In a recent transaction, Hans Hunziker, associated with Willis Lease Finance Corp, has sold a portion of his holdings in the company. The sale, which took place over two days, involved the disposal of Willis Lease Finance Corp (NASDAQ:WLFC) common stock at varying prices, resulting in a total transaction value of $42,030.
On March 20, 2024, Hunziker sold 789 shares of Willis Lease Finance Corp at a weighted average price of $49.32. The following day, an additional 63 shares were sold at an average price of $49.48. These transactions were executed in multiple trades with prices ranging from $49.17 to $49.56 for the first day and from $49.46 to $49.56 for the second day.
Following these sales, Hunziker's ownership in the company has been updated to reflect a total of 24,142 shares. The sales were reported in a recent filing, which also noted that despite no longer serving as a director, Hunziker remains subject to Form 4 filing obligations.
Investors and market watchers often pay close attention to insider transactions as they can provide insights into the company's performance and insiders' perspectives on the stock's value. The details of these transactions, including the number of shares sold and the price ranges, are publicly available and can be requested from the SEC, the issuer, or a security holder of the issuer.
Willis Lease Finance Corp, with its shares traded on the NASDAQ, is known for its involvement in the wholesale machinery, equipment, and supplies sector. The company's business address is located in Coconut Creek, Florida.
InvestingPro Insights
Willis Lease Finance Corp (NASDAQ:WLFC), a key player in the wholesale machinery, equipment, and supplies sector, has recently witnessed insider selling by Hans Hunziker. While insider transactions can be a signal to the market, it's also essential to consider the company's financial health and performance metrics. According to InvestingPro data, Willis Lease Finance Corp boasts a strong gross profit margin of 96.29% for the last twelve months as of Q4 2023, reflecting efficient cost management relative to revenues.
With a market capitalization of $315.19 million, the company also presents an attractive earnings valuation, trading at an adjusted P/E ratio of 7.34 for the same period. This indicates that the stock may be undervalued relative to its earnings potential. Additionally, Willis Lease Finance Corp has experienced significant revenue growth, with a 36.05% increase in the last twelve months as of Q4 2023, signaling a robust expansion in its business operations.
Regarding InvestingPro Tips, Willis Lease Finance Corp is highlighted for having high shareholder yield and trading at a low earnings multiple, which could be of interest to value investors. The company's liquid assets also exceed its short-term obligations, suggesting a solid liquidity position. For readers looking to delve deeper into these insights, there are 5 additional InvestingPro Tips available for Willis Lease Finance Corp at https://www.investing.com/pro/WLFC. To access these tips and more detailed analytics, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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