Insider Selling: Willis Lease Finance Co. (NASDAQ:WLFC) President Sells 20,000 Shares of Stock

Willis Lease Finance Co. (NASDAQ:WLFC) President Brian Richard Hole sold 20,000 shares of the company’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 transaction, the president now directly owns 81,164 shares in the company, valued at approximately $16,501,452.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Brian Richard Hole also recently made the following trade(s):

• On Friday, August 30th, Brian Richard Hole sold 1,187 shares of Willis Lease Finance stock. The stock was sold at an average price of $106.17, for a total value of $126,023.79.
• On Wednesday, August 28th, Brian Richard Hole sold 1,314 shares of Willis Lease Finance stock. The shares were sold at an average price of $105.84, for a total transaction of $139,073.76.

Willis Lease Finance Stock Down 2.0 %

NASDAQ WLFC traded down $4.10 during trading on Tuesday, hitting $204.11. The stock had a trading volume of 39,768 shares, compared to its average volume of 21,511. The company has a market capitalization of $1.35 billion, a PE ratio of 14.77 and a beta of 1.06. Willis Lease Finance Co. has a 12 month low of $43.64 and a 12 month high of $235.43. The company’s 50-day moving average price is $157.18 and its two-hundred day moving average price is $104.01. The company has a debt-to-equity ratio of 3.84, a quick ratio of 1.28 and a current ratio of 1.16.

Willis Lease Finance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 12th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Tuesday, November 12th. Willis Lease Finance’s payout ratio is presently 7.09%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its position in shares of Willis Lease Finance by 173.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 22,990 shares of the transportation company’s stock valued at $3,421,000 after buying an additional 14,590 shares during the period. Empowered Funds LLC grew its stake in shares of Willis Lease Finance by 39.4% in the third quarter. Empowered Funds LLC now owns 33,008 shares of the transportation company’s stock worth $4,912,000 after purchasing an additional 9,326 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Willis Lease Finance by 48.0% during the 3rd 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 in the last quarter. Navellier & Associates Inc. bought a new position in shares of Willis Lease Finance during the third quarter valued at approximately $525,000. Finally, Hillsdale Investment Management Inc. bought a new position in shares of Willis Lease Finance in the first quarter worth approximately $114,000. 93.70% of the stock is owned by institutional investors.

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.