Insider Selling: Willis Lease Finance Corporation (WLFC) Director Sells $12,915.00 in Stock
Willis Lease Finance Corporation (NASDAQ:WLFC) Director Robert T. Morris sold 500 shares of Willis Lease Finance stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $25.83, for a total value of $12,915.00. Following the transaction, the director now directly owns 11,020 shares in the company, valued at approximately $284,646.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Willis Lease Finance Corporation (NASDAQ:WLFC) traded down $0.07 during trading on Friday, hitting $25.48. The stock had a trading volume of 3,858 shares, compared to its average volume of 9,334. The firm has a market cap of $163.55, a price-to-earnings ratio of 4.20 and a beta of 0.66. Willis Lease Finance Corporation has a fifty-two week low of $21.10 and a fifty-two week high of $28.06.
Several institutional investors have recently made changes to their positions in WLFC. Spark Investment Management LLC acquired a new stake in shares of Willis Lease Finance during the 2nd quarter valued at about $732,000. Algert Global LLC acquired a new stake in shares of Willis Lease Finance during the 2nd quarter valued at about $240,000. Cowen Inc. acquired a new stake in shares of Willis Lease Finance during the 2nd quarter valued at about $228,000. LSV Asset Management lifted its holdings in shares of Willis Lease Finance by 15.5% during the 2nd quarter. LSV Asset Management now owns 55,382 shares of the transportation company’s stock valued at $1,480,000 after buying an additional 7,451 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Willis Lease Finance by 11.7% during the 2nd quarter. State Street Corp now owns 54,017 shares of the transportation company’s stock valued at $1,446,000 after buying an additional 5,668 shares during the last quarter. Institutional investors and hedge funds own 36.52% of the company’s stock.
About Willis Lease Finance
Willis Lease Finance Corporation along with its subsidiaries is a lessor of commercial aircraft engines. The Company operates through two business segments, such as Leasing and Related Operations, and Spare Parts Sales. The Leasing and Related Operations segment involves acquiring and leasing, primarily pursuant to operating leases, commercial aircraft, aircraft engines and other aircraft equipment, and the selective purchase and resale of commercial aircraft engines and other aircraft equipment.
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