In a recent transaction on April 19, the Executive Vice President and Chief Financial Officer of Willis Lease Finance Corp (NASDAQ:WLFC), Scott B. Flaherty, sold shares of the company's stock. The sale involved 100 shares at a price of $50.01 each, totaling $5,001. This transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission.
The sale occurred at a weighted average price of $50.01, with the executive selling the entirety of the shares in a single trade at this price. Following the transaction, Flaherty's direct ownership in the company stands at 110,253 shares of common stock.
Investors and the market often keep a close eye on insider transactions as they can provide insights into an executive's perspective on the company's current valuation and future prospects. However, it is important to note that insider sales can be motivated by a variety of factors and may not necessarily reflect a negative outlook.
Willis Lease Finance Corp, with a Standard Industrial Classification in the wholesale machinery, equipment, and supplies sector, is incorporated in Delaware and operates out of Coconut Creek, Florida. The company specializes in the leasing of commercial aircraft engines and other aviation-related equipment.
InvestingPro Insights
Following the recent insider sale by Willis Lease Finance Corp's (NASDAQ:WLFC) Executive Vice President and Chief Financial Officer, market participants may be curious about the company's current financial health and valuation. According to InvestingPro data, Willis Lease Finance Corp has a market capitalization of $350.33 million and is trading with a P/E Ratio of 7.8, which is adjusted to 8.16 for the last twelve months as of Q4 2023. This suggests that the company is trading at a low earnings multiple.
On the performance front, WLFC has demonstrated strong revenue growth, with a 36.05% increase in the last twelve months as of Q4 2023. Additionally, the company has a robust gross profit margin of 96.29%, highlighting its efficiency in controlling the cost of goods sold relative to revenue.
InvestingPro Tips for WLFC indicate that the company has a high shareholder yield and liquid assets that exceed short-term obligations, which could be reassuring for investors concerned about the company's financial stability. Moreover, the company is profitable over the last twelve months, as evidenced by the basic EPS (Continuing Operations) of $6.4. However, it's worth noting that Willis Lease Finance Corp does not pay a dividend to shareholders, which might influence the investment decision for those seeking regular income.
For investors seeking more in-depth analysis, there are additional InvestingPro Tips available at InvestingPro. Use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and discover more about WLFC's valuation and financials.
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