AerSale (NASDAQ:ASLE) Insider Sells $11,957.24 in Stock

AerSale Corporation (NASDAQ:ASLE) insider Benjamin Thomas Tschirhart sold 1,886 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $6.34, for a total value of $11,957.24. Following the transaction, the insider owned 32,564 shares of the company’s stock, valued at approximately $206,455.76. The trade was a 5.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 AerSale stock opened at $6.27 on Friday. The firm has a market cap of $296.26 million, a price-to-earnings ratio of 28.50 and a beta of 0.27. The business has a 50-day moving average price of $6.55 and a 200-day moving average price of $6.86. The company has a quick ratio of 0.89, a current ratio of 3.74 and a debt-to-equity ratio of 0.01. AerSale Corporation has a twelve month low of $5.56 and a twelve month high of $9.12.

Analyst Ratings Changes

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 investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $7.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ASLE. Marshall Wace LLP lifted its holdings in shares of AerSale by 277.4% in the 3rd quarter. Marshall Wace LLP now owns 1,509,517 shares of the company’s stock valued at $12,363,000 after acquiring an additional 1,109,550 shares during the last quarter. Earnest Partners LLC bought a new stake in AerSale in the fourth quarter worth about $5,110,000. Alyeska Investment Group L.P. bought a new stake in AerSale in the fourth quarter worth about $4,977,000. M3F Inc. lifted its stake in AerSale by 20.0% in the first quarter. M3F Inc. now owns 3,983,632 shares of the company’s stock worth $24,778,000 after purchasing an additional 664,487 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in AerSale by 29.3% in the third quarter. Vanguard Group Inc. now owns 1,965,792 shares of the company’s stock worth $16,100,000 after purchasing an additional 444,954 shares during the last quarter. Institutional investors 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.