Short Interest in Willis Lease Finance Co. (NASDAQ:WLFC) Increases By 12.1%

Willis Lease Finance Co. (NASDAQ:WLFC) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totalling 15,700 shares, a growth of 12.1% from the April 15th total of 14,000 shares. Based on an average trading volume of 10,800 shares, the short-interest ratio is presently 1.5 days. Currently, 0.6% of the shares of the company are short sold.

In other Willis Lease Finance news, Director Robert T. Morris sold 1,100 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $55.13, for a total transaction of $60,643.00. Following the sale, the director now directly owns 5,588 shares in the company, valued at $308,066.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Austin Chandler Willis sold 6,000 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $52.81, for a total transaction of $316,860.00. Following the sale, the senior vice president now owns 99,729 shares in the company, valued at $5,266,688.49. The disclosure for this sale can be found here. Insiders sold 17,722 shares of company stock worth $934,855 over the last 90 days. 51.89% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of WLFC. Vanguard Group Inc. lifted its holdings in shares of Willis Lease Finance by 1.9% in the third quarter. Vanguard Group Inc. now owns 207,800 shares of the transportation company’s stock worth $7,172,000 after acquiring an additional 3,844 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Willis Lease Finance by 2.6% in the fourth quarter. BlackRock Inc. now owns 185,660 shares of the transportation company’s stock worth $6,424,000 after acquiring an additional 4,697 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Willis Lease Finance by 21.1% in the fourth quarter. Bank of New York Mellon Corp now owns 47,746 shares of the transportation company’s stock worth $1,652,000 after acquiring an additional 8,307 shares during the last quarter. Advisor Group Inc. bought a new position in shares of Willis Lease Finance in the fourth quarter worth about $75,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Willis Lease Finance by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 38,547 shares of the transportation company’s stock worth $1,333,000 after acquiring an additional 1,284 shares during the last quarter. 38.01% of the stock is owned by hedge funds and other institutional investors.

Willis Lease Finance stock traded up $0.07 during trading hours on Friday, reaching $63.20. 9,791 shares of the stock were exchanged, compared to its average volume of 10,793. The company has a market cap of $370.90 million, a P/E ratio of 7.02 and a beta of 0.64. The company has a debt-to-equity ratio of 4.22, a quick ratio of 1.77 and a current ratio of 2.56. Willis Lease Finance has a twelve month low of $30.81 and a twelve month high of $64.00. The stock has a 50 day moving average price of $54.72.

Willis Lease Finance (NASDAQ:WLFC) last posted its earnings results on Monday, May 6th. The transportation company reported $3.35 EPS for the quarter. The firm had revenue of $103.77 million during the quarter. Willis Lease Finance had a net margin of 15.24% and a return on equity of 20.18%.

Separately, BidaskClub downgraded shares of Xperi from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 19th.

About Willis Lease Finance

Willis Lease Finance Corporation, together with its subsidiaries, leases and services commercial aircraft and aircraft engines worldwide. The company operates through two segments, Leasing and Related Operations, and Spare Parts Sales. It also purchases and resells commercial aircraft engines; and sells aircraft engine parts and materials.

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