Martin Garmendia Sells 6,094 Shares of AerSale (NASDAQ:ASLE) Stock

AerSale Corporation (NASDAQ:ASLE) insider Martin Garmendia sold 6,094 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 183,377 shares in the company, valued at approximately $1,162,610.18. This represents a 3.22% decrease in their position. The transaction was disclosed in a document filed 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.

AerSale Stock Down 0.2%

AerSale stock traded down $0.01 during trading hours on Thursday, hitting $6.17. The company had a trading volume of 189,039 shares, compared to its average volume of 281,150. The firm has a market capitalization of $291.46 million, a P/E ratio of 28.07 and a beta of 0.27. 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 firm’s fifty day moving average is $6.55 and its 200-day moving average is $6.87. AerSale Corporation has a fifty-two week low of $5.56 and a fifty-two week high of $9.12.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of AerSale from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, May 15th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, AerSale currently has an average rating of “Reduce” and an average target price of $7.00.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Segall Bryant & Hamill LLC acquired a new position in shares of AerSale during the 3rd quarter worth $2,516,000. Tudor Investment Corp ET AL grew its stake in AerSale by 72.5% in the 3rd quarter. Tudor Investment Corp ET AL now owns 282,754 shares of the company’s stock valued at $2,316,000 after buying an additional 118,809 shares during the last quarter. Hillsdale Investment Management Inc. grew its stake in AerSale by 377.2% in the 4th quarter. Hillsdale Investment Management Inc. now owns 157,491 shares of the company’s stock valued at $1,120,000 after buying an additional 124,491 shares during the last quarter. Timber Creek Capital Management LLC bought a new stake in AerSale in the 4th quarter valued at $107,000. Finally, Quantbot Technologies LP bought a new stake in AerSale in the 3rd quarter valued at $396,000. Institutional investors and hedge funds own 69.48% of the company’s stock.

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.