Willis Lease Finance (NASDAQ:WLFC) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Willis Lease Finance Co. (NASDAQ:WLFC)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $149.23 and traded as high as $207.54. Willis Lease Finance shares last traded at $205.40, with a volume of 22,787 shares traded.

Analysts Set New Price Targets

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

Willis Lease Finance Stock Down 0.7 %

The business has a 50-day simple moving average of $206.94 and a 200-day simple moving average of $149.23. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 3.84. The stock has a market cap of $1.36 billion, a P/E ratio of 14.56 and a beta of 1.11.

Willis Lease Finance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 12th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Tuesday, November 12th. Willis Lease Finance’s dividend payout ratio is 7.09%.

Insider Buying and Selling

In other news, Director Rae Ann Mckeating sold 500 shares of the business’s stock in a transaction dated 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Brian Richard Hole sold 20,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $203.31, for a total transaction 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 approximately $16,501,452.84. The trade was a 19.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,500 shares of company stock valued at $5,164,310. Insiders own 57.02% of the company’s stock.

Hedge Funds Weigh In On Willis Lease Finance

Large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in shares of Willis Lease Finance by 4.0% during the second quarter. Rhumbline Advisers now owns 6,691 shares of the transportation company’s stock valued at $464,000 after purchasing an additional 259 shares during the period. ProShare Advisors LLC bought a new stake in Willis Lease Finance in the 2nd quarter valued at $27,000. SG Americas Securities LLC acquired a new position in shares of Willis Lease Finance in the 3rd quarter valued at $146,000. Bank of New York Mellon Corp lifted its holdings in shares of Willis Lease Finance by 6.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 19,732 shares of the transportation company’s stock worth $1,367,000 after acquiring an additional 1,187 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Willis Lease Finance by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 67,021 shares of the transportation company’s stock valued at $9,975,000 after acquiring an additional 1,886 shares in the last quarter. Institutional investors and hedge funds own 93.70% of the company’s stock.

About Willis Lease Finance

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.