Willis Lease Finance (NASDAQ:WLFC) Sets New 1-Year High – Here’s Why

Shares of Willis Lease Finance Corporation (NASDAQ:WLFC) reached a new 52-week high during trading on Monday . The company traded as high as $217.54 and last traded at $209.2490, with a volume of 134850 shares traded. The stock had previously closed at $209.77.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Willis Lease Finance in a research report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Willis Lease Finance Trading Down 1.4%

The company has a market cap of $1.60 billion, a P/E ratio of 13.42 and a beta of 0.76. The company has a quick ratio of 3.52, a current ratio of 3.86 and a debt-to-equity ratio of 4.08. The business has a fifty day moving average price of $187.95 and a 200-day moving average price of $158.03.

Willis Lease Finance (NASDAQ:WLFC) last released its quarterly earnings results on Tuesday, March 10th. The transportation company reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $3.38 by ($1.86). Willis Lease Finance had a return on equity of 18.00% and a net margin of 15.38%.The business had revenue of $193.62 million for the quarter, compared to the consensus estimate of $149.00 million.

Insider Buying and Selling

In related news, CEO Austin Chandler Willis sold 3,400 shares of Willis Lease Finance stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $173.55, for a total value of $590,070.00. Following the transaction, the chief executive officer directly owned 183,475 shares of the company’s stock, valued at $31,842,086.25. This trade represents a 1.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Charles F. Iv Willis sold 9,727 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $170.09, for a total transaction of $1,654,465.43. Following the transaction, the chairman owned 933,234 shares of the company’s stock, valued at approximately $158,733,771.06. This represents a 1.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 22,797 shares of company stock valued at $3,964,697. 57.02% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WLFC. Smartleaf Asset Management LLC acquired a new position in Willis Lease Finance during the fourth quarter worth about $46,000. Osaic Holdings Inc. grew its holdings in shares of Willis Lease Finance by 742.5% during the 2nd quarter. Osaic Holdings Inc. now owns 337 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 297 shares during the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Willis Lease Finance during the 2nd quarter valued at approximately $54,000. Larson Financial Group LLC increased its position in Willis Lease Finance by 197.9% during the 3rd quarter. Larson Financial Group LLC now owns 694 shares of the transportation company’s stock worth $95,000 after purchasing an additional 461 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Willis Lease Finance in the 2nd quarter valued at approximately $109,000. Institutional investors own 93.70% of the company’s stock.

Willis Lease Finance Company Profile

Willis Lease Finance Corporation (NASDAQ: WLFC) is an independent global provider of aircraft engine leasing, trading and aftermarket services. Founded in 1991 and headquartered in the United States, the company specializes in offering short- and long-term operating leases for jet engines and auxiliary power units. Through its broad engine portfolio, Willis Lease Finance supports a wide range of commercial aircraft across various operators, including major airlines, regional carriers and other leasing companies.

In addition to leasing solutions, Willis Lease Finance offers comprehensive engine trading and asset management services.