AerSale (NASDAQ:ASLE) Insider Sells $38,635.96 in Stock

AerSale Corporation (NASDAQ:ASLE) 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 value of $38,635.96. Following the completion of the transaction, the insider owned 183,377 shares in the company, valued at $1,162,610.18. This represents a 3.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 0.5%

Shares of NASDAQ:ASLE opened at $6.27 on Friday. AerSale Corporation has a 12-month low of $5.56 and a 12-month high of $9.12. The business’s fifty day simple moving average is $6.55 and its 200-day simple moving average is $6.86. The company has a market capitalization of $296.26 million, a PE ratio of 28.50 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.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASLE. Amundi purchased a new position in AerSale during the 1st quarter worth $161,000. Jane Street Group LLC grew its stake in AerSale by 1,250.8% during the 1st quarter. Jane Street Group LLC now owns 174,543 shares of the company’s stock worth $1,307,000 after buying an additional 161,622 shares during the last quarter. American Century Companies Inc. grew its stake in AerSale by 165.1% during the 2nd quarter. American Century Companies Inc. now owns 234,335 shares of the company’s stock worth $1,408,000 after buying an additional 145,931 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in AerSale by 1.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 275,022 shares of the company’s stock worth $1,653,000 after buying an additional 4,416 shares during the last quarter. Finally, Invesco Ltd. grew its stake in AerSale by 4.1% during the 2nd quarter. Invesco Ltd. now owns 92,867 shares of the company’s stock worth $558,000 after buying an additional 3,652 shares during the last quarter. 69.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded AerSale from a “hold (c-)” rating to a “sell (d)” rating in a report on Friday, May 15th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average 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.