Martin Garmendia Sells 6,094 Shares of AerSale (NASDAQ:ASLE) Stock

AerSale Corporation (NASDAQ:ASLEGet Free Report) insider Martin Garmendia sold 6,094 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $6.34, for a total transaction of $38,635.96. Following the completion of the transaction, the insider directly owned 183,377 shares in the company, valued at $1,162,610.18. This trade represents a 3.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 0.5%

NASDAQ ASLE opened at $6.27 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.74 and a quick ratio of 0.89. The firm’s fifty day moving average price is $6.55 and its 200 day moving average price is $6.86. The company has a market capitalization of $296.26 million, a price-to-earnings ratio of 28.50 and a beta of 0.27. AerSale Corporation has a 12 month low of $5.56 and a 12 month high of $9.12.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ASLE. Amundi purchased a new position in shares of AerSale in the 1st quarter valued at $161,000. Jane Street Group LLC grew its position in AerSale by 1,250.8% during the 1st quarter. Jane Street Group LLC now owns 174,543 shares of the company’s stock worth $1,307,000 after purchasing an additional 161,622 shares during the last quarter. American Century Companies Inc. grew its position in AerSale by 165.1% during the 2nd quarter. American Century Companies Inc. now owns 234,335 shares of the company’s stock worth $1,408,000 after purchasing an additional 145,931 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in AerSale by 1.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 275,022 shares of the company’s stock worth $1,653,000 after purchasing an additional 4,416 shares during the last quarter. Finally, Invesco Ltd. grew its position in AerSale by 4.1% during the 2nd quarter. Invesco Ltd. now owns 92,867 shares of the company’s stock worth $558,000 after purchasing an additional 3,652 shares during the last quarter. 69.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Get Our Latest Stock Analysis on ASLE

AerSale Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for AerSale (NASDAQ:ASLE)

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