GSA Capital Partners LLP acquired a new stake in shares of AerSale Corporation (NASDAQ:ASLE – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 125,383 shares of the company’s stock, valued at approximately $792,000. GSA Capital Partners LLP owned about 0.27% of AerSale as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in AerSale by 100.7% in the fourth quarter. CWM LLC now owns 6,393 shares of the company’s stock worth $45,000 after purchasing an additional 3,208 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in 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 buying an additional 2,477 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of AerSale during the 4th quarter valued at $56,000. KLCM Advisors Inc. bought a new position in shares of AerSale during the 4th quarter valued at $71,000. Finally, HRT Financial LP purchased a new position in shares of AerSale in the 4th quarter worth $75,000. Institutional investors own 69.48% of the company’s stock.
AerSale Price Performance
NASDAQ ASLE opened at $5.76 on Wednesday. The company has a current ratio of 3.27, a quick ratio of 0.76 and a debt-to-equity ratio of 0.01. AerSale Corporation has a 12 month low of $5.56 and a 12 month high of $9.12. The stock has a market cap of $274.92 million, a price-to-earnings ratio of -72.00 and a beta of 0.28. The company’s 50 day moving average is $6.20 and its two-hundred day moving average is $6.56.
Insider Buying and Selling
In related news, insider Martin Garmendia sold 6,094 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $6.34, for a total value of $38,635.96. Following the completion of the transaction, the insider owned 183,377 shares of the company’s stock, valued at approximately $1,162,610.18. This represents a 3.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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. Also, insider Frederick Craig Wright sold 4,182 shares of the stock in a transaction on 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 sale, the insider owned 213,531 shares of the company’s stock, valued at $1,353,786.54. The trade was a 1.92% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. In the last quarter, insiders sold 21,316 shares of company stock valued at $135,160. Company insiders own 20.10% of the company’s stock.
Wall Street Analyst Weigh In
ASLE has been the subject of a number of research reports. B. Riley Financial assumed coverage on AerSale in a research report on Monday, June 29th. They set a “neutral” rating and a $7.50 price objective for the company. Wall Street Zen cut AerSale from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Research upgraded AerSale to a “hold” rating in a research note on Wednesday, July 1st. Royal Bank Of Canada reduced their price target on shares of AerSale from $8.00 to $7.00 and set a “sector perform” rating for the company in a research report on Monday, August 10th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of AerSale in a research note on Wednesday, August 12th. Four 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, AerSale has a consensus rating of “Reduce” and an average target price of $6.83.
View Our Latest Report on AerSale
AerSale Profile
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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