Insider Selling: AerSale (NASDAQ:ASLE) Insider Sells 7,491 Shares of Stock

AerSale Corporation (NASDAQ:ASLE) insider Gary Edmund Jones sold 7,491 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $6.34, for a total transaction of $47,492.94. Following the completion of the sale, the insider directly owned 162,405 shares of the company’s stock, valued at $1,029,647.70. The trade was a 4.41% decrease in their position. The transaction 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 Down 0.2%

Shares of ASLE stock traded down $0.01 during mid-day trading on Thursday, reaching $6.17. The company’s stock had a trading volume of 189,039 shares, compared to its average volume of 281,150. The company’s 50 day simple moving average is $6.55 and its 200-day simple moving average is $6.87. AerSale Corporation has a 12-month low of $5.56 and a 12-month high of $9.12. The company has a quick ratio of 0.89, a current ratio of 3.74 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $291.46 million, a PE ratio of 28.07 and a beta of 0.27.

Wall Street Analyst Weigh In

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

Institutional Trading of AerSale

Several large investors have recently modified their holdings of ASLE. Amundi acquired a new stake in shares of AerSale during the first quarter valued at about $161,000. Jane Street Group LLC grew its stake in shares of AerSale by 1,250.8% during the first quarter. Jane Street Group LLC now owns 174,543 shares of the company’s stock valued at $1,307,000 after acquiring an additional 161,622 shares in the last quarter. American Century Companies Inc. grew its stake in shares of AerSale by 165.1% during the second quarter. American Century Companies Inc. now owns 234,335 shares of the company’s stock valued at $1,408,000 after acquiring an additional 145,931 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of AerSale by 1.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 275,022 shares of the company’s stock valued at $1,653,000 after acquiring an additional 4,416 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of AerSale by 4.1% during the second quarter. Invesco Ltd. now owns 92,867 shares of the company’s stock valued at $558,000 after acquiring an additional 3,652 shares in the last quarter. 69.48% of the stock is currently 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.