Los Angeles Capital Management LLC Lowers Stock Holdings in Willis Lease Finance Co. (NASDAQ:WLFC)

Los Angeles Capital Management LLC cut its stake in Willis Lease Finance Co. (NASDAQ:WLFC) by 54.5% in the third quarter, HoldingsChannel reports. The firm owned 2,120 shares of the transportation company’s stock after selling 2,540 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Willis Lease Finance were worth $315,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WLFC. Hillsdale Investment Management Inc. purchased a new position in Willis Lease Finance in the first quarter valued at $114,000. Ritholtz Wealth Management purchased a new position in Willis Lease Finance in the third quarter valued at $312,000. Bank of New York Mellon Corp boosted its holdings in Willis Lease Finance by 6.4% in the second quarter. Bank of New York Mellon Corp now owns 19,732 shares of the transportation company’s stock valued at $1,367,000 after purchasing an additional 1,187 shares during the period. Nisa Investment Advisors LLC purchased a new position in Willis Lease Finance in the second quarter valued at $69,000. Finally, SG Americas Securities LLC purchased a new position in Willis Lease Finance in the third quarter valued at $146,000. 93.70% of the stock is currently owned by hedge funds and other institutional investors.

Willis Lease Finance Stock Down 1.4 %

Willis Lease Finance stock opened at $198.16 on Monday. Willis Lease Finance Co. has a 1-year low of $44.07 and a 1-year high of $235.43. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.16 and a quick ratio of 0.76. The stock has a market cap of $1.31 billion, a PE ratio of 14.04 and a beta of 1.06. The stock’s fifty day moving average is $165.11 and its two-hundred day moving average is $108.29.

Willis Lease Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Tuesday, November 12th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Tuesday, November 12th. Willis Lease Finance’s dividend payout ratio is presently 7.09%.

Insider Buying and Selling at Willis Lease Finance

In other news, President Brian Richard Hole sold 1,314 shares of Willis Lease Finance stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $105.84, for a total transaction of $139,073.76. Following the sale, the president now owns 99,587 shares in the company, valued at approximately $10,540,288.08. The trade was a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Scott B. Flaherty sold 1,742 shares of Willis Lease Finance stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $109.22, for a total value of $190,261.24. Following the sale, the chief financial officer now owns 93,213 shares in the company, valued at $10,180,723.86. This trade represents a 1.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,673 shares of company stock worth $8,506,302 over the last ninety days. Corporate insiders own 57.02% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Willis Lease Finance from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th.

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.