Willis Lease Finance Corporation (NASDAQ:WLFC) SVP Austin Chandler Willis sold 10,364 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $23.36, for a total transaction of $242,103.04. Following the completion of the sale, the senior vice president now directly owns 94,979 shares of the company’s stock, valued at approximately $2,218,709.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Willis Lease Finance Corporation (NASDAQ:WLFC) opened at 23.86 on Friday. The stock has a market cap of $153.52 million, a PE ratio of 7.55 and a beta of 0.51. Willis Lease Finance Corporation has a 52-week low of $21.10 and a 52-week high of $28.06. The company’s 50 day moving average is $25.03 and its 200-day moving average is $24.92.
Several hedge funds have recently bought and sold shares of WLFC. New York State Common Retirement Fund raised its stake in Willis Lease Finance Corporation by 194.0% in the second quarter. New York State Common Retirement Fund now owns 8,528 shares of the transportation company’s stock worth $228,000 after buying an additional 5,627 shares during the period. Cowen Inc. bought a new stake in Willis Lease Finance Corporation during the second quarter worth about $228,000. Algert Global LLC bought a new stake in Willis Lease Finance Corporation during the second quarter worth about $240,000. Strs Ohio raised its stake in Willis Lease Finance Corporation by 5.8% in the second quarter. Strs Ohio now owns 18,100 shares of the transportation company’s stock worth $483,000 after buying an additional 1,000 shares during the period. Finally, Menta Capital LLC raised its stake in Willis Lease Finance Corporation by 4.6% in the second quarter. Menta Capital LLC now owns 24,814 shares of the transportation company’s stock worth $663,000 after buying an additional 1,081 shares during the period. 37.69% of the stock is owned by institutional investors and hedge funds.
About Willis Lease Finance Corporation
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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