AerSale (NASDAQ:ASLE) Insider Sells $26,513.88 in Stock

AerSale Corporation (NASDAQ:ASLE) insider Frederick Craig Wright sold 4,182 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $6.34, for a total value of $26,513.88. Following the completion of the transaction, the insider owned 213,531 shares in the company, valued at $1,353,786.54. The trade was a 1.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 Up 0.5%

Shares of NASDAQ ASLE opened at $6.27 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.89 and a current ratio of 3.74. AerSale Corporation has a 52 week low of $5.56 and a 52 week high of $9.12. The stock has a market capitalization of $296.26 million, a P/E ratio of 28.50 and a beta of 0.27. The stock’s fifty day moving average is $6.55 and its 200 day moving average is $6.86.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut 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 given a Sell rating to the company’s stock. According to MarketBeat, AerSale currently has a consensus rating of “Reduce” and an average price target of $7.00.

Institutional Trading of AerSale

Large investors have recently bought and sold shares of the business. CWM LLC boosted its stake in AerSale by 100.7% in the fourth quarter. CWM LLC now owns 6,393 shares of the company’s stock valued at $45,000 after buying an additional 3,208 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in AerSale by 39.0% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,829 shares of the company’s stock valued at $55,000 after buying an additional 2,477 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in AerSale in the fourth quarter valued at about $56,000. KLCM Advisors Inc. acquired a new stake in AerSale in the fourth quarter valued at about $71,000. Finally, HRT Financial LP acquired a new stake in AerSale in the fourth quarter valued at about $75,000. 69.48% of the stock is owned by institutional investors and hedge funds.

About AerSale

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.