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In a recent transaction, Willis Lease Finance's Hans Hunziker sold part of his stake in the company. The sale, which took place over two days, included the disposal of Willis Lease Finance Corporation (NASDAQ:WLFC) common stock at various prices, resulting in a total transaction amount of $42,030. .
On March 20, 2024, Mr. Hunziker sold 789 shares of Willis Lease Finance Corporation at a weighted average price of $49.32. The next day, 63 more shares were sold at an average price of $49.48. These trades were executed in multiple trades, with prices ranging from $49.17 to $49.56 on the first day and $49.46 to $49.56 on the second day.
Following these sales, Mr. Hunziker's ownership in the company has been updated to reflect a total of 24,142 shares. The sale was reported in a recent filing, which also noted that Mr. Hunziker is still subject to Form 4 filing requirements, even though he no longer serves as a director.
Investors and market watchers often pay close attention to insider transactions as they can give insight into how insiders view a company's performance and stock price. Details of these transactions, including the number of shares sold and the price range, are public and may be requested from the SEC, the issuer, or the issuer's security holders.
Willis Lease Finance Corp, whose shares are traded on the NASDAQ, is known for its involvement in the machinery, equipment, and supplies wholesale sector. The company's address is in Coconut Creek, Florida.
Investment Pro Insights
Willis Lease Finance Corporation (NASDAQ:WLFC), a major player in the wholesale machinery, equipment, and supplies sector, recently witnessed insider selling by Hans Hunziker. Insider trading can be a signal to the market, but it's also essential to consider a company's financial health and performance metrics. According to InvestingPro data, Willis Lease Finance Corp boasted a high gross profit margin of 96.29% over the past 12 months as of Q4 2023, which reflects efficient cost management relative to revenue. I am.
The company has a market capitalization of $315.19 million and also offers an attractive earnings valuation with an adjusted P/E ratio of 7.34x for the same period. This indicates that the stock may be undervalued relative to its earnings potential. Additionally, Willis Lease Finance Corp has seen a significant increase in its revenue, increasing by 36.05% in the past 12 months as of Q4 2023, indicating a strong expansion of its business operations.
As for InvestingPro Tips, Willis Lease Finance Corp is notable for its high shareholder yield and low earnings multiple, which could make it interesting for value investors. The company's current assets also exceed short-term debt, suggesting strong liquidity. For readers who would like to explore these insights in more detail, his 5 additional InvestingPro Tips on Willis Lease Finance Corp are available at https://www.investing.com/pro/WLFC.To access these tips and more detailed analysis, use coupon code pro news 24 Get an extra 10% off annual or biennial Pro and Pro+ subscriptions.
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