AerSale (NASDAQ:ASLE) Insider Sells $47,492.94 in Stock

AerSale Corporation (NASDAQ:ASLE) insider Gary Edmund Jones sold 7,491 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $6.34, for a total value of $47,492.94. Following the transaction, the insider directly owned 162,405 shares of the company’s stock, valued at approximately $1,029,647.70. This represents a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

AerSale Stock Down 0.2%

Shares of NASDAQ ASLE traded down $0.01 during midday trading on Thursday, hitting $6.17. 189,039 shares of the company’s stock were exchanged, compared to its average volume of 281,150. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.74 and a quick ratio of 0.89. AerSale Corporation has a twelve month low of $5.56 and a twelve month high of $9.12. The company has a market cap of $291.46 million, a PE ratio of 28.07 and a beta of 0.27. The firm’s fifty day simple moving average is $6.55 and its 200-day simple moving average is $6.87.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of AerSale from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, May 15th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, AerSale has an average rating of “Reduce” and an average price target of $7.00.

Hedge Funds Weigh In On AerSale

Several institutional investors have recently added to or reduced their stakes in ASLE. M3F Inc. increased its position in AerSale by 20.0% during the 1st quarter. M3F Inc. now owns 3,983,632 shares of the company’s stock worth $24,778,000 after purchasing an additional 664,487 shares during the period. Vanguard Group Inc. lifted its stake in AerSale by 29.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,965,792 shares of the company’s stock valued at $16,100,000 after buying an additional 444,954 shares in the last quarter. Marshall Wace LLP raised its holdings in AerSale by 277.4% in the 3rd quarter. Marshall Wace LLP now owns 1,509,517 shares of the company’s stock valued at $12,363,000 after acquiring an additional 1,109,550 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in AerSale by 8.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,397,416 shares of the company’s stock valued at $8,691,000 after acquiring an additional 110,360 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of AerSale by 46.2% during the 4th quarter. Millennium Management LLC now owns 1,057,473 shares of the company’s stock worth $7,519,000 after buying an additional 334,203 shares during the last quarter. Institutional investors and hedge funds own 69.48% of the company’s stock.

About AerSale

AerSale Inc is an integrated aftermarket solutions provider serving the global commercial, defense and business aviation markets. The company specializes in aircraft and engine maintenance, repair and overhaul (MRO), asset leasing and aviation parts distribution. Its key offerings include airframe heavy maintenance, engine tear‐down and component overhaul, used serviceable material programs and end‐of‐life aircraft disassembly. Through these services, AerSale supports operators seeking to optimize fleet availability, extend asset life cycles and reduce maintenance costs.

Founded in 2009 and headquartered in Coral Gables, Florida, AerSale has grown through strategic acquisitions and organic expansion.