Insider Selling: AerSale (NASDAQ:ASLE) Insider Sells 4,182 Shares of Stock

AerSale Corporation (NASDAQ:ASLE) 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 value of $26,513.88. Following the transaction, the insider directly owned 213,531 shares in the company, valued at approximately $1,353,786.54. The trade was a 1.92% decrease in their ownership of the stock. The sale was disclosed in a 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.

AerSale Stock Down 0.2%

Shares of ASLE stock traded down $0.01 during trading hours on Thursday, reaching $6.17. 189,039 shares of the company’s stock were exchanged, compared to its average volume of 281,150. The stock’s 50 day moving average is $6.55 and its 200-day moving average is $6.87. The company has a market cap of $291.46 million, a price-to-earnings ratio of 28.07 and a beta of 0.27. The company has a current ratio of 3.74, a quick ratio of 0.89 and a debt-to-equity ratio of 0.01. AerSale Corporation has a fifty-two week low of $5.56 and a fifty-two week high of $9.12.

Hedge Funds Weigh In On AerSale

Hedge funds have recently made changes to their positions in the company. CWM LLC increased its position in shares of AerSale by 100.7% in the 4th quarter. CWM LLC now owns 6,393 shares of the company’s stock valued at $45,000 after acquiring an additional 3,208 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its position 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 valued at $55,000 after acquiring an additional 2,477 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of AerSale in the 4th quarter valued at $56,000. KLCM Advisors Inc. acquired a new position in shares of AerSale in the 4th quarter valued at $71,000. Finally, HRT Financial LP acquired a new position in shares of AerSale in the 4th quarter valued at $75,000. 69.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average 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.