BNP Paribas Financial Markets Has $102,000 Holdings in Willis Lease Finance Co. (NASDAQ:WLFC)

BNP Paribas Financial Markets decreased its holdings in shares of Willis Lease Finance Co. (NASDAQ:WLFC) by 82.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 684 shares of the transportation company’s stock after selling 3,222 shares during the quarter. BNP Paribas Financial Markets’ holdings in Willis Lease Finance were worth $102,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Empowered Funds LLC boosted its stake in Willis Lease Finance by 39.4% in the third quarter. Empowered Funds LLC now owns 33,008 shares of the transportation company’s stock valued at $4,912,000 after acquiring an additional 9,326 shares during the last quarter. Pekin Hardy Strauss Inc. acquired a new position in shares of Willis Lease Finance in the 3rd quarter valued at $4,136,000. Charles Schwab Investment Management Inc. boosted its position in shares of Willis Lease Finance by 173.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,990 shares of the transportation company’s stock worth $3,421,000 after purchasing an additional 14,590 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Willis Lease Finance by 6.4% during the second quarter. Bank of New York Mellon Corp now owns 19,732 shares of the transportation company’s stock worth $1,367,000 after purchasing an additional 1,187 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Willis Lease Finance by 48.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,663 shares of the transportation company’s stock valued at $2,628,000 after purchasing an additional 5,731 shares during the last quarter. 93.70% of the stock is owned by institutional investors.

Willis Lease Finance Stock Down 8.0 %

Shares of NASDAQ:WLFC opened at $196.51 on Thursday. The company has a 50 day moving average price of $198.82 and a two-hundred day moving average price of $131.14. The company has a market capitalization of $1.30 billion, a PE ratio of 13.93 and a beta of 1.09. Willis Lease Finance Co. has a 52 week low of $45.32 and a 52 week high of $235.43. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.76 and a current ratio of 1.16.

Willis Lease Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.00 annualized dividend and a yield of 0.51%. Willis Lease Finance’s dividend payout ratio is presently 7.09%.

Insider Activity

In other Willis Lease Finance news, Director Rae Ann Mckeating sold 500 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $194.32, for a total value of $97,160.00. Following the sale, the director now owns 16,500 shares in the company, valued at approximately $3,206,280. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Brian Richard Hole sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $203.31, for a total value of $4,066,200.00. Following the completion of the sale, the president now owns 81,164 shares in the company, valued at $16,501,452.84. The trade was a 19.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,500 shares of company stock worth $5,164,310 in the last 90 days. Corporate insiders own 57.02% of the company’s stock.

Analysts Set New Price Targets

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

Willis Lease Finance 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.