Hans Jorg Hunziker, associated with Willis Lease Finance Corp (NASDAQ:WLFC), engaged in transactions involving the sale of company stock on March 26 and 27, according to a recent SEC filing. Hunziker, who is noted as a former director of the company, sold shares totaling over $45,000. The sales were executed in multiple trades with prices ranging from $49.45 to $49.49.
Investors tracking insider activity may be interested to learn that Hunziker sold a total of 452 shares on March 26 at a weighted average price of $49.45, and an additional 466 shares on the following day at an average price of $49.49. These transactions resulted in a combined total sale value of approximately $45,413.
Following these transactions, official records show that Hunziker's direct ownership in Willis Lease Finance Corp stands at 22,892 shares. The company, known for its wholesale machinery, equipment, and supplies, has not provided any specific reason for these sales. However, it is not uncommon for insiders to engage in stock sales for personal financial management or diversification purposes.
The SEC filing included footnotes indicating that the prices reported reflect the weighted average sale price for the shares, and that the transactions occurred across a range of prices. Hunziker has also agreed to provide full information regarding the number of shares sold at each separate price upon request.
Willis Lease Finance Corp, incorporated in Delaware and headquartered in Coconut Creek, Florida, remains a key player in the machinery and equipment leasing industry. The company's stock performance and insider transactions such as those by Hunziker are often watched closely by investors seeking to understand market trends and potential impacts on their investments.
InvestingPro Insights
Willis Lease Finance Corp (WLFC) has recently been under the spotlight due to insider transactions, but what does the broader financial picture look like for the company? According to InvestingPro data, Willis Lease Finance Corp has a market capitalization of $315.25 million, with a notably low price-to-earnings (P/E) ratio of 7.43 for the last twelve months as of Q4 2023. This suggests that the company is trading at a low earnings multiple compared to its earnings, potentially indicating an undervaluation by the market.
From a performance standpoint, WLFC has seen a robust revenue growth of 36.05% over the last twelve months as of Q4 2023, signaling strong business expansion. Additionally, the company's gross profit margin stands at an impressive 96.29%, reflecting its ability to maintain profitability despite costs. With a fair value estimation of $61.02, InvestingPro's metrics indicate that the company's stock could be undervalued, offering potential upside for investors.
For those interested in further insights, there are more InvestingPro Tips available for Willis Lease Finance Corp, including a high shareholder yield and the fact that the company's liquid assets exceed its short-term obligations. These financial health indicators can be crucial for investors evaluating the stability and growth potential of WLFC. Moreover, while the company has been profitable over the last twelve months, it does not currently pay a dividend to shareholders, which could be relevant for those prioritizing income-generating investments.
To delve deeper into these metrics and discover additional InvestingPro Tips for Willis Lease Finance Corp, you can visit https://www.investing.com/pro/WLFC. And remember, if you're considering an upgrade to a yearly or biyearly Pro and Pro+ subscription, use the coupon code PRONEWS24 to get an additional 10% off. With more tips listed on InvestingPro, investors can gain a comprehensive understanding of the company's financial health and make more informed decisions.
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