Willis Lease Finance by 8.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 53,669 shares of the transportation company’s stock worth $1,320,000 after purchasing an additional 4,370 shares during the last quarter. 38.26% of the stock is owned by hedge funds and other institutional investors.
Separately, ValuEngine upgraded shares of Willis Lease Finance from a “hold” rating to a “buy” rating in a report on Thursday, March 22nd.
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About Willis Lease Finance
Willis Lease Finance Corporation, together with its subsidiaries, leases large and regional spare commercial aircraft engines, auxiliary power units, and aircraft worldwide. The company operates through two segments, Leasing and Related Operations, and Spare Parts Sales. It also purchases and resells commercial aircraft engines; and sells aircraft engine parts and materials.
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