Robert J. Keady, associated with Willis Lease Finance Corp (NASDAQ:WLFC), has sold a total of $131,597 worth of the company's common stock. The transactions took place on two separate dates, with shares being sold at prices ranging from $109.37 to $110.60.
On August 23, 2024, Keady sold 554 shares at a weighted average price of $110.60, and on August 26, he sold an additional 643 shares at a weighted average price of $109.37. The sales were executed in multiple trades, with prices for the August 23 transaction ranging from $109.20 to $112.53, and for the August 26 transaction, from $108.85 to $110.61.
Following these transactions, Keady's ownership in Willis Lease Finance Corp stands at 11,161 shares. The sales are part of the routine disclosures required for individuals still subject to Form 4 obligations, as indicated in the remarks of the filing. Keady, who is noted as a previous director of the company, undertook to provide full information regarding the number of shares sold at each separate price within the reported range upon request.
Investors typically monitor these filings to gain insight into the actions of a company's insiders, as such transactions can provide valuable context for the stock's performance and potential future direction.
InvestingPro Insights
Willis Lease Finance Corp (NASDAQ:WLFC) has been attracting attention with notable insider trading activity. In the backdrop of these transactions, InvestingPro data and tips provide a broader context for investors seeking to understand the potential implications for the stock's valuation and performance.
InvestingPro data highlights a robust financial profile for WLFC, with a market capitalization of approximately $703.71 million. The company's price-to-earnings (P/E) ratio stands at a mere 8.05, suggesting that the stock is trading at a low earnings multiple compared to industry peers. Additionally, WLFC has demonstrated strong revenue growth of 35.31% over the last twelve months as of Q2 2024. This growth is further underscored by a significant gross profit margin of 96.2%, indicating the company's efficiency in managing its cost of sales.
InvestingPro Tips suggest that WLFC's stock is currently in overbought territory based on the Relative Strength Index (RSI), which could signal a forthcoming adjustment in the stock price. Despite this, the company has shown a strong return over the last year, with a price total return of 157.62%. These returns have been consistent, with a 26.08% increase over the last month and a 69.22% increase over the last three months, emphasizing the stock's impressive momentum. However, investors should also note that WLFC's short-term obligations exceed its liquid assets, which could present liquidity concerns.
For those looking to delve deeper into WLFC's financial health and insider transactions, InvestingPro offers a comprehensive suite of additional tips. Currently, there are 9 more InvestingPro Tips available for WLFC at https://www.investing.com/pro/WLFC, providing investors with a more detailed analysis to inform their investment decisions.
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