After Reaching 52-Week High, Is Willis Lease Finance Corporation’s Near-Term Analysis Positive?

The stock of Willis Lease Finance Corporation (NASDAQ:WLFC) hit a new 52-week high and has $37.79 target or 79.00% above today’s $21.11 share price. The 7 months bullish chart indicates low risk for the $175.44 million company. The 1-year high was reported on Mar, 2 by If the $37.79 price target is reached, the company will be worth $138.60M more. The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 6.19% or $1.23 on March 1, hitting $21.11. About 17,547 shares traded hands or 1.52% up from the average. Willis Lease Finance Corporation (NASDAQ:WLFC) has risen 23.88% since July 27, 2015 and is uptrending. It has outperformed by 30.97% the S&P500.

Analysts await Willis Lease Finance Corporation (NASDAQ:WLFC) to reports earnings on March, 9.

According to Zacks Investment Research, “Willis Lease Finance Corp. is a provider of aviation services including: leasing aftermarket commercial aircraft engines and other aircraft-related equipment; selling aftermarket aircraft engines and aircraft spare parts; and maintaining, repairing and overhauling engines. The company provides these services to passenger airlines, air cargo carriers, aircraft maintenance, repair and overhaul facilities and to other distributors of aircraft spare parts worldwide.”

The institutional sentiment decreased to 0.53 in 2015 Q3. Its down 0.17, from 0.7 in 2015Q2. The ratio fall, as 8 funds sold all Willis Lease Finance Corporation shares owned while 11 reduced positions. 3 funds bought stakes while 7 increased positions. They now own 2.50 million shares or 15.02% less from 2.94 million shares in 2015Q2.

Rutabaga Capital Management Llc Ma holds 1.33% of its portfolio in Willis Lease Finance Corporation for 663,314 shares. Raffles Associates Lp owns 39,169 shares or 0.67% of their US portfolio. Moreover, Maltese Capital Management Llc has 0.2% invested in the company for 110,000 shares. The California-based Rbf Capital Llc has invested 0.14% in the stock. Bridgeway Capital Management Inc, a Texas-based fund reported 149,550 shares.

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