Willis Lease Finance (NASDAQ:WLFC) Shares Pass Above 200 Day Moving Average of $68.77

Willis Lease Finance Co. (NASDAQ:WLFC)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $68.77 and traded as high as $112.43. Willis Lease Finance shares last traded at $112.35, with a volume of 19,089 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com cut Willis Lease Finance from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st.

Willis Lease Finance Stock Up 3.3 %

The company has a market cap of $738.14 million, a price-to-earnings ratio of 12.94 and a beta of 1.07. The company has a debt-to-equity ratio of 3.95, a quick ratio of 1.28 and a current ratio of 1.80. The business has a 50-day simple moving average of $92.62 and a 200-day simple moving average of $68.77.

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

Willis Lease Finance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were given a dividend of $0.25 per share. The ex-dividend date was Monday, August 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.89%. Willis Lease Finance’s dividend payout ratio (DPR) is currently 11.52%.

Insider Activity at Willis Lease Finance

In other Willis Lease Finance news, insider Robert J. Keady sold 534 shares of Willis Lease Finance stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $111.84, for a total transaction of $59,722.56. Following the completion of the sale, the insider now directly owns 13,424 shares of the company’s stock, valued at approximately $1,501,340.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, President Brian Richard Hole sold 6,147 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $67.09, for a total value of $412,402.23. Following the completion of the transaction, the president now directly owns 107,875 shares of the company’s stock, valued at $7,237,333.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert J. Keady sold 534 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $111.84, for a total transaction of $59,722.56. Following the sale, the insider now directly owns 13,424 shares in the company, valued at approximately $1,501,340.16. The disclosure for this sale can be found here. Insiders have sold 45,343 shares of company stock valued at $4,556,534 over the last quarter. 57.02% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Rhumbline Advisers lifted its position in Willis Lease Finance by 4.0% in the second quarter. Rhumbline Advisers now owns 6,691 shares of the transportation company’s stock valued at $464,000 after acquiring an additional 259 shares during the last quarter. ProShare Advisors LLC acquired a new stake in shares of Willis Lease Finance during the second quarter worth about $27,000. BNP Paribas Financial Markets lifted its holdings in shares of Willis Lease Finance by 14.0% in the 1st quarter. BNP Paribas Financial Markets now owns 4,887 shares of the transportation company’s stock valued at $242,000 after purchasing an additional 599 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Willis Lease Finance in the 2nd quarter valued at about $44,000. Finally, Vanguard Group Inc. grew its stake in Willis Lease Finance by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 104,869 shares of the transportation company’s stock worth $5,204,000 after buying an additional 865 shares during the last quarter. Institutional investors and hedge funds 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.