Bank of America Corp DE Buys 13,539 Shares of Willis Lease Finance Co. (NASDAQ:WLFC)

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Bank of America Corp DE boosted its stake in Willis Lease Finance Co. (NASDAQ:WLFC) by 49.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,667 shares of the transportation company’s stock after purchasing an additional 13,539 shares during the quarter. Bank of America Corp DE’s holdings in Willis Lease Finance were worth $2,371,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Northern Trust Corp boosted its stake in Willis Lease Finance by 0.9% in the 2nd quarter. Northern Trust Corp now owns 47,404 shares of the transportation company’s stock worth $2,764,000 after purchasing an additional 439 shares during the period. Hillsdale Investment Management Inc. boosted its position in shares of Willis Lease Finance by 2.0% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 22,950 shares of the transportation company’s stock valued at $1,338,000 after acquiring an additional 450 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Willis Lease Finance by 8.9% during the 2nd quarter. First Trust Advisors LP now owns 5,752 shares of the transportation company’s stock valued at $335,000 after acquiring an additional 472 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Willis Lease Finance by 6.4% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 25,050 shares of the transportation company’s stock valued at $1,461,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Willis Lease Finance by 38.5% during the 2nd quarter. Wells Fargo & Company MN now owns 7,840 shares of the transportation company’s stock valued at $458,000 after acquiring an additional 2,179 shares during the last quarter. Institutional investors and hedge funds own 38.16% of the company’s stock.

Separately, ValuEngine downgraded Willis Lease Finance from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd.

Shares of WLFC opened at $54.51 on Monday. The company has a market cap of $322.89 million, a PE ratio of 5.31 and a beta of 0.64. The company has a current ratio of 3.01, a quick ratio of 2.25 and a debt-to-equity ratio of 4.01. The stock has a 50-day moving average price of $58.73 and a 200-day moving average price of $55.47. Willis Lease Finance Co. has a 12-month low of $31.80 and a 12-month high of $74.46.

Willis Lease Finance (NASDAQ:WLFC) last issued its quarterly earnings results on Tuesday, August 6th. The transportation company reported $2.66 earnings per share (EPS) for the quarter. The firm had revenue of $95.80 million during the quarter. Willis Lease Finance had a return on equity of 22.15% and a net margin of 16.59%.

About Willis Lease Finance

Willis Lease Finance Corporation, together with its subsidiaries, leases and services commercial aircraft and aircraft engines worldwide. The company operates through two segments, Leasing and Related Operations, and Spare Parts Sales. It also purchases and resells commercial aircraft engines; and sells aircraft engine parts and materials.

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Institutional Ownership by Quarter for Willis Lease Finance (NASDAQ:WLFC)

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