Willis Lease Finance Corporation (NASDAQ:WLFC) CEO Charles F. Iv Willis sold 500 shares of Willis Lease Finance stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $24.95, for a total transaction of $12,475.00. Following the completion of the transaction, the chief executive officer now directly owns 647,877 shares of the company’s stock, valued at $16,164,531.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Willis Lease Finance Corporation (NASDAQ WLFC) traded down $0.13 during trading on Wednesday, reaching $25.65. 3,695 shares of the company’s stock traded hands, compared to its average volume of 19,154. Willis Lease Finance Corporation has a twelve month low of $21.10 and a twelve month high of $28.06. The stock has a market capitalization of $166.31, a PE ratio of 4.27 and a beta of 0.66.
A number of hedge funds and other institutional investors have recently made changes to their positions in WLFC. Cowen Inc. bought a new position in shares of Willis Lease Finance in the second quarter worth approximately $228,000. New York State Common Retirement Fund boosted its position in shares of Willis Lease Finance 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 purchasing an additional 5,627 shares during the period. Algert Global LLC purchased a new position in shares of Willis Lease Finance in the second quarter worth $240,000. Strs Ohio lifted its holdings in shares of Willis Lease Finance 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 in the last quarter. Finally, Menta Capital LLC lifted its holdings in shares of Willis Lease Finance 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 in the last quarter. Institutional investors 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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