Willis Lease Finance Co. (NASDAQ:WLFC – Get Rating) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 22,600 shares, a drop of 38.1% from the August 15th total of 36,500 shares. Based on an average daily trading volume, of 15,600 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.0% of the shares of the company are short sold.
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Willis Lease Finance Trading Down 0.1 %
Shares of WLFC stock opened at $36.07 on Wednesday. The business’s fifty day moving average price is $38.22 and its 200 day moving average price is $35.52. The firm has a market capitalization of $219.92 million, a PE ratio of -14.84 and a beta of 1.08. The company has a debt-to-equity ratio of 4.62, a current ratio of 2.84 and a quick ratio of 2.06. Willis Lease Finance has a 1-year low of $30.22 and a 1-year high of $43.38.
Analyst Ratings Changes
Separately, StockNews.com upgraded Willis Lease Finance from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 25th.
Insider Buying and Selling
In other Willis Lease Finance news, CEO Austin Chandler Willis sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $37.28, for a total transaction of $186,400.00. Following the completion of the sale, the chief executive officer now directly owns 77,688 shares of the company’s stock, valued at approximately $2,896,208.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Scott B. Flaherty sold 3,292 shares of the firm’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $40.02, for a total value of $131,745.84. Following the completion of the sale, the chief financial officer now owns 82,239 shares in the company, valued at approximately $3,291,204.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Austin Chandler Willis sold 5,000 shares of the business’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $37.28, for a total transaction of $186,400.00. Following the transaction, the chief executive officer now owns 77,688 shares in the company, valued at $2,896,208.64. The disclosure for this sale can be found here. Insiders have sold a total of 13,292 shares of company stock valued at $493,871 over the last quarter. 54.26% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Willis Lease Finance
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Hedge funds have recently added to or reduced their stakes in the business. M3F Inc. lifted its holdings in shares of Willis Lease Finance by 15.5% in the second quarter. M3F Inc. now owns 563,404 shares of the transportation company’s stock valued at $21,116,000 after purchasing an additional 75,645 shares in the last quarter. RBF Capital LLC lifted its stake in Willis Lease Finance by 79.2% in the 1st quarter. RBF Capital LLC now owns 107,096 shares of the transportation company’s stock valued at $3,454,000 after buying an additional 47,320 shares in the last quarter. Millennium Management LLC grew its holdings in Willis Lease Finance by 274.6% during the 2nd quarter. Millennium Management LLC now owns 31,435 shares of the transportation company’s stock valued at $1,178,000 after buying an additional 23,043 shares during the last quarter. Citadel Advisors LLC purchased a new position in Willis Lease Finance during the second quarter worth $390,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Willis Lease Finance by 29.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,629 shares of the transportation company’s stock worth $278,000 after acquiring an additional 1,955 shares during the last quarter. 85.26% of the stock is currently owned by hedge funds and other institutional investors.
Willis Lease Finance Company Profile
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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.
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