Insider Selling: AerSale (NASDAQ:ASLE) Insider Sells 1,886 Shares of Stock

AerSale Corporation (NASDAQ:ASLE) insider Benjamin Thomas Tschirhart sold 1,886 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $6.34, for a total transaction of $11,957.24. Following the completion of the transaction, the insider directly owned 32,564 shares in the company, valued at approximately $206,455.76. The trade was a 5.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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%

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Deutsche Bank AG boosted its holdings in AerSale by 6.0% during the fourth quarter. Deutsche Bank AG now owns 32,846 shares of the company’s stock worth $234,000 after purchasing an additional 1,850 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in AerSale by 39.0% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,829 shares of the company’s stock worth $55,000 after purchasing an additional 2,477 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in AerSale by 6.0% during the third quarter. Alliancebernstein L.P. now owns 48,270 shares of the company’s stock worth $395,000 after purchasing an additional 2,740 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in AerSale by 6.7% during the third quarter. Raymond James Financial Inc. now owns 44,360 shares of the company’s stock worth $363,000 after purchasing an additional 2,775 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in AerSale by 45.6% during the third quarter. BNP Paribas Financial Markets now owns 9,813 shares of the company’s stock worth $80,000 after purchasing an additional 3,071 shares during the last quarter. 69.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

AerSale Company Profile

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.