In a recent transaction, Robert J. Keady, associated with Willis Lease Finance Corp (NASDAQ:WLFC), sold shares of the company's stock, resulting in a total sale value exceeding $18,000. The transactions took place on two separate occasions with prices ranging from $65.59 to $66.8 per share.
On May 24, 2024, Keady sold 185 shares at a weighted average price of $65.59, following multiple trades within a price range of $65.50 to $65.81. The reported price reflects the weighted average sale price, and Keady has committed to providing detailed information regarding the number of shares sold at each price upon request.
A few days later, on May 28, Keady executed another sale, this time of 90 shares at a price of $66.80 per share, carried out in a single trade. These sales have adjusted Keady's holding in Willis Lease Finance Corp, leaving him with 29,130 shares following the transactions.
Willis Lease Finance Corp, which specializes in the wholesale of machinery, equipment, and supplies, is incorporated in Delaware and operates out of Coconut Creek, Florida. The company's stock is publicly traded on the NASDAQ exchange under the ticker symbol WLFC.
The transactions are part of standard disclosures required by executives and other major shareholders of public companies. Robert J. Keady's recent stock sales are now a matter of public record, and investors have access to the details of these transactions for their consideration.
InvestingPro Insights
As investors digest the news of Robert J. Keady's recent stock sales in Willis Lease Finance Corp (NASDAQ:WLFC), it's worth considering the company's current financial health and market performance to understand the broader context. According to InvestingPro data, Willis Lease Finance Corp boasts a market capitalization of $439.18 million and an attractive P/E ratio of 7.5, which is even more favorable when adjusted for the last twelve months as of Q1 2024, at 7.38.
The company's robust revenue growth is notable, with an increase of 36.38% over the last twelve months as of Q1 2024. This growth is accompanied by a high gross profit margin of 96.57%, reflecting efficient operations and strong pricing power. Additionally, WLFC's operating income margin stands at 37.02%, underscoring the company's profitability.
Turning to InvestingPro Tips, WLFC's high shareholder yield is a signal of the company's commitment to returning value to its shareholders. Furthermore, the valuation implies a strong free cash flow yield, which may indicate that the stock is currently undervalued and could have potential for upside. Investors looking to delve deeper into the financial nuances of Willis Lease Finance Corp can find additional insights, as there are 12 more InvestingPro Tips available at InvestingPro. Use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and gain access to comprehensive analysis that could further inform investment decisions.
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