AerSale (NASDAQ:ASLE) Insider Sells $26,513.88 in Stock

AerSale Corporation (NASDAQ:ASLE) insider Frederick Craig Wright sold 4,182 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $6.34, for a total value of $26,513.88. Following the sale, the insider owned 213,531 shares in the company, valued at approximately $1,353,786.54. This represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 trading on Thursday, hitting $6.17. 189,039 shares of the company’s stock traded hands, compared to its average volume of 281,150. The stock has a market capitalization of $291.46 million, a price-to-earnings ratio of 28.07 and a beta of 0.27. AerSale Corporation has a 12-month low of $5.56 and a 12-month high of $9.12. The company has a current ratio of 3.74, a quick ratio of 0.89 and a debt-to-equity ratio of 0.01. The company’s 50 day simple moving average is $6.55 and its two-hundred day simple moving average is $6.87.

Wall Street Analyst Weigh In

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

Institutional Trading of AerSale

Hedge funds have recently bought and sold shares of the stock. Segall Bryant & Hamill LLC purchased a new stake in AerSale during the third quarter worth $2,516,000. Tudor Investment Corp ET AL increased its position in shares of AerSale by 72.5% during the third quarter. Tudor Investment Corp ET AL now owns 282,754 shares of the company’s stock worth $2,316,000 after purchasing an additional 118,809 shares in the last quarter. Hillsdale Investment Management Inc. increased its position in shares of AerSale by 377.2% during the fourth quarter. Hillsdale Investment Management Inc. now owns 157,491 shares of the company’s stock worth $1,120,000 after purchasing an additional 124,491 shares in the last quarter. Timber Creek Capital Management LLC acquired a new position in shares of AerSale during the fourth quarter worth $107,000. Finally, Quantbot Technologies LP acquired a new position in shares of AerSale during the third quarter worth $396,000. Hedge funds and other institutional investors 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.