Solidarity Wealth LLC Invests $1.12 Million in Willis Lease Finance Corporation (NASDAQ:WLFC)

Solidarity Wealth LLC bought a new position in Willis Lease Finance Corporation (NASDAQ:WLFC) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,102 shares of the transportation company’s stock, valued at approximately $1,122,000. Solidarity Wealth LLC owned approximately 0.09% of Willis Lease Finance at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of WLFC. Summit Investment Advisors Inc. raised its holdings in shares of Willis Lease Finance by 27.4% in the 4th quarter. Summit Investment Advisors Inc. now owns 298 shares of the transportation company’s stock worth $62,000 after buying an additional 64 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Willis Lease Finance in the 4th quarter worth approximately $104,000. Lazard Asset Management LLC raised its holdings in shares of Willis Lease Finance by 16.9% in the 4th quarter. Lazard Asset Management LLC now owns 643 shares of the transportation company’s stock worth $133,000 after buying an additional 93 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Willis Lease Finance by 780.8% in the 4th quarter. Russell Investments Group Ltd. now owns 687 shares of the transportation company’s stock worth $143,000 after buying an additional 609 shares in the last quarter. Finally, Rangeley Capital LLC acquired a new stake in Willis Lease Finance during the 4th quarter valued at $208,000. 93.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Willis Lease Finance from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd.

Insider Transactions at Willis Lease Finance

In other news, CEO Austin Chandler Willis sold 3,450 shares of the business’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $140.01, for a total transaction of $483,034.50. Following the completion of the sale, the chief executive officer owned 196,181 shares in the company, valued at $27,467,301.81. The trade was a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Brian Richard Hole sold 7,295 shares of the business’s stock in a transaction on Friday, June 27th. The stock was sold at an average price of $145.16, for a total value of $1,058,942.20. Following the sale, the president owned 100,760 shares of the company’s stock, valued at approximately $14,626,321.60. The trade was a 6.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,895 shares of company stock worth $5,488,698 over the last 90 days. 57.02% of the stock is owned by insiders.

Willis Lease Finance Trading Up 1.6%

WLFC stock opened at $143.55 on Monday. The business has a fifty day moving average price of $139.45 and a 200 day moving average price of $160.02. Willis Lease Finance Corporation has a fifty-two week low of $84.28 and a fifty-two week high of $235.43. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 9.83 and a beta of 1.04. The company has a debt-to-equity ratio of 3.95, a current ratio of 2.17 and a quick ratio of 1.61.

Willis Lease Finance (NASDAQ:WLFC) last released its quarterly earnings results on Tuesday, May 6th. The transportation company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $4.41 by ($2.20). Willis Lease Finance had a net margin of 17.21% and a return on equity of 19.69%. The business had revenue of $157.73 million for the quarter, compared to analyst estimates of $149.00 million.

Willis Lease Finance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Monday, May 12th were given a dividend of $0.25 per share. The ex-dividend date was Monday, May 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.70%. Willis Lease Finance’s payout ratio is currently 6.85%.

Willis Lease Finance Company 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.