Shares of Willis Lease Finance Corporation (NASDAQ:WLFC – Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $192.50 and last traded at $193.5050, with a volume of 1319 shares traded. The stock had previously closed at $63.88.
Analysts Set New Price Targets
WLFC has been the subject of several analyst reports. Weiss Ratings cut shares of Willis Lease Finance from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Freedom Capital lowered Willis Lease Finance from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.
Read Our Latest Research Report on WLFC
Willis Lease Finance Stock Up 203.4%
Willis Lease Finance (NASDAQ:WLFC – Get Free Report) last posted its earnings results on Tuesday, May 5th. The transportation company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.33. The company had revenue of $194.35 million for the quarter, compared to analysts’ expectations of $175.00 million. Willis Lease Finance had a net margin of 15.72% and a return on equity of 19.22%.
Willis Lease Finance Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 11th were paid a $0.1333 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, May 11th. Willis Lease Finance’s payout ratio is 9.72%.
Insider Activity at Willis Lease Finance
In related news, CEO Austin Chandler Willis sold 15,552 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $74.69, for a total transaction of $1,161,578.88. Following the completion of the transaction, the chief executive officer owned 450,888 shares of the company’s stock, valued at approximately $33,676,824.72. This trade represents a 3.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 53.32% of the company’s stock.
Institutional Trading of Willis Lease Finance
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Carlson Capital L.P. acquired a new position in Willis Lease Finance during the first quarter worth $528,000. Bank of America Corp DE grew its stake in shares of Willis Lease Finance by 34.5% in the first quarter. Bank of America Corp DE now owns 53,508 shares of the transportation company’s stock valued at $9,110,000 after buying an additional 13,731 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Willis Lease Finance in the first quarter valued at $293,000. Lazard Asset Management LLC raised its holdings in shares of Willis Lease Finance by 39.3% in the 1st quarter. Lazard Asset Management LLC now owns 3,260 shares of the transportation company’s stock valued at $555,000 after buying an additional 920 shares during the period. Finally, Corsair Capital Management L.P. raised its holdings in shares of Willis Lease Finance by 50.0% in the 1st quarter. Corsair Capital Management L.P. now owns 18,002 shares of the transportation company’s stock valued at $3,065,000 after buying an additional 6,000 shares during the period. Hedge funds and other institutional investors own 93.70% of the company’s stock.
About Willis Lease Finance
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.
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