Willis Lease Finance Corporation (NASDAQ:WLFC) has reported a recent sale of shares by Robert J. Keady, a figure associated with the company's leadership. The transactions, dated on September 3rd and 4th, involved the sale of company stock totaling over $300,000.
According to the filing, Keady sold 228 shares at a weighted average price of $102.23 on the first day, and an additional 2,776 shares at a weighted average price of $102.29 the following day. The sales were executed in multiple trades with prices ranging from $102.00 to $102.95 for the first batch of shares, and from $101.18 to $103.48 for the second, as detailed in the footnotes of the filing. The total value of the shares sold by Keady amounts to $307,265.
Following the transactions, Keady's holdings in Willis Lease Finance Corporation have decreased, yet he remains a significant shareholder with 4,115 shares still under his direct ownership.
Investors often monitor insider sales as they provide insights into leadership's perspective on the company's current valuation. Willis Lease Finance Corporation, which specializes in the leasing of commercial aircraft engines and other aviation equipment, has not commented on the transactions.
The reported sales come as part of the regular disclosure requirements for company insiders and are publicly available for review by investors and regulatory bodies. Robert J. Keady is noted in the remarks of the filing as a "Previous Director still subject to Form 4 obligations," indicating his ongoing reporting duties despite a change in his role.
For investors following Willis Lease Finance Corporation, these transactions serve as the latest data points to consider in their ongoing analysis of the company's financial health and insider confidence.
InvestingPro Insights
Amidst the recent insider transactions at Willis Lease Finance Corporation (NASDAQ:WLFC), investors seeking a deeper understanding of the company's financial health can benefit from insights provided by InvestingPro. According to the latest data, Willis Lease Finance has a market capitalization of approximately $679.45 million, reflecting the company's size and market value. An intriguing aspect for potential investors is the company's P/E ratio, which stands at 7.79 when adjusted for the last twelve months as of Q2 2024. This indicates that the company is trading at a low earnings multiple, which can be an attractive entry point for value investors.
Further analysis from InvestingPro reveals that Willis Lease Finance has experienced a significant price uptick, with a 6-month price total return of 122.27% and a year-to-date price total return of 115.27%. This performance suggests a strong return over both the short and medium term, which might interest growth-oriented investors. However, it's also worth noting that the company's short-term obligations currently exceed its liquid assets, which could be a point of consideration for risk-averse investors.
For those interested in exploring additional insights, InvestingPro offers a range of tips on Willis Lease Finance, including assessments of revenue valuation multiples and profitability over the last twelve months. Currently, there are 7 more InvestingPro Tips available for Willis Lease Finance, which can be found at https://www.investing.com/pro/WLFC. These tips could provide valuable guidance for investors aiming to build a comprehensive view of the company's performance and potential investment opportunities.
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