Willis Lease Finance Co. (NASDAQ:WLFC) CEO Charles F. Iv Willis sold 7,960 shares of the company’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $31.16, for a total value of $248,033.60. Following the completion of the sale, the chief executive officer now owns 715,865 shares of the company’s stock, valued at approximately $22,306,353.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Willis Lease Finance traded up $0.42, hitting $31.54, during trading hours on Friday, Marketbeat Ratings reports. The company’s stock had a trading volume of 563 shares, compared to its average volume of 14,140. Willis Lease Finance Co. has a 12 month low of $22.51 and a 12 month high of $36.70. The company has a market capitalization of $198.14 million, a P/E ratio of 9.14 and a beta of 0.51. The company has a debt-to-equity ratio of 4.60, a current ratio of 1.12 and a quick ratio of 0.79.
Willis Lease Finance (NASDAQ:WLFC) last announced its quarterly earnings results on Monday, May 7th. The transportation company reported $1.00 earnings per share (EPS) for the quarter. Willis Lease Finance had a return on equity of 9.98% and a net margin of 23.42%. The company had revenue of $63.89 million during the quarter.
Institutional investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. bought a new stake in shares of Willis Lease Finance in the first quarter worth about $223,000. JPMorgan Chase & Co. increased its holdings in shares of Willis Lease Finance by 109.2% in the first quarter. JPMorgan Chase & Co. now owns 8,454 shares of the transportation company’s stock worth $290,000 after acquiring an additional 4,413 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Willis Lease Finance by 307.1% in the fourth quarter. Deutsche Bank AG now owns 22,934 shares of the transportation company’s stock worth $570,000 after acquiring an additional 17,300 shares in the last quarter. Tredje AP fonden increased its holdings in shares of Willis Lease Finance by 19.4% in the first quarter. Tredje AP fonden now owns 46,742 shares of the transportation company’s stock worth $7,142,000 after acquiring an additional 7,590 shares in the last quarter. Finally, M3F Inc. increased its holdings in shares of Willis Lease Finance by 179.0% in the fourth quarter. M3F Inc. now owns 181,471 shares of the transportation company’s stock worth $4,531,000 after acquiring an additional 116,417 shares in the last quarter. Institutional investors own 35.57% of the company’s stock.
Separately, ValuEngine upgraded Willis Lease Finance from a “hold” rating to a “buy” rating in a report on Thursday, March 22nd.
Willis Lease Finance Company Profile
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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