GSA Capital Partners LLP Has $1.11 Million Stake in AerSale Co. (NASDAQ:ASLE)

GSA Capital Partners LLP grew its stake in AerSale Co. (NASDAQ:ASLE) by 47.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 219,082 shares of the company’s stock after buying an additional 70,887 shares during the period. GSA Capital Partners LLP owned approximately 0.41% of AerSale worth $1,106,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ASLE. Millennium Management LLC grew its holdings in AerSale by 520.7% during the second quarter. Millennium Management LLC now owns 581,814 shares of the company’s stock valued at $4,026,000 after purchasing an additional 488,081 shares during the last quarter. Private Capital Management LLC boosted its holdings in shares of AerSale by 27.4% during the 1st quarter. Private Capital Management LLC now owns 1,849,539 shares of the company’s stock worth $13,280,000 after buying an additional 398,200 shares during the period. Janus Henderson Group PLC grew its stake in AerSale by 21.1% in the 1st quarter. Janus Henderson Group PLC now owns 2,167,215 shares of the company’s stock valued at $15,560,000 after buying an additional 377,397 shares during the last quarter. Marshall Wace LLP raised its holdings in AerSale by 683.1% in the 2nd quarter. Marshall Wace LLP now owns 207,338 shares of the company’s stock worth $1,435,000 after acquiring an additional 180,860 shares during the period. Finally, Raffles Associates LP acquired a new position in AerSale during the 2nd quarter worth $692,000. Institutional investors own 69.48% of the company’s stock.

Insider Activity

In other AerSale news, insider Nicolas Finazzo bought 20,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average price of $5.36 per share, with a total value of $107,200.00. Following the completion of the purchase, the insider now directly owns 37,000 shares in the company, valued at $198,320. The trade was a 117.65 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 37.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ASLE shares. Royal Bank of Canada dropped their price objective on AerSale from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 8th. Truist Financial cut their price target on AerSale from $10.00 to $8.00 and set a “buy” rating for the company in a report on Friday, October 18th. Finally, Stifel Nicolaus lowered their price objective on shares of AerSale from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, August 9th.

AerSale Stock Up 2.2 %

Shares of ASLE opened at $5.91 on Friday. The stock’s 50-day moving average price is $5.23 and its 200 day moving average price is $6.13. The firm has a market capitalization of $314.47 million, a price-to-earnings ratio of 591.59 and a beta of 0.22. AerSale Co. has a 12-month low of $4.53 and a 12-month high of $16.69.

AerSale Company Profile

AerSale Corporation provides aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and overhaul (MRO) service providers worldwide. It operates in two segments, Asset Management Solutions and Technical Operations (TechOps).