Willis Lease Finance Corporation (NASDAQ:WLFC) has reported a recent transaction involving a former director of the company. Robert J. Keady, who is still subject to reporting obligations, sold 99 shares of common stock at a price of $100.02 each, totaling over $9,900.
The transaction took place on September 5, 2024, and was filed with the Securities and Exchange Commission on September 9, 2024. Following the sale, Keady's ownership in the company now stands at 4,016 shares of common stock.
The sale was executed in a single trade, and Keady has committed to providing full information regarding the shares sold at the price mentioned, if requested by the SEC staff, the issuer, or a security holder of the issuer.
Investors often monitor the buying and selling activities of company executives as they can provide insights into the executives' perspective on the company's future prospects. Transactions like these are publicly disclosed to ensure transparency and to provide investors with important information regarding insider trades.
Willis Lease Finance Corp, based in Coconut Creek, Florida, specializes in the wholesale of machinery, equipment, and supplies. The company is incorporated in Delaware and has a fiscal year ending on December 31.
InvestingPro Insights
Willis Lease Finance Corporation (NASDAQ:WLFC) has been in the spotlight recently not only for insider trading activity but also for its financial performance and market valuation. According to InvestingPro data, the company has shown significant revenue growth in the last twelve months as of Q2 2024, with a robust increase of 35.31%. This growth is further highlighted by the company's gross profit margin standing at an impressive 96.2% for the same period, reflecting strong operational efficiency.
Moreover, WLFC's market capitalization is currently at $687.54 million, and the stock is trading at a low earnings multiple with a P/E ratio of 7.86, which might indicate that the stock is undervalued compared to its earnings. This is complemented by a PEG ratio of just 0.06, suggesting that the company's earnings growth is not fully reflected in its current share price.
InvestingPro Tips provide further insights, revealing that WLFC's stock has experienced a large price uptick over the last six months, with a total return of 112.86%. Additionally, the company has been profitable over the last twelve months, which could be a reassuring sign for investors looking for stable financial performance.
While the recent sale by former director Robert J. Keady might stir some interest among investors, the broader financial metrics and market performance of Willis Lease Finance Corp paint a picture of a company with solid growth and profitability. For those seeking more in-depth analysis, there are additional InvestingPro Tips available on the company's profile, which could provide further guidance on investment decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.