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

AerSale Corporation (NASDAQ:ASLE) insider Benjamin Thomas Tschirhart sold 1,886 shares of the business’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 $11,957.24. Following the completion of the transaction, the insider owned 32,564 shares in the company, valued at approximately $206,455.76. The trade was a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Stock Performance

ASLE traded down $0.01 during midday trading on Thursday, reaching $6.17. The company had a trading volume of 189,039 shares, compared to its average volume of 281,150. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.89 and a current ratio of 3.74. The stock has a market cap of $291.46 million, a PE ratio of 28.07 and a beta of 0.27. AerSale Corporation has a 12-month low of $5.56 and a 12-month high of $9.12. The business has a 50-day moving average price of $6.55 and a two-hundred day moving average price of $6.87.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of AerSale from a “hold (c-)” rating to a “sell (d)” rating in a research 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. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $7.00.

Institutional Trading of AerSale

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