Charles F. Willis IV, Executive Chairman of Willis Lease Finance Corp (NASDAQ:WLFC), has recently sold a significant portion of his holdings in the company, according to the latest regulatory filings. On May 29, Willis executed sales transactions of the company's common stock totaling over $1.9 million.
The transactions comprised two separate sales at varying prices. The first sale involved 3,711 shares at a weighted average price of approximately $65.40, with individual trades ranging from $65.00 to $65.81. The second, larger transaction saw Willis sell 26,289 shares at an average price of around $66.13, with prices spanning from $66.00 to $66.36 per share.
Following these sales, Willis' direct ownership in the company stands at 948,533 shares of common stock. Additionally, he has indirect ownership through entities and family trusts, including 2,134,148 shares held by CFW Partners and 584 shares held by his granddaughter's trust.
These sales come alongside other non-monetary transactions reported by Willis. Notably, he gifted 5,000 shares to the Charles F. Willis V 2019 Trust and another 1,500 shares to Charlotte Montressor Willis. These gifts were reported with a transaction price of $0.0, as they do not represent market transactions.
Investors often monitor the buying and selling activity of company insiders as it can provide insights into their perspective on the company's current valuation and future prospects. The sale of a substantial number of shares by an executive at market prices can be a point of interest to current and potential shareholders.
Willis Lease Finance Corp, with its headquarters located in Coconut Creek, Florida, specializes in the leasing of commercial aircraft engines and other aviation equipment. As an industry leader, the company's financial movements are closely watched by investors in the aviation and leasing sectors.
InvestingPro Insights
As investors digest the news of Charles F. Willis IV's recent stock sales, a closer look at Willis Lease Finance Corp's (NASDAQ:WLFC) financial metrics provides additional context. According to InvestingPro data, the company boasts a healthy market capitalization of $428.4 million and a low Price/Earnings (P/E) ratio of 7.42, which is further affirmed by an adjusted P/E ratio for the last twelve months as of Q1 2024 standing at 7.41. Such a low earnings multiple can be indicative of the stock being undervalued relative to its earnings, potentially offering an attractive entry point for value investors.
Moreover, the company has shown impressive revenue growth of 36.38% over the last twelve months as of Q1 2024. This growth momentum is also reflected in the quarterly figure, with a 33.52% increase in the same period. A strong revenue growth trajectory is often a positive sign for future earnings potential and can reassure investors of the company's market position and business model resilience.
An InvestingPro Tip highlights that Willis Lease Finance Corp is trading at a low earnings multiple, which complements the data indicating a strong performance over the past year, including a one-year price total return of 63.24% as of the 150th day of 2024. This robust return profile may be particularly compelling to investors looking for companies with a proven track record of generating shareholder value.
For those considering deeper analysis or seeking additional investment insights, InvestingPro offers a range of tips, including the company's high shareholder yield and strong free cash flow yield. With 10 more InvestingPro Tips available for Willis Lease Finance Corp, investors can gain a comprehensive understanding of the company's financial health and future outlook. To explore these tips and more, visit InvestingPro and 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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