AerSale Corporation $ASLE Stake Increased by M3F Inc.

M3F Inc. boosted its stake in AerSale Corporation (NASDAQ:ASLE) by 20.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,983,632 shares of the company’s stock after purchasing an additional 664,487 shares during the quarter. AerSale makes up 6.1% of M3F Inc.’s investment portfolio, making the stock its 5th largest position. M3F Inc. owned about 8.43% of AerSale worth $24,778,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of AerSale by 29.3% during the third 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 during the period. Marshall Wace LLP boosted its position in shares of AerSale by 277.4% in the third 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 period. Dimensional Fund Advisors LP grew its stake in AerSale by 6.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,287,056 shares of the company’s stock valued at $9,151,000 after acquiring an additional 83,060 shares in the last quarter. Millennium Management LLC grew its stake in AerSale by 46.2% during the fourth quarter. Millennium Management LLC now owns 1,057,473 shares of the company’s stock valued at $7,519,000 after acquiring an additional 334,203 shares in the last quarter. Finally, Earnest Partners LLC bought a new stake in AerSale during the 4th quarter worth approximately $5,110,000. Hedge funds and other institutional investors own 69.48% of the company’s stock.

Insider Buying and Selling at AerSale

In other news, insider Martin Garmendia sold 6,094 shares of AerSale stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $6.34, for a total transaction of $38,635.96. Following the completion of the sale, the insider directly owned 183,377 shares of the company’s stock, valued at approximately $1,162,610.18. The trade was a 3.22% decrease in their position. The transaction was disclosed in a legal 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. Also, insider Frederick Craig Wright sold 4,182 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $6.34, for a total transaction of $26,513.88. Following the completion of the transaction, the insider owned 213,531 shares of the company’s stock, valued at $1,353,786.54. This trade represents a 1.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders sold a total of 21,239 shares of company stock worth $134,655 over the last three months. 20.10% of the stock is owned by insiders.

AerSale Price Performance

ASLE stock opened at $6.57 on Monday. 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 moving average is $6.48 and its 200 day moving average is $6.84. The stock has a market cap of $310.43 million, a price-to-earnings ratio of 29.86 and a beta of 0.27. AerSale Corporation has a 1-year low of $5.56 and a 1-year high of $9.12.

Wall Street Analyst Weigh In

Several brokerages have commented on ASLE. Weiss Ratings downgraded shares of AerSale from a “hold (c-)” rating to a “sell (d)” rating in a report on Friday, May 15th. B. Riley Financial began coverage on shares of AerSale in a report on Monday, June 29th. They issued a “neutral” rating and a $7.50 price target on the stock. Finally, Zacks Research upgraded AerSale to a “hold” rating in a research report on Wednesday, July 1st. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $7.17.

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.