Bank of America Corp DE boosted its stake in Willis Lease Finance Co. (NASDAQ:WLFC) by 49.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,667 shares of the transportation company’s stock after buying an additional 13,539 shares during the quarter. Bank of America Corp DE owned approximately 0.70% of Willis Lease Finance worth $2,371,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Willis Lease Finance by 16.4% in the 2nd quarter. BlackRock Inc. now owns 187,166 shares of the transportation company’s stock valued at $10,915,000 after buying an additional 26,375 shares during the last quarter. Northern Trust Corp raised its position in Willis Lease Finance by 0.9% in the 2nd quarter. Northern Trust Corp now owns 47,404 shares of the transportation company’s stock valued at $2,764,000 after buying an additional 439 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Willis Lease Finance by 6.4% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 25,050 shares of the transportation company’s stock valued at $1,461,000 after buying an additional 1,500 shares during the last quarter. Hillsdale Investment Management Inc. raised its position in Willis Lease Finance by 2.0% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 22,950 shares of the transportation company’s stock valued at $1,338,000 after buying an additional 450 shares during the last quarter. Finally, Alambic Investment Management L.P. purchased a new stake in Willis Lease Finance in the 2nd quarter valued at $467,000. 38.16% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine lowered Willis Lease Finance from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd.

Shares of Willis Lease Finance stock opened at $54.51 on Monday. Willis Lease Finance Co. has a 1 year low of $31.80 and a 1 year high of $74.46. The firm has a market cap of $322.89 million, a PE ratio of 5.31 and a beta of 0.64. The stock has a fifty day moving average price of $58.73 and a 200-day moving average price of $55.47. The company has a debt-to-equity ratio of 4.01, a current ratio of 3.01 and a quick ratio of 2.25.

Willis Lease Finance (NASDAQ:WLFC) last announced its earnings results on Tuesday, August 6th. The transportation company reported $2.66 earnings per share (EPS) for the quarter. Willis Lease Finance had a return on equity of 22.15% and a net margin of 16.59%. The firm had revenue of $95.80 million during the quarter.

Willis Lease Finance Profile

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.

Further Reading: Net Income

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Institutional Ownership by Quarter for Willis Lease Finance (NASDAQ:WLFC)

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