Charles Schwab Investment Management Inc. Raises Position in Willis Lease Finance Co. (NASDAQ:WLFC)

Charles Schwab Investment Management Inc. increased its stake in Willis Lease Finance Co. (NASDAQ:WLFC) by 173.7% during the third quarter, HoldingsChannel reports. The firm owned 22,990 shares of the transportation company’s stock after acquiring an additional 14,590 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Willis Lease Finance were worth $3,421,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. ProShare Advisors LLC bought a new stake in shares of Willis Lease Finance in the second quarter valued at $27,000. Innealta Capital LLC purchased a new stake in Willis Lease Finance in the 2nd quarter worth about $44,000. Nisa Investment Advisors LLC bought a new stake in Willis Lease Finance in the 2nd quarter valued at about $69,000. SG Americas Securities LLC purchased a new stake in Willis Lease Finance during the third quarter valued at about $146,000. Finally, Ritholtz Wealth Management bought a new position in Willis Lease Finance during the third quarter worth about $312,000. Hedge funds and other institutional investors own 93.70% of the company’s stock.

Insider Buying and Selling at Willis Lease Finance

In other Willis Lease Finance news, Director Rae Ann Mckeating sold 500 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $194.32, for a total value of $97,160.00. Following the sale, the director now owns 16,500 shares of the company’s stock, valued at $3,206,280. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Brian Richard Hole sold 20,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $203.31, for a total value of $4,066,200.00. Following the transaction, the president now directly owns 81,164 shares of the company’s stock, valued at $16,501,452.84. The trade was a 19.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,500 shares of company stock valued at $5,164,310 in the last three months. Company insiders own 57.02% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Willis Lease Finance from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th.

Willis Lease Finance Trading Down 3.0 %

Shares of WLFC opened at $209.99 on Friday. The business’s 50-day moving average price is $195.62 and its 200-day moving average price is $128.14. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 3.84. Willis Lease Finance Co. has a twelve month low of $45.32 and a twelve month high of $235.43. The stock has a market cap of $1.39 billion, a PE ratio of 14.88 and a beta of 1.09.

Willis Lease Finance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 12th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Tuesday, November 12th. Willis Lease Finance’s dividend payout ratio is presently 7.09%.

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.