Ritholtz Wealth Management Sells 929 Shares of Willis Lease Finance Corporation $WLFC

Ritholtz Wealth Management lowered its holdings in shares of Willis Lease Finance Corporation (NASDAQ:WLFC) by 37.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,557 shares of the transportation company’s stock after selling 929 shares during the quarter. Ritholtz Wealth Management’s holdings in Willis Lease Finance were worth $222,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Knights of Columbus Asset Advisors LLC lifted its position in Willis Lease Finance by 29.0% during the second quarter. Knights of Columbus Asset Advisors LLC now owns 14,191 shares of the transportation company’s stock valued at $2,026,000 after purchasing an additional 3,191 shares during the last quarter. Jane Street Group LLC bought a new position in Willis Lease Finance during the first quarter valued at $563,000. Caxton Associates LLP bought a new position in Willis Lease Finance during the first quarter valued at $758,000. Jones Financial Companies Lllp lifted its position in Willis Lease Finance by 50,634.3% during the first quarter. Jones Financial Companies Lllp now owns 17,757 shares of the transportation company’s stock valued at $2,805,000 after purchasing an additional 17,722 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Willis Lease Finance by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,700 shares of the transportation company’s stock valued at $269,000 after purchasing an additional 78 shares during the last quarter. Institutional investors own 93.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Willis Lease Finance in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Insider Buying and Selling

In related news, Chairman Charles F. Iv Willis sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $155.02, for a total value of $4,650,600.00. Following the transaction, the chairman owned 957,046 shares of the company’s stock, valued at $148,361,270.92. This trade represents a 3.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Austin Chandler Willis sold 3,400 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $145.15, for a total transaction of $493,510.00. Following the completion of the transaction, the chief executive officer directly owned 189,463 shares in the company, valued at $27,500,554.45. This represents a 1.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,258 shares of company stock valued at $7,211,666 in the last 90 days. Company insiders own 57.02% of the company’s stock.

Willis Lease Finance Price Performance

Willis Lease Finance stock opened at $129.57 on Wednesday. The firm has a 50-day moving average price of $144.15 and a 200-day moving average price of $142.15. The firm has a market capitalization of $882.37 million, a PE ratio of 7.70 and a beta of 1.06. The company has a current ratio of 5.98, a quick ratio of 5.55 and a debt-to-equity ratio of 4.53. Willis Lease Finance Corporation has a 12-month low of $124.90 and a 12-month high of $235.43.

Willis Lease Finance (NASDAQ:WLFC) last posted its quarterly earnings results on Tuesday, August 5th. The transportation company reported $8.43 EPS for the quarter, topping the consensus estimate of $2.57 by $5.86. The company had revenue of $195.50 million for the quarter, compared to the consensus estimate of $134.00 million. Willis Lease Finance had a net margin of 18.77% and a return on equity of 21.75%.

Willis Lease Finance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, August 12th. Willis Lease Finance’s dividend payout ratio (DPR) is currently 5.95%.

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.