AerSale (NASDAQ:ASLE) Insider Gary Edmund Jones Sells 7,491 Shares

AerSale Corporation (NASDAQ:ASLE) insider Gary Edmund Jones sold 7,491 shares of AerSale stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $6.34, for a total transaction of $47,492.94. Following the completion of the transaction, the insider directly owned 162,405 shares in the company, valued at approximately $1,029,647.70. This represents a 4.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Trading Up 1.0%

NASDAQ:ASLE opened at $6.24 on Friday. AerSale Corporation has a 12 month low of $5.56 and a 12 month high of $9.12. The company’s 50 day moving average is $6.55 and its 200-day moving average is $6.87. The firm has a market cap of $294.84 million, a price-to-earnings ratio of 28.36 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.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of AerSale from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, May 15th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $7.00.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. M3F Inc. boosted its holdings in shares of AerSale by 20.0% in the 1st quarter. M3F Inc. now owns 3,983,632 shares of the company’s stock valued at $24,778,000 after buying an additional 664,487 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of AerSale by 29.3% in the third quarter. Vanguard Group Inc. now owns 1,965,792 shares of the company’s stock worth $16,100,000 after acquiring an additional 444,954 shares during the period. Marshall Wace LLP lifted its stake 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 worth $12,363,000 after acquiring an additional 1,109,550 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of AerSale by 8.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,397,416 shares of the company’s stock worth $8,691,000 after acquiring an additional 110,360 shares during the period. Finally, Millennium Management LLC increased its holdings in AerSale by 46.2% in the fourth quarter. Millennium Management LLC now owns 1,057,473 shares of the company’s stock worth $7,519,000 after purchasing an additional 334,203 shares in the last quarter. Institutional investors and hedge funds 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.