Fmr LLC Sells 192 Shares of Willis Lease Finance Co. (NASDAQ:WLFC)

Fmr LLC decreased its position in shares of Willis Lease Finance Co. (NASDAQ:WLFC) by 7.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,533 shares of the transportation company’s stock after selling 192 shares during the period. Fmr LLC’s holdings in Willis Lease Finance were worth $377,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in WLFC. ProShare Advisors LLC bought a new position in shares of Willis Lease Finance in the second quarter worth about $27,000. Innealta Capital LLC bought a new position in Willis Lease Finance in the 2nd quarter valued at approximately $44,000. Nisa Investment Advisors LLC bought a new position in Willis Lease Finance in the 2nd quarter valued at approximately $69,000. SG Americas Securities LLC acquired a new stake in Willis Lease Finance in the third quarter valued at approximately $146,000. Finally, Ritholtz Wealth Management bought a new stake in shares of Willis Lease Finance during the third quarter worth $312,000. 93.70% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Rae Ann Mckeating sold 500 shares of Willis Lease Finance stock in a transaction on Monday, November 18th. The shares were sold at an average price of $194.32, for a total transaction of $97,160.00. Following the transaction, the director now owns 16,500 shares in the company, valued at approximately $3,206,280. The trade was a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Brian Richard Hole sold 20,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $203.31, for a total value of $4,066,200.00. Following the completion of the sale, the president now owns 81,164 shares of the company’s stock, valued at $16,501,452.84. The trade was a 19.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,500 shares of company stock valued at $5,164,310 in the last ninety days. 57.02% of the stock is currently owned by insiders.

Willis Lease Finance Stock Performance

Shares of WLFC stock opened at $198.70 on Friday. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 14.08 and a beta of 1.09. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 3.84. The business’s 50-day moving average price is $199.53 and its 200-day moving average price is $131.61. Willis Lease Finance Co. has a 12 month low of $45.32 and a 12 month high of $235.43.

Willis Lease Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Tuesday, November 12th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.00 annualized dividend and a yield of 0.50%. Willis Lease Finance’s dividend payout ratio is presently 7.09%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Willis Lease Finance from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th.

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.