Willis Lease Finance Co. (NASDAQ:WLFC) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totalling 33,100 shares, an increase of 122.1% from the February 27th total of 14,900 shares. Based on an average daily volume of 17,500 shares, the short-interest ratio is currently 1.9 days. Approximately 1.3% of the company’s stock are sold short.
A number of research firms recently issued reports on WLFC. BidaskClub raised Willis Lease Finance from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. ValuEngine raised Willis Lease Finance from a “sell” rating to a “hold” rating in a research report on Monday, March 16th.
In other news, Director Hans Jorg Hunziker acquired 1,800 shares of Willis Lease Finance stock in a transaction that occurred on Friday, March 20th. The stock was purchased at an average price of $16.36 per share, with a total value of $29,448.00. 51.89% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its position in shares of Willis Lease Finance by 440.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 540 shares of the transportation company’s stock worth $32,000 after buying an additional 440 shares during the last quarter. Royce & Associates LP acquired a new stake in shares of Willis Lease Finance in the fourth quarter worth about $34,000. Marshall Wace North America L.P. acquired a new stake in shares of Willis Lease Finance in the fourth quarter worth about $38,000. Russell Investments Group Ltd. acquired a new stake in shares of Willis Lease Finance in the fourth quarter worth about $58,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Willis Lease Finance by 505.0% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,089 shares of the transportation company’s stock worth $64,000 after buying an additional 909 shares during the last quarter. 38.39% of the stock is owned by institutional investors.
WLFC opened at $23.98 on Friday. The stock has a market cap of $116.30 million, a price-to-earnings ratio of 2.28 and a beta of 0.64. Willis Lease Finance has a 1 year low of $16.07 and a 1 year high of $74.46. The company has a current ratio of 1.79, a quick ratio of 1.21 and a debt-to-equity ratio of 3.57. The stock has a fifty day moving average price of $45.78 and a 200 day moving average price of $55.71.
Willis Lease Finance (NASDAQ:WLFC) last announced its quarterly earnings results on Wednesday, March 11th. The transportation company reported $0.68 earnings per share for the quarter. Willis Lease Finance had a return on equity of 20.22% and a net margin of 16.36%. The company had revenue of $89.23 million during the quarter.
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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