AerSale Corporation (NASDAQ:ASLE) Insider Martin Garmendia Sells 2,247 Shares of Stock

AerSale Corporation (NASDAQ:ASLE) insider Martin Garmendia sold 2,247 shares of the company’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $5.94, for a total transaction of $13,347.18. Following the transaction, the insider now owns 158,900 shares in the company, valued at $943,866. This represents a 1.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

AerSale Trading Down 1.4%

NASDAQ:ASLE opened at $5.72 on Wednesday. AerSale Corporation has a one year low of $4.53 and a one year high of $8.76. The company has a market cap of $268.04 million, a PE ratio of -52.00 and a beta of 0.23. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.54 and a quick ratio of 0.88. The firm has a 50-day moving average of $6.37 and a 200-day moving average of $6.72.

Analyst Ratings Changes

A number of brokerages recently commented on ASLE. Royal Bank Of Canada decreased their target price on AerSale from $8.00 to $7.00 and set a “sector perform” rating for the company in a research report on Thursday, May 8th. Wall Street Zen lowered AerSale from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $8.67.

Institutional Trading of AerSale

Institutional investors and hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC purchased a new stake in shares of AerSale in the first quarter valued at about $4,377,000. Jane Street Group LLC increased its stake in AerSale by 1,250.8% in the 1st quarter. Jane Street Group LLC now owns 174,543 shares of the company’s stock valued at $1,307,000 after buying an additional 161,622 shares during the last quarter. Amundi bought a new position in shares of AerSale during the 1st quarter worth approximately $161,000. Ancora Advisors LLC boosted its stake in shares of AerSale by 1.9% in the 1st quarter. Ancora Advisors LLC now owns 175,754 shares of the company’s stock worth $1,316,000 after buying an additional 3,243 shares during the last quarter. Finally, PDT Partners LLC grew its holdings in shares of AerSale by 78.0% in the first quarter. PDT Partners LLC now owns 38,632 shares of the company’s stock valued at $289,000 after acquiring an additional 16,929 shares in the last quarter. 69.48% of the stock is owned by hedge funds and other institutional investors.

AerSale Company Profile

AerSale Corporation provides aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and overhaul (MRO) service providers worldwide. It operates in two segments, Asset Management Solutions and Technical Operations (TechOps).