COCONUT CREEK, FL - In a recent transaction disclosed to the Securities and Exchange Commission, former director Hans Jorg Hunziker sold shares of Willis Lease Finance Corp (NASDAQ:WLFC), a company specializing in the wholesale of machinery, equipment, and supplies. The sale occurred on May 17, 2024, and involved a total of 673 shares at an average price of $65.09 per share, amounting to $43,805.
The shares were sold in multiple transactions at prices ranging from $64.90 to $65.41. This range indicates the variability in share price during the time of the sale. The reported price represents the weighted average sale price of the shares disposed of by Hunziker.
Following the sale, Hunziker's direct holdings in Willis Lease Finance Corp decreased to 19,842 shares. The transactions were carried out in a personal capacity, and the details were filed on May 21, 2024, as per regulatory requirements.
Willis Lease Finance Corp, with its headquarters at 4700 Lyons Technology Parkway in Coconut Creek, Florida, operates under the SIC code 5080 for the wholesale of machinery, equipment, and supplies. The company is incorporated in Delaware and has a fiscal year ending on December 31.
Investors often monitor insider transactions as they provide insights into how the executives and significant shareholders view the stock's value. However, these transactions can occur for a variety of reasons and may not always be indicative of company performance or future stock movement.
InvestingPro Insights
Willis Lease Finance Corp (NASDAQ:WLFC) has been a notable player in the machinery, equipment, and supplies sector, and recent data from InvestingPro provides valuable insights into the company's financial health and stock performance. With a market capitalization of $443.32 million, Willis Lease Finance Corp is trading at an earnings multiple of 7.57, reflecting a valuation that some investors may find appealing given the company's profitability over the last twelve months. Adjusted figures for the last twelve months as of Q1 2024 show an even more attractive P/E ratio of 7.3.
The company's strong financial foundation is further underscored by a robust revenue growth of 36.38% over the last twelve months, signaling a significant increase in business activity. This performance is complemented by an impressive gross profit margin of 96.57%, indicating efficient management and a potentially competitive edge in the industry.
One of the InvestingPro Tips highlights that Willis Lease Finance Corp has a high shareholder yield, which can be an indicator of the company's commitment to maximizing shareholder value. Additionally, the stock has seen a considerable return over the last year, with a 57.01% price total return, showcasing the stock's strong performance in the market.
For investors seeking more in-depth analysis and additional insights, there are 12 more InvestingPro Tips available, providing a comprehensive view of Willis Lease Finance Corp's financial landscape. To access these tips and enhance your investment strategy, visit InvestingPro and use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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