Insider Selling: Willis Lease Finance Corporation (WLFC) CEO Sells $44,943.36 in Stock
Willis Lease Finance Corporation (NASDAQ:WLFC) CEO Charles F. Iv Willis sold 1,792 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $25.08, for a total value of $44,943.36. Following the completion of the transaction, the chief executive officer now owns 659,273 shares in the company, valued at $16,534,566.84. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in WLFC. Strs Ohio grew its position in Willis Lease Finance Corporation by 5.8% in the second quarter. Strs Ohio now owns 18,100 shares of the transportation company’s stock worth $483,000 after acquiring an additional 1,000 shares in the last quarter. Spark Investment Management LLC purchased a new position in shares of Willis Lease Finance Corporation during the second quarter valued at approximately $732,000. Algert Global LLC purchased a new position in shares of Willis Lease Finance Corporation during the second quarter valued at approximately $240,000. LSV Asset Management boosted its position in shares of Willis Lease Finance Corporation by 15.5% during the second quarter. LSV Asset Management now owns 55,382 shares of the transportation company’s stock valued at $1,480,000 after buying an additional 7,451 shares during the period. Finally, Cowen Inc. purchased a new position in shares of Willis Lease Finance Corporation during the second quarter valued at approximately $228,000. Institutional investors own 35.63% of the company’s stock.
About Willis Lease Finance Corporation
Willis Lease Finance Corporation along with its subsidiaries is a lessor of commercial aircraft engines. The Company operates through two business segments, such as Leasing and Related Operations, and Spare Parts Sales. The Leasing and Related Operations segment involves acquiring and leasing, primarily pursuant to operating leases, commercial aircraft, aircraft engines and other aircraft equipment, and the selective purchase and resale of commercial aircraft engines and other aircraft equipment.
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