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Willis Lease Finance Corp (NASDAQ:WLFC) President Brian Richard Hole recently sold company stock, according to the latest filings with the Securities and Exchange Commission. The transaction, which took place on August 30, 2024, involved the sale of 1,187 shares at an average price of $106.17 per share, totaling approximately $126,023.
The sale was part of a series of transactions where shares were sold at prices ranging from $105.05 to $107.79. Following the sale, Hole retains ownership of 96,589 shares of Willis Lease Finance Corp, indicating continued investment in the company.
Investors often monitor insider sales as they can provide insights into an executive's confidence in the company's future performance. However, it's important to note that insider transactions can occur for various reasons and may not always reflect the executive's outlook on the company's financial health.
Willis Lease Finance Corp specializes in the leasing of commercial aircraft engines and other aircraft-related equipment, serving customers in various sectors of the aviation industry. The company's shares are traded on the NASDAQ stock exchange under the ticker symbol WLFC.
InvestingPro Insights
Willis Lease Finance Corp (NASDAQ:WLFC) has been making headlines with the recent insider transaction by President Brian Richard Hole. To provide a broader financial context, here are some key metrics and insights from InvestingPro that investors may find useful.
InvestingPro Data shows that Willis Lease Finance Corp has a market capitalization of approximately $706.41 million, reflecting its valuation in the market. The company's Price-to-Earnings (P/E) Ratio stands at 7.98, indicating that the stock is trading at a low earnings multiple compared to its earnings per share. This could suggest that the company's shares are potentially undervalued. Additionally, WLFC has demonstrated significant revenue growth over the last twelve months, recording a 35.31% increase, which may be an indicator of strong business performance and potential for future growth.
An InvestingPro Tip highlights that WLFC has had a high return over the last year, with a Year-To-Date Price Total Return of 120.06% and a 1 Year Price Total Return of 152.21%. This robust performance could be an attractive point for investors seeking companies with strong momentum in their share price.
However, another InvestingPro Tip points out that the company's short-term obligations exceed its liquid assets. This could represent a liquidity risk that investors may want to consider when assessing the company's financial stability.
For those looking to delve deeper into Willis Lease Finance Corp's financials, InvestingPro offers additional tips, including insights into the company's long-term profitability, revenue valuation multiples, and price upticks over various timeframes. There are a total of 9 InvestingPro Tips available, which can be accessed at https://www.investing.com/pro/WLFC for a comprehensive analysis of WLFC's financial health and investment potential.
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