M3F Inc. Has $24.78 Million Position in AerSale Corporation $ASLE

M3F Inc. boosted its position in AerSale Corporation (NASDAQ:ASLE) by 20.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 3,983,632 shares of the company’s stock after purchasing an additional 664,487 shares during the period. AerSale comprises approximately 6.1% of M3F Inc.’s investment portfolio, making the stock its 5th largest position. M3F Inc. owned approximately 0.08% of AerSale worth $24,778,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its stake 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 worth $16,100,000 after acquiring an additional 444,954 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of AerSale by 277.4% in the 3rd 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 last quarter. Dimensional Fund Advisors LP boosted its stake in shares of AerSale by 6.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,287,056 shares of the company’s stock valued at $9,151,000 after purchasing an additional 83,060 shares in the last quarter. Millennium Management LLC boosted its stake in shares of AerSale by 46.2% in the 4th quarter. Millennium Management LLC now owns 1,057,473 shares of the company’s stock valued at $7,519,000 after purchasing an additional 334,203 shares in the last quarter. Finally, Earnest Partners LLC bought a new position in shares of AerSale during the 4th quarter valued at $5,110,000. 69.48% of the stock is currently owned by institutional investors.

Insider Transactions at AerSale

In other AerSale news, insider Gary Edmund Jones sold 7,491 shares of the stock in a transaction 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 sale, the insider owned 162,405 shares of the company’s stock, valued at $1,029,647.70. This represents a 4.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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. Also, insider Martin Garmendia sold 6,094 shares of the 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 sale, the insider directly owned 183,377 shares of the company’s stock, valued at $1,162,610.18. The trade was a 3.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last 90 days, insiders have sold 21,239 shares of company stock worth $134,655. Insiders own 20.10% of the company’s stock.

Analysts Set New Price Targets

ASLE has been the topic of a number of analyst reports. Zacks Research upgraded shares of AerSale to a “hold” rating in a research report on Wednesday, July 1st. B. Riley Financial started coverage on shares of AerSale in a research report on Monday, June 29th. They set a “neutral” rating and a $7.50 price target for the company. Finally, Weiss Ratings cut AerSale from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, May 15th. 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 data from MarketBeat.com, AerSale has an average rating of “Reduce” and an average price target of $7.17.

AerSale Stock Performance

Shares of ASLE stock opened at $6.57 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.89 and a current ratio of 3.74. AerSale Corporation has a fifty-two week low of $5.56 and a fifty-two week high of $9.12. The stock has a 50 day moving average price of $6.48 and a two-hundred day moving average price of $6.84. The company has a market capitalization of $310.43 million, a P/E ratio of 29.86 and a beta of 0.27.

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.