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

Willis Lease Finance Co. (NASDAQ:WLFC)’s stock price traded down 5.9% during trading on Tuesday . The company traded as low as $140.00 and last traded at $140.00. 9,897 shares traded hands 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 Analysts Forecast Growth

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 Price Performance

The business’s 50 day moving average price is $107.04 and its two-hundred day moving average price is $76.19. The company has a current ratio of 1.80, a quick ratio of 1.28 and a debt-to-equity ratio of 3.95. The stock has a market cap of $954.75 million, a P/E ratio of 17.14 and a beta of 1.07.

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

Willis Lease Finance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were issued a $0.25 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.69%. Willis Lease Finance’s dividend payout ratio (DPR) is 11.52%.

Insider Activity

In related news, insider Robert J. Keady sold 1,225 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $92.08, for a total value of $112,798.00. Following the completion of the transaction, the insider now directly owns 27,905 shares in the company, valued at approximately $2,569,492.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Willis Lease Finance news, insider Robert J. Keady sold 1,378 shares of Willis Lease Finance stock in a transaction on Friday, August 30th. The stock was sold at an average price of $106.66, for a total transaction of $146,977.48. Following the completion of the transaction, the insider now owns 7,119 shares in the company, valued at $759,312.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert J. Keady sold 1,225 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $92.08, for a total transaction of $112,798.00. Following the completion of the transaction, the insider now owns 27,905 shares in the company, valued at approximately $2,569,492.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,903 shares of company stock worth $4,123,692. Corporate insiders own 57.02% of the company’s stock.

Institutional Investors Weigh In On Willis Lease Finance

Several institutional investors and hedge funds have recently made changes to their positions in the company. ProShare Advisors LLC bought a new position in Willis Lease Finance in the 2nd quarter valued at approximately $27,000. Innealta Capital LLC purchased a new stake in shares of Willis Lease Finance during the second quarter valued at $44,000. Nisa Investment Advisors LLC purchased a new stake in shares of Willis Lease Finance during the second quarter valued at $69,000. Hillsdale Investment Management Inc. bought a new stake in Willis Lease Finance in the 1st quarter worth about $114,000. Finally, BNP Paribas Financial Markets lifted its stake in Willis Lease Finance by 14.0% during the 1st quarter. BNP Paribas Financial Markets now owns 4,887 shares of the transportation company’s stock valued at $242,000 after acquiring an additional 599 shares during the period. Institutional investors own 93.70% of the company’s stock.

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.