AerSale (NASDAQ:ASLE) Insider Frederick Craig Wright Sells 4,182 Shares of Stock

AerSale Corporation (NASDAQ:ASLE) insider Frederick Craig Wright sold 4,182 shares of AerSale stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 Trading Up 1.0%

AerSale stock opened at $6.24 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. The business’s 50-day simple moving average is $6.55 and its 200-day simple moving average is $6.87. The firm has a market capitalization of $294.84 million, a PE ratio of 28.36 and a beta of 0.27. AerSale Corporation has a 52 week low of $5.56 and a 52 week high of $9.12.

Institutional Investors Weigh In On AerSale

A number of institutional investors have recently added to or reduced their stakes in ASLE. Amundi acquired a new stake in AerSale during the first quarter worth about $161,000. Jane Street Group LLC grew its position in AerSale by 1,250.8% during the first quarter. Jane Street Group LLC now owns 174,543 shares of the company’s stock worth $1,307,000 after buying an additional 161,622 shares in the last quarter. American Century Companies Inc. grew its position in AerSale by 165.1% during the second quarter. American Century Companies Inc. now owns 234,335 shares of the company’s stock worth $1,408,000 after buying an additional 145,931 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in AerSale by 1.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 275,022 shares of the company’s stock worth $1,653,000 after buying an additional 4,416 shares in the last quarter. Finally, Invesco Ltd. grew its position in AerSale by 4.1% during the second quarter. Invesco Ltd. now owns 92,867 shares of the company’s stock worth $558,000 after buying an additional 3,652 shares in the last quarter. 69.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.