Peapod Lane Capital LLC Purchases 47,880 Shares of AerSale Corporation $ASLE

Peapod Lane Capital LLC increased its position in AerSale Corporation (NASDAQ:ASLE) by 12.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 445,948 shares of the company’s stock after purchasing an additional 47,880 shares during the quarter. AerSale makes up 2.7% of Peapod Lane Capital LLC’s portfolio, making the stock its 11th largest holding. Peapod Lane Capital LLC owned approximately 0.95% of AerSale worth $2,680,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. lifted its position in AerSale by 37.8% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,536 shares of the company’s stock worth $41,000 after purchasing an additional 1,519 shares during the period. SBI Securities Co. Ltd. raised its stake in AerSale by 85.4% during the first quarter. SBI Securities Co. Ltd. now owns 6,732 shares of the company’s stock worth $50,000 after acquiring an additional 3,100 shares in the last quarter. Ancora Advisors LLC raised its stake in AerSale by 1.9% during the first quarter. Ancora Advisors LLC now owns 175,754 shares of the company’s stock worth $1,316,000 after acquiring an additional 3,243 shares in the last quarter. Quantbot Technologies LP raised its stake in AerSale by 133.1% during the first quarter. Quantbot Technologies LP now owns 7,500 shares of the company’s stock worth $56,000 after acquiring an additional 4,282 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in AerSale by 3,427.5% during the first quarter. GAMMA Investing LLC now owns 4,621 shares of the company’s stock worth $35,000 after acquiring an additional 4,490 shares in the last quarter. 69.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of AerSale in a research note on Friday. Truist Financial increased their price objective on AerSale from $6.00 to $7.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Wall Street Zen lowered AerSale from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Royal Bank Of Canada increased their price objective on AerSale from $7.00 to $8.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. Finally, Zacks Research lowered AerSale from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $7.50.

AerSale Stock Performance

Shares of NASDAQ:ASLE opened at $7.95 on Friday. AerSale Corporation has a twelve month low of $5.16 and a twelve month high of $9.12. The firm has a market cap of $375.08 million, a PE ratio of 56.79 and a beta of 0.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.82 and a current ratio of 3.87. The business has a fifty day moving average of $8.26 and a 200-day moving average of $7.05.

About AerSale

AerSale Corporation provides aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and overhaul (MRO) service providers worldwide. It operates in two segments, Asset Management Solutions and Technical Operations (TechOps).