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 transaction, the insider owned 183,377 shares in the company, valued at approximately $1,162,610.18. This trade represents a 3.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through 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.

AerSale Price Performance

Shares of ASLE traded down $0.01 during midday trading on Thursday, reaching $6.17. The stock had a trading volume of 189,039 shares, compared to its average volume of 281,150. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.74 and a quick ratio of 0.89. The company has a market capitalization of $291.46 million, a P/E ratio of 28.07 and a beta of 0.27. The firm’s 50 day moving average price is $6.55 and its 200-day moving average price is $6.87. AerSale Corporation has a 52 week low of $5.56 and a 52 week high of $9.12.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of AerSale from a “hold (c-)” rating to a “sell (d)” rating in a report on Friday, May 15th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $7.00.

Institutional Investors Weigh In On AerSale

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