AerSale (NASDAQ:ASLE) Insider Sells $10,055.24 in Stock

AerSale Corporation (NASDAQ:ASLE) insider Paul Andrew Hechenberger sold 1,586 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 transaction of $10,055.24. Following the sale, the insider directly owned 14,581 shares in the company, valued at approximately $92,443.54. The trade was a 9.81% decrease in their position. The sale was disclosed in a legal 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 Price Performance

Shares of NASDAQ ASLE traded down $0.01 during midday trading on Thursday, reaching $6.17. 189,039 shares of the stock traded hands, 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 stock has a market capitalization of $291.46 million, a PE ratio of 28.07 and a beta of 0.27. AerSale Corporation has a one year low of $5.56 and a one year high of $9.12. The company’s 50 day moving average is $6.55 and its 200 day moving average is $6.87.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded AerSale from a “hold (c-)” rating to a “sell (d)” rating in a research report 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’s stock. According to data from MarketBeat, AerSale presently has a consensus rating of “Reduce” and a consensus target price of $7.00.

Institutional Trading of AerSale

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. M3F Inc. increased 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 period. Vanguard Group Inc. increased its stake in shares of AerSale by 29.3% during the third quarter. Vanguard Group Inc. now owns 1,965,792 shares of the company’s stock valued at $16,100,000 after buying an additional 444,954 shares during the period. Marshall Wace LLP increased its stake in shares of AerSale by 277.4% during the third quarter. Marshall Wace LLP now owns 1,509,517 shares of the company’s stock valued at $12,363,000 after buying an additional 1,109,550 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of AerSale by 8.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,397,416 shares of the company’s stock valued at $8,691,000 after buying an additional 110,360 shares during the period. Finally, Millennium Management LLC increased its stake in shares of AerSale by 46.2% during the fourth quarter. Millennium Management LLC now owns 1,057,473 shares of the company’s stock valued at $7,519,000 after buying an additional 334,203 shares during the period. Hedge funds and other 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.