AerSale (NASDAQ:ASLE) Insider Nicolas Finazzo Buys 1,707 Shares

AerSale Corporation (NASDAQ:ASLE) insider Nicolas Finazzo bought 1,707 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was purchased at an average price of $5.99 per share, for a total transaction of $10,224.93. Following the completion of the purchase, the insider directly owned 38,267 shares in the company, valued at $229,219.33. The trade was a 4.67% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Nicolas Finazzo also recently made the following trade(s):

• On Wednesday, November 19th, Nicolas Finazzo bought 1,560 shares of AerSale stock. The shares were purchased at an average cost of $5.99 per share, with a total value of $9,344.40.

AerSale Stock Performance

ASLE stock traded up $0.19 during mid-day trading on Friday, reaching $6.19. 533,200 shares of the stock traded hands, compared to its average volume of 523,931. The firm has a market capitalization of $292.08 million, a PE ratio of 47.62 and a beta of 0.24. The business has a 50-day moving average of $7.46 and a two-hundred day moving average of $7.02. AerSale Corporation has a 52 week low of $5.56 and a 52 week high of $9.12. The company has a quick ratio of 0.92, a current ratio of 4.41 and a debt-to-equity ratio of 0.01.

AerSale (NASDAQ:ASLE) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). AerSale had a return on equity of 2.10% and a net margin of 1.73%.The business had revenue of $71.19 million during the quarter, compared to the consensus estimate of $93.86 million. As a group, equities analysts predict that AerSale Corporation will post 0.09 EPS for the current fiscal year.

Analyst Ratings Changes

ASLE has been the subject of a number of research analyst reports. Truist Financial reduced their price objective on AerSale from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AerSale in a research report on Monday. Royal Bank Of Canada increased their price target on shares of AerSale from $7.00 to $8.00 and gave the company a “sector perform” rating in a report on Thursday, August 7th. Zacks Research lowered shares of AerSale from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of AerSale from a “buy” rating to a “hold” rating in a research report on Tuesday. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $7.00.

Institutional Investors Weigh In On AerSale

Institutional investors have recently bought and sold shares of the business. Nuveen LLC acquired a new stake in AerSale in the 1st quarter valued at $1,966,000. Acadian Asset Management LLC bought a new position in shares of AerSale during the first quarter valued at $4,377,000. American Century Companies Inc. boosted its stake in shares of AerSale by 87.4% in the 1st quarter. American Century Companies Inc. now owns 88,404 shares of the company’s stock valued at $662,000 after purchasing an additional 41,231 shares in the last quarter. Private Management Group Inc. boosted its stake in shares of AerSale by 7.3% in the 1st quarter. Private Management Group Inc. now owns 1,191,512 shares of the company’s stock valued at $8,924,000 after purchasing an additional 81,378 shares in the last quarter. Finally, Boston Partners grew its holdings in shares of AerSale by 178.5% in the 2nd quarter. Boston Partners now owns 132,675 shares of the company’s stock worth $797,000 after purchasing an additional 85,042 shares during the last quarter. Institutional investors and hedge funds own 69.48% of the company’s stock.

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).