Barclays PLC Acquires 2,576 Shares of Willis Lease Finance Co. (NASDAQ:WLFC)

Barclays PLC grew its holdings in Willis Lease Finance Co. (NASDAQ:WLFC) by 221.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,738 shares of the transportation company’s stock after acquiring an additional 2,576 shares during the quarter. Barclays PLC owned 0.06% of Willis Lease Finance worth $556,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of WLFC. Geode Capital Management LLC grew its position in shares of Willis Lease Finance by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 67,021 shares of the transportation company’s stock valued at $9,975,000 after purchasing an additional 1,886 shares during the period. Jane Street Group LLC acquired a new position in shares of Willis Lease Finance in the third quarter valued at approximately $531,000. State Street Corp increased its position in shares of Willis Lease Finance by 7.6% during the third quarter. State Street Corp now owns 39,926 shares of the transportation company’s stock worth $5,941,000 after acquiring an additional 2,805 shares in the last quarter. Pekin Hardy Strauss Inc. bought a new stake in shares of Willis Lease Finance during the third quarter worth $4,136,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Willis Lease Finance by 173.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,990 shares of the transportation company’s stock valued at $3,421,000 after acquiring an additional 14,590 shares in the last quarter. Institutional investors and hedge funds own 93.70% of the company’s stock.

Insider Activity at Willis Lease Finance

In related news, President Brian Richard Hole sold 20,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $203.31, for a total transaction of $4,066,200.00. Following the completion of the transaction, the president now directly owns 81,164 shares of the company’s stock, valued at approximately $16,501,452.84. This represents a 19.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Rae Ann Mckeating sold 500 shares of the firm’s 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 completion of the transaction, the director now directly owns 16,500 shares of the company’s stock, valued at $3,206,280. This represents a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,500 shares of company stock valued at $5,164,310. Corporate insiders own 57.02% of the company’s stock.

Willis Lease Finance Trading Down 1.4 %

NASDAQ WLFC opened at $198.01 on Friday. Willis Lease Finance Co. has a 52 week low of $45.76 and a 52 week high of $235.43. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.76 and a current ratio of 1.16. The stock’s 50 day moving average price is $207.12 and its two-hundred day moving average price is $152.83. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 14.03 and a beta of 1.11.

Willis Lease Finance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Tuesday, November 12th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Tuesday, November 12th. Willis Lease Finance’s payout ratio is 7.09%.

Analyst Ratings Changes

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

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.