Willis Lease Finance exec sells over $600k in company stock

In recent trading activity, Robert J. Keady, associated with Willis Lease Finance Corp (NASDAQ:WLFC), sold a significant number of shares in the company. The transactions, which occurred over a series of days, resulted in a total sale value exceeding $600,000.

Keady, whose relationship with the company is noted as "See Remarks" in the filing, indicating a continued obligation to report trades, engaged in multiple trades. On August 8, 2024, he sold 1,225 shares at a weighted average price of $92.08. Following this transaction, Keady executed another sale on August 9, where he disposed of 2,899 shares at an average price of $91.48. The final recorded sale took place on August 12, with 2,528 shares sold at an average price of $91.08.

The sales were executed in a range of prices, with the lowest being $91.08 and the highest reaching $92.08. The total proceeds from these sales amounted to approximately $608,248. The SEC filing included footnotes indicating that each transaction was carried out in multiple trades within specific price ranges. The reported prices reflect the weighted average sale price for each day's transactions.

Following the series of sales, Keady's remaining ownership in Willis Lease Finance Corp stands at 22,478 shares of common stock. The company, known for its leasing and financing of commercial aircraft and engines, is incorporated in Delaware and operates out of Coconut Creek, Florida.

Investors often watch insider trading activity, such as sales and purchases of company stock by executives, for insights into the company's financial health and the confidence levels of its leaders. However, such transactions can be subject to various personal financial strategies and do not always indicate a change in company prospects.

InvestingPro Insights

Willis Lease Finance Corp (NASDAQ:WLFC) has been a subject of interest for investors, particularly in light of recent insider trading activity. An analysis of the company's financial metrics can provide additional context for these transactions. According to InvestingPro, Willis Lease Finance Corp is trading at a low earnings multiple, with a P/E ratio of 6.93, which is close to the adjusted P/E ratio for the last twelve months as of Q2 2024 at 6.92. This suggests that the company's shares might be undervalued relative to its earnings.

InvestingPro Data further reveals that Willis Lease Finance Corp has experienced a strong return over the last year, with a 103.78% price total return as of the latest data. This significant appreciation in stock value could be one reason for the insider's decision to sell. Additionally, the company's liquid assets exceed its short-term obligations, indicating a solid financial position that might reassure investors about the company's ability to meet its immediate liabilities.

For those looking to delve deeper into Willis Lease Finance Corp's financial health, InvestingPro offers more tips, including insights into the company's revenue growth and profit margins. In total, there are 9 additional InvestingPro Tips available for Willis Lease Finance Corp, which can be found at https://www.investing.com/pro/WLFC. These tips provide a comprehensive view of the company's performance and future prospects, which could be invaluable for investors making informed decisions.

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