By otakuyassine3@gmail.com 
Willis Lease Finance Co. (NASDAQ:WLFC – Get Free Report)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $149.23 and traded as high as $207.54. Willis Lease Finance shares last traded at $205.40, with a volume of 22,787 shares changing hands.
Wall Street Analyst Weigh In
Separately, StockNews.com cut Willis Lease Finance from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th.
Read Our Latest Research Report on Willis Lease Finance
Willis Lease Finance Price Performance
The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 3.84. The business has a fifty day simple moving average of $208.10 and a 200 day simple moving average of $151.23. The stock has a market capitalization of $1.34 billion, a P/E ratio of 14.39 and a beta of 1.11.
Willis Lease Finance Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Tuesday, November 12th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Tuesday, November 12th. Willis Lease Finance’s payout ratio is currently 7.09%.
Insiders Place Their Bets
In related news, President Brian Richard Hole sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $203.31, for a total value of $4,066,200.00. Following the transaction, the president now owns 81,164 shares in the company, valued at approximately $16,501,452.84. This represents a 19.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Scott B. Flaherty sold 5,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $200.19, for a total value of $1,000,950.00. Following the transaction, the chief financial officer now directly owns 74,955 shares of the company’s stock, valued at approximately $15,005,241.45. This trade represents a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,500 shares of company stock valued at $5,164,310 in the last 90 days. 57.02% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Willis Lease Finance
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pekin Hardy Strauss Inc. bought a new stake in shares of Willis Lease Finance in the third quarter valued at approximately $4,136,000. Charles Schwab Investment Management Inc. boosted its holdings in 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 buying an additional 14,590 shares during the period. Empowered Funds LLC grew its stake in Willis Lease Finance by 39.4% in the 3rd quarter. Empowered Funds LLC now owns 33,008 shares of the transportation company’s stock valued at $4,912,000 after buying an additional 9,326 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in 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 acquiring an additional 5,731 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Willis Lease Finance during the third quarter worth $531,000. 93.70% of the stock is currently owned by institutional investors.
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.
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