AerSale Corporation (NASDAQ:ASLE – Get Free Report) insider Frederick Craig Wright sold 4,182 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $6.34, for a total transaction of $26,513.88. Following the completion of the sale, the insider directly owned 213,531 shares in the company, valued at approximately $1,353,786.54. The trade was a 1.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 Stock Up 0.5%
AerSale stock opened at $6.27 on Friday. The stock has a market cap of $296.26 million, a P/E ratio of 28.50 and a beta of 0.27. The company has a quick ratio of 0.89, a current ratio of 3.74 and a debt-to-equity ratio of 0.01. AerSale Corporation has a twelve month low of $5.56 and a twelve month high of $9.12. The company’s 50-day moving average price is $6.55 and its two-hundred day moving average price is $6.86.
Institutional Trading of AerSale
Several institutional investors have recently added to or reduced their stakes in ASLE. CWM LLC raised its position in shares of AerSale by 100.7% in the 4th quarter. CWM LLC now owns 6,393 shares of the company’s stock worth $45,000 after acquiring an additional 3,208 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of AerSale by 39.0% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,829 shares of the company’s stock valued at $55,000 after purchasing an additional 2,477 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in AerSale during the fourth quarter worth approximately $56,000. KLCM Advisors Inc. acquired a new stake in AerSale during the fourth quarter worth approximately $71,000. Finally, HRT Financial LP bought a new stake in AerSale in the fourth quarter worth approximately $75,000. 69.48% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Read Our Latest Stock Report on AerSale
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.
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