In a recent transaction on May 15, Hans Jorg Hunziker, a former director of Willis Lease Finance Corp (NASDAQ:WLFC), sold 313 shares of the company's common stock, generating a total of $20,135. The shares were sold at a weighted average price of $64.33, with individual transactions occurring within a price range of $64.18 to $64.45.
Following the sale, Hunziker's direct ownership in the company stands at 20,515 shares. The sale was conducted in multiple trades, and the reported price reflects the weighted average of these sales. Hunziker has agreed to provide full information regarding the number of shares sold at each separate price upon request by the SEC staff, the issuer, or a security holder of the issuer.
It's important to note that despite no longer serving as a director, Hunziker is still subject to Form 4 filing obligations, which was indicated in the remarks section of the filing. The transaction details are now publicly accessible, allowing investors to stay informed about the trading activities of the company's insiders.
InvestingPro Insights
Willis Lease Finance Corp (NASDAQ:WLFC) has shown impressive financial performance in recent times, with data from InvestingPro highlighting several key metrics. As of the last twelve months up to Q1 2024, the company boasts a strong revenue growth of 36.38%, reflecting a robust capacity for increasing its earnings. This is further supported by a substantial gross profit margin of 96.57%, indicating efficient management and a potential competitive edge in its sector.
Investors looking at the price metrics will find that WLFC is trading at a low earnings multiple with a P/E ratio of just 7.35, suggesting that the stock may be undervalued compared to its earnings potential. In line with this, an InvestingPro Tip points out that the valuation implies a strong free cash flow yield, which could be an attractive proposition for investors seeking companies with solid financial health and the ability to generate cash.
Moreover, WLFC's stock has experienced a significant uptrend, with a 44.76% one-year price total return as of the specified date in 2024. This is complemented by the fact that the stock is trading near its 52-week high, at 98.53% of the peak price, which may indicate strong market confidence in the company's prospects.
To gain deeper insights and additional InvestingPro Tips, such as the RSI suggesting the stock is in overbought territory or the company's liquidity position, users can visit https://www.investing.com/pro/WLFC. There are 11 additional tips available on InvestingPro for those interested in a comprehensive analysis. Remember to use coupon code PRONEWS24 to receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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