In a recent move at Willis Lease Finance Corp (NASDAQ:WLFC), Executive Vice President and Chief Financial Officer Scott B. Flaherty has sold a significant portion of his holdings in the company. The transactions, which took place on May 2nd and May 3rd, resulted in the sale of company stock valued at over $354,000.
The sales were conducted at varying prices, with the first batch of 2,637 shares sold at an average price of $51.72 per share. This transaction alone amounted to a total of approximately $136,362. The prices for this sale ranged from $50.52 to $52.50 per share. The following day, Flaherty sold 3,999 shares at an average price of $54.45 per share, totaling around $217,769. The shares in this second transaction were sold at prices between $52.75 and $55.69.
After these transactions, the executive's stake in Willis Lease Finance Corp has been adjusted to 103,617 shares. The company, which specializes in the wholesale of machinery, equipment, and supplies, is incorporated in Delaware and has its business address in Coconut Creek, Florida.
Investors often keep a close eye on insider sales as they can provide valuable insights into an executive's perspective on the company's current valuation and future prospects. The sale of shares by a CFO might be interpreted in different ways, but without additional context, it remains a simple transaction that needs to be reported.
Willis Lease Finance Corp has not released any statements regarding these transactions, and as per standard practice, the details of the sales, including the number of shares sold at each price point within the range, have been made available to the issuer and will be provided to any security holder or the SEC staff upon request.
InvestingPro Insights
Willis Lease Finance Corp (NASDAQ:WLFC) has been showing strong performance in the market with significant returns over the past week and three months. According to the latest data, the company's stock price has surged, with a one-week price total return of 15.92% and a three-month price total return of 16.4%. This bullish trend is reflected in the company's revenue growth, which stands at a robust 36.38% for the last twelve months as of Q1 2024.
An InvestingPro Tip suggests that the stock may be in overbought territory, as indicated by the Relative Strength Index (RSI). This could imply that the recent run-up in the stock's price might be due for a correction. However, the company's financial health appears solid, with liquid assets surpassing short-term obligations, providing some degree of comfort to investors concerned about the company's ability to meet its immediate liabilities.
The company's fundamentals also present an interesting picture. With a low P/E ratio of 6.08 for the last twelve months as of Q1 2024, Willis Lease Finance Corp is trading at a low earnings multiple, which could suggest that the stock is undervalued relative to its earnings. Additionally, the company's price to book ratio is 0.78, further underlining a potentially attractive valuation for value investors.
For those interested in a deeper analysis, there are 7 additional InvestingPro Tips available for Willis Lease Finance Corp, which can be accessed through the InvestingPro platform at https://www.investing.com/pro/WLFC. Remember to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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