Willis Lease Finance Co. (NASDAQ:WLFC) Holdings Lowered by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in Willis Lease Finance Co. (NASDAQ:WLFC) by 0.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 487,591 shares of the transportation company’s stock after selling 2,822 shares during the period. Dimensional Fund Advisors LP owned approximately 7.41% of Willis Lease Finance worth $33,790,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Rhumbline Advisers lifted its position in Willis Lease Finance by 4.0% in the second quarter. Rhumbline Advisers now owns 6,691 shares of the transportation company’s stock worth $464,000 after purchasing an additional 259 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of 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 buying an additional 599 shares during the period. Innealta Capital LLC bought a new position in Willis Lease Finance during the second quarter valued at about $44,000. Vanguard Group Inc. grew its holdings in Willis Lease Finance by 0.8% during the first quarter. Vanguard Group Inc. now owns 104,869 shares of the transportation company’s stock worth $5,204,000 after acquiring an additional 865 shares during the period. Finally, Nisa Investment Advisors LLC bought a new stake in Willis Lease Finance in the second quarter worth about $69,000. Institutional investors and hedge funds own 93.70% of the company’s stock.

Willis Lease Finance Stock Performance

WLFC opened at $144.72 on Wednesday. The business has a fifty day simple moving average of $107.04 and a 200-day simple moving average of $76.19. The firm has a market cap of $950.78 million, a PE ratio of 16.67 and a beta of 1.07. The company has a quick ratio of 1.28, a current ratio of 1.80 and a debt-to-equity ratio of 3.95. Willis Lease Finance Co. has a fifty-two week low of $39.50 and a fifty-two week high of $149.20.

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

Willis Lease Finance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Monday, August 12th. Willis Lease Finance’s dividend payout ratio (DPR) is currently 11.52%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, insider Robert J. Keady sold 1,378 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $106.66, for a total transaction of $146,977.48. Following the transaction, the insider now directly owns 7,119 shares of the company’s stock, valued at $759,312.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Scott B. Flaherty sold 1,742 shares of Willis Lease Finance stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $109.22, for a total transaction of $190,261.24. Following the completion of the sale, the chief financial officer now owns 93,213 shares of the company’s stock, valued at $10,180,723.86. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Robert J. Keady sold 1,378 shares of Willis Lease Finance stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $106.66, for a total value of $146,977.48. Following the sale, the insider now owns 7,119 shares of the company’s stock, valued at $759,312.54. The disclosure for this sale can be found here. Insiders sold 38,903 shares of company stock worth $4,123,692 over the last quarter. 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.