Willis Lease Finance Corporation's (NASDAQ:WLFC) Executive Vice President and Chief Financial Officer, Scott B. Flaherty, has sold a portion of his company shares, according to a recent filing with the Securities and Exchange Commission. The transaction, which took place on April 5, 2024, involved the sale of 400 shares at a weighted average price of $50.08 per share, falling in a price range from $50.00 to $50.30.
The sale resulted in a total transaction value of $20,032. The executive's decision to sell shares has been made public through the mandatory filing, which provides transparency into the trading activities of the company's insiders. Following the sale, Flaherty retains ownership of 112,853 shares in the company, demonstrating a continued significant stake in Willis Lease Finance's future.
Investors often monitor the buying and selling activity of company executives as it can provide insights into their perspective on the company's current valuation and future prospects. The details of the transaction, including the price range and the number of shares sold, are available upon request to any security holder of the issuer or the SEC staff.
Willis Lease Finance Corp specializes in the leasing of commercial aircraft engines and other aircraft-related equipment. The company operates globally, providing solutions to airlines and other aircraft operators.
InvestingPro Insights
Amidst the recent news of Willis Lease Finance Corporation's (NASDAQ:WLFC) executive share sale, the company's financial metrics provide a broader context for investors. According to InvestingPro data, Willis Lease Finance Corporation boasts a market capitalization of $317.11 million, reflecting its overall market value. Notably, the company's P/E Ratio is currently at 7.75, with an adjusted P/E Ratio for the last twelve months as of Q4 2023 sitting slightly lower at 7.39. This indicates that the company is trading at a low earnings multiple, which is an InvestingPro Tip that can signal an undervalued stock to potential investors.
Another key metric for investors is the company's revenue growth. WLFC has shown impressive growth with a 36.05% increase in revenue over the last twelve months as of Q4 2023. This robust growth trajectory is further highlighted by a quarterly revenue growth of 29.66% for Q4 2023. Additionally, the company's strong gross profit margin of 96.29% during the same period demonstrates its ability to maintain profitability amidst its expansion.
For investors looking for more comprehensive analysis and additional InvestingPro Tips, there are 5 more tips available for Willis Lease Finance Corporation at Investing.com/pro/WLFC. These tips include insights on the company's liquidity, valuation multiples, and dividend policy. To delve deeper into these metrics, investors can take advantage of an additional 10% off a yearly or biyearly Pro and Pro+ subscription by using the coupon code PRONEWS24.
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