In a recent transaction, Brian Richard Hole, President of Willis Lease Finance Corp (NASDAQ:WLFC), has sold a total of $899,738 worth of company shares. These sales occurred over a span of several days, with the prices ranging from $67.09 to $69.76 per share.
On June 27, Hole sold 6,147 shares at an average price of $67.09. Following this transaction, he sold another 6,818 shares on June 28, at an average price of $68.48. The final sale reported on July 1 was for 293 shares at an average price of $69.76. It is noted that the shares were sold at various prices within the ranges provided for each respective date.
The sales were executed at prices that varied, with the initial shares being sold for as low as $65.98 and as high as $67.86. The subsequent sales saw shares going for between $67.08 and $69.41, and finally, shares were sold at a range of $68.25 to $70.50.
After these transactions, Hole's ownership in Willis Lease Finance Corp has been adjusted to 100,764 shares. The company, known for its supply of commercial aircraft engines and other aircraft-related equipment, is headquartered in Coconut Creek, Florida.
This report provides transparency into the trading activities of the company's executives, offering investors a glimpse into insider transactions. The details of the sales, including the number of shares sold at each price point within the range, have been made available to the issuer and will be provided to any security holder or the SEC staff upon request.
Investors often monitor such insider trading activities as part of their due diligence, considering them as one of many factors in their investment decisions.
In other recent news, Willis Lease Finance Corporation has made significant changes to its Board of Directors. The company announced the addition of Colm Barrington, a veteran in the aviation industry, to its board. Barrington has over five decades of experience in the sector, including significant roles at Aer Lingus, GE Capital Aviation Services, and Fly Leasing (NYSE:FLY) Limited. His expertise is expected to be instrumental as Willis Lease Finance advances its engine program services.
Simultaneously, the company acknowledged the resignation of Director Robert Keady. These developments are recent, and they underscore the dynamic nature of Willis Lease Finance's leadership. Barrington's appointment and Keady's resignation are part of the ongoing evolution of the company's board, reflecting its commitment to strong governance and industry expertise.
InvestingPro Insights
The recent insider trading activity involving Brian Richard Hole, President of Willis Lease Finance Corp (NASDAQ:WLFC), coincides with a period of notable performance for the company's stock. According to InvestingPro Tips, WLFC has experienced a significant return over the last week, with a 1 Week Price Total Return of 18.06%. Moreover, the company has also seen a strong return over the last year, boasting a 1 Year Price Total Return of 79.86%. These metrics suggest a robust short-term and long-term performance for Willis Lease Finance Corp, which may have influenced Hole's decision to sell shares.
From a valuation perspective, WLFC is trading at a low earnings multiple, with a P/E Ratio of 7.93, and the adjusted P/E Ratio for the last twelve months as of Q1 2024 is even slightly lower at 7.8. This indicates that the company's earnings are potentially undervalued compared to the broader market. Additionally, Willis Lease Finance Corp's strong free cash flow yield is highlighted by an InvestingPro Tip, which implies that the company is generating considerable cash relative to its share price.
For investors interested in further insights, there are 11 additional InvestingPro Tips available for Willis Lease Finance Corp, which could provide a deeper understanding of the company's financial health and stock performance. To access these tips and benefit from the full range of features on InvestingPro, use coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription. This promotion offers a valuable opportunity for investors to gain advanced analytical tools and data to inform their investment strategies.
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