Paul Andrew Hechenberger Sells 1,586 Shares of AerSale (NASDAQ:ASLE) Stock

AerSale Corporation (NASDAQ:ASLE) insider Paul Andrew Hechenberger sold 1,586 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $6.34, for a total transaction of $10,055.24. Following the completion of the sale, the insider owned 14,581 shares in the company, valued at $92,443.54. This represents a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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

AerSale stock opened at $6.27 on Friday. AerSale Corporation has a 52 week low of $5.56 and a 52 week 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’s 50-day simple moving average is $6.55 and its 200 day simple moving average is $6.86. The firm has a market capitalization of $296.26 million, a PE ratio of 28.50 and a beta of 0.27.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of AerSale from a “hold (c-)” rating to a “sell (d)” rating in a report on Friday, May 15th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $7.00.

Institutional Investors Weigh In On AerSale

Hedge funds and other institutional investors have recently modified their holdings of the company. Segall Bryant & Hamill LLC purchased a new stake in shares of AerSale during the third quarter worth about $2,516,000. Tudor Investment Corp ET AL grew its holdings in shares of AerSale by 72.5% during the third quarter. Tudor Investment Corp ET AL now owns 282,754 shares of the company’s stock worth $2,316,000 after buying an additional 118,809 shares in the last quarter. Hillsdale Investment Management Inc. grew its holdings in shares of AerSale by 377.2% during the fourth quarter. Hillsdale Investment Management Inc. now owns 157,491 shares of the company’s stock worth $1,120,000 after buying an additional 124,491 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of AerSale during the fourth quarter worth about $56,000. Finally, Peapod Lane Capital LLC grew its holdings in shares of AerSale by 10.2% during the fourth quarter. Peapod Lane Capital LLC now owns 496,884 shares of the company’s stock worth $3,533,000 after buying an additional 45,950 shares in the last quarter. 69.48% of the stock is currently owned by hedge funds and other institutional investors.

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.