Truist Financial Corp Invests $208,000 in Willis Lease Finance Co. (NASDAQ:WLFC)

Truist Financial Corp purchased a new position in Willis Lease Finance Co. (NASDAQ:WLFC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,000 shares of the transportation company’s stock, valued at approximately $208,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Rhumbline Advisers boosted its position in shares of Willis Lease Finance by 5.5% in the 4th quarter. Rhumbline Advisers now owns 7,073 shares of the transportation company’s stock worth $1,468,000 after purchasing an additional 371 shares in the last quarter. Ritholtz Wealth Management lifted its position in Willis Lease Finance by 32.5% in the 4th quarter. Ritholtz Wealth Management now owns 2,778 shares of the transportation company’s stock valued at $577,000 after acquiring an additional 681 shares in the last quarter. Lakewood Asset Management LLC bought a new position in Willis Lease Finance in the 4th quarter valued at approximately $227,000. Precision Wealth Strategies LLC bought a new position in Willis Lease Finance in the 4th quarter valued at approximately $257,000. Finally, Bleakley Financial Group LLC bought a new position in Willis Lease Finance in the 4th quarter valued at approximately $297,000. 93.70% of the stock is owned by institutional investors.

Willis Lease Finance Stock Performance

WLFC stock opened at $181.84 on Friday. The stock has a market capitalization of $1.20 billion, a PE ratio of 12.89 and a beta of 1.10. Willis Lease Finance Co. has a 12-month low of $46.70 and a 12-month high of $235.43. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 3.84. The stock’s 50 day simple moving average is $199.17 and its 200 day simple moving average is $179.07.

Willis Lease Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Wednesday, February 12th were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $1.00 annualized dividend and a yield of 0.55%. Willis Lease Finance’s dividend payout ratio (DPR) is presently 7.09%.

Insider Activity at Willis Lease Finance

In other news, CEO Austin Chandler Willis sold 3,450 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $204.14, for a total transaction of $704,283.00. Following the transaction, the chief executive officer now directly owns 158,034 shares of the company’s stock, valued at $32,261,060.76. This represents a 2.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 57.02% of the stock is currently owned by insiders.

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.