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

AerSale Corporation (NASDAQ:ASLE) insider Gary Edmund Jones sold 7,491 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $6.34, for a total value of $47,492.94. Following the completion of the transaction, the insider owned 162,405 shares of the company’s stock, valued at approximately $1,029,647.70. The trade was a 4.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 Trading Up 0.5%

ASLE opened at $6.27 on Friday. The stock has a market cap of $296.26 million, a PE ratio of 28.50 and a beta of 0.27. The company has a quick ratio of 0.89, a current ratio of 3.74 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average of $6.55 and a 200-day moving average of $6.86. AerSale Corporation has a 52 week low of $5.56 and a 52 week high of $9.12.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASLE. CWM LLC increased its position in AerSale by 100.7% during the 4th quarter. CWM LLC now owns 6,393 shares of the company’s stock valued at $45,000 after buying an additional 3,208 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of AerSale by 39.0% in the 1st 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 in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of AerSale in the 4th quarter worth $56,000. KLCM Advisors Inc. bought a new stake in shares of AerSale in the 4th quarter worth $71,000. Finally, HRT Financial LP bought a new stake in shares of AerSale in the 4th quarter worth $75,000. 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.