ProShare Advisors LLC Acquires New Holdings in Willis Lease Finance Co. (NASDAQ:WLFC)

ProShare Advisors LLC bought a new position in shares of Willis Lease Finance Co. (NASDAQ:WLFC) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 395 shares of the transportation company’s stock, valued at approximately $27,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. BNP Paribas Financial Markets boosted its stake in Willis Lease Finance by 14.0% in the first quarter. BNP Paribas Financial Markets now owns 4,887 shares of the transportation company’s stock valued at $242,000 after acquiring an additional 599 shares in the last quarter. Empowered Funds LLC grew its stake in Willis Lease Finance by 7.7% during the 1st quarter. Empowered Funds LLC now owns 22,062 shares of the transportation company’s stock worth $1,095,000 after buying an additional 1,575 shares during the last quarter. Vanguard Group Inc. increased its position in Willis Lease Finance by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 104,869 shares of the transportation company’s stock valued at $5,204,000 after buying an additional 865 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in Willis Lease Finance in the first quarter valued at about $114,000. Finally, Nisa Investment Advisors LLC purchased a new stake in Willis Lease Finance in the second quarter valued at about $69,000. Institutional investors own 93.70% of the company’s stock.

Willis Lease Finance Stock Performance

Shares of WLFC stock opened at $151.58 on Tuesday. The company has a market capitalization of $995.88 million, a P/E ratio of 17.46 and a beta of 1.09. Willis Lease Finance Co. has a 12-month low of $39.74 and a 12-month high of $153.39. The business’s 50 day moving average is $113.37 and its two-hundred day moving average is $79.70. The company has a current ratio of 1.80, a quick ratio of 1.28 and a debt-to-equity ratio of 3.95.

Willis Lease Finance (NASDAQ:WLFC) last posted its quarterly earnings data on Thursday, August 1st. The transportation company reported $6.21 earnings per share (EPS) for the quarter. The business had revenue of $151.12 million for the quarter. Willis Lease Finance had a net margin of 18.16% and a return on equity of 19.51%.

Willis Lease Finance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend was Monday, August 12th. Willis Lease Finance’s dividend payout ratio (DPR) is 11.52%.

Analyst Ratings Changes

Separately, StockNews.com lowered Willis Lease Finance from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st.

Insider Transactions at Willis Lease Finance

In related news, President Brian Richard Hole sold 1,187 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $106.17, for a total value of $126,023.79. Following the completion of the sale, the president now owns 96,589 shares of the company’s stock, valued at approximately $10,254,854.13. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Robert J. Keady sold 534 shares of Willis Lease Finance stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $111.84, for a total transaction of $59,722.56. Following the sale, the insider now owns 13,424 shares of the company’s stock, valued at approximately $1,501,340.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Brian Richard Hole sold 1,187 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $106.17, for a total value of $126,023.79. Following the completion of the transaction, the president now owns 96,589 shares in the company, valued at $10,254,854.13. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,903 shares of company stock valued at $4,123,692. Corporate insiders own 57.02% of the company’s stock.

Willis Lease Finance 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.