Insider Selling: Willis Lease Finance Co. (NASDAQ:WLFC) CFO Sells $1,000,950.00 in Stock

Willis Lease Finance Co. (NASDAQ:WLFC) CFO Scott B. Flaherty sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $200.19, for a total transaction of $1,000,950.00. Following the completion of the transaction, the chief financial officer now owns 74,955 shares in the company, valued at $15,005,241.45. This trade represents a 6.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Willis Lease Finance Price Performance

Shares of NASDAQ:WLFC opened at $198.16 on Friday. The firm’s 50 day moving average price is $165.11 and its 200-day moving average price is $107.88. Willis Lease Finance Co. has a twelve month low of $44.07 and a twelve month high of $235.43. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 3.84. The stock has a market capitalization of $1.31 billion, a PE ratio of 14.04 and a beta of 1.06.

Willis Lease Finance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.25 per share. 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 payout ratio is 7.09%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Willis Lease Finance

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in Willis Lease Finance by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 67,021 shares of the transportation company’s stock worth $9,975,000 after acquiring an additional 1,886 shares during the period. Barclays PLC raised its position in shares of Willis Lease Finance by 221.7% during the third quarter. Barclays PLC now owns 3,738 shares of the transportation company’s stock valued at $556,000 after buying an additional 2,576 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Willis Lease Finance during the third quarter valued at approximately $531,000. State Street Corp raised its position in shares of Willis Lease Finance by 7.6% during the third quarter. State Street Corp now owns 39,926 shares of the transportation company’s stock valued at $5,941,000 after buying an additional 2,805 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. bought a new stake in shares of Willis Lease Finance during the third quarter valued at approximately $4,136,000. Institutional investors own 93.70% of the company’s stock.

About Willis Lease Finance

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.