Ritholtz Wealth Management Takes Position in Willis Lease Finance Co. (NASDAQ:WLFC)

Ritholtz Wealth Management bought a new stake in Willis Lease Finance Co. (NASDAQ:WLFC) during the third quarter, Holdings Channel reports. The institutional investor bought 2,097 shares of the transportation company’s stock, valued at approximately $312,000.

Other large investors also recently made changes to their positions in the company. ProShare Advisors LLC acquired a new position in Willis Lease Finance in the second quarter worth approximately $27,000. Innealta Capital LLC acquired a new position in Willis Lease Finance in the second quarter worth approximately $44,000. Nisa Investment Advisors LLC acquired a new position in Willis Lease Finance in the second quarter worth approximately $69,000. Hillsdale Investment Management Inc. acquired a new position in Willis Lease Finance in the first quarter worth approximately $114,000. Finally, SG Americas Securities LLC acquired a new position in Willis Lease Finance in the third quarter worth approximately $146,000. Institutional investors and hedge funds own 93.70% of the company’s stock.

Willis Lease Finance Stock Up 1.5 %

WLFC opened at $189.07 on Thursday. Willis Lease Finance Co. has a 1-year low of $39.74 and a 1-year high of $193.73. 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 capitalization of $1.24 billion, a price-to-earnings ratio of 14.69 and a beta of 1.09. The business has a 50 day moving average of $124.58 and a 200-day moving average of $85.52.

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

Willis Lease Finance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.53%. Willis Lease Finance’s dividend payout ratio (DPR) is currently 7.77%.

Insider Buying and Selling

In related news, insider Robert J. Keady sold 2,528 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $91.08, for a total value of $230,250.24. Following the completion of the transaction, the insider now directly owns 22,478 shares of the company’s stock, valued at $2,047,296.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Robert J. Keady sold 1,225 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was 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 of the company’s stock, valued at $2,569,492.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert J. Keady sold 2,528 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $91.08, for a total value of $230,250.24. Following the transaction, the insider now owns 22,478 shares of the company’s stock, valued at $2,047,296.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,903 shares of company stock valued at $4,123,692 over the last ninety days. 57.02% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.