Peapod Lane Capital LLC Invests $2.50 Million in AerSale Co. (NASDAQ:ASLE)

Peapod Lane Capital LLC acquired a new position in shares of AerSale Co. (NASDAQ:ASLE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 396,674 shares of the company’s stock, valued at approximately $2,499,000. AerSale accounts for about 2.5% of Peapod Lane Capital LLC’s holdings, making the stock its 14th largest holding. Peapod Lane Capital LLC owned 0.75% of AerSale at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Spire Wealth Management bought a new stake in AerSale during the fourth quarter valued at about $27,000. nVerses Capital LLC lifted its position in shares of AerSale by 75.0% during the 3rd quarter. nVerses Capital LLC now owns 4,900 shares of the company’s stock worth $25,000 after purchasing an additional 2,100 shares during the last quarter. SG Americas Securities LLC bought a new stake in AerSale during the 3rd quarter valued at approximately $59,000. Bleakley Financial Group LLC acquired a new stake in AerSale in the 4th quarter valued at approximately $86,000. Finally, The Manufacturers Life Insurance Company increased its position in AerSale by 33.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,027 shares of the company’s stock worth $97,000 after buying an additional 3,531 shares during the period. 69.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ASLE. Truist Financial reduced their price objective on AerSale from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, October 18th. TD Cowen raised shares of AerSale to a “hold” rating in a report on Thursday, December 19th.

AerSale Stock Up 0.7 %

AerSale stock opened at $7.11 on Thursday. The business has a 50 day moving average price of $6.45 and a two-hundred day moving average price of $5.79. AerSale Co. has a 12 month low of $4.53 and a 12 month high of $9.79. The stock has a market cap of $378.32 million, a price-to-earnings ratio of 711.71 and a beta of 0.28.

About AerSale

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).