Benjamin Thomas Tschirhart Sells 1,886 Shares of AerSale (NASDAQ:ASLE) Stock

AerSale Corporation (NASDAQ:ASLE) insider Benjamin Thomas Tschirhart sold 1,886 shares of AerSale stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $6.34, for a total transaction of $11,957.24. Following the sale, the insider owned 32,564 shares of the company’s stock, valued at $206,455.76. The trade was a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 0.5%

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On AerSale

Institutional investors and hedge funds have recently made changes to their positions in the stock. M3F Inc. lifted its position in AerSale by 20.0% during the first quarter. M3F Inc. now owns 3,983,632 shares of the company’s stock valued at $24,778,000 after purchasing an additional 664,487 shares during the period. Vanguard Group Inc. lifted its position in AerSale by 29.3% during the third quarter. Vanguard Group Inc. now owns 1,965,792 shares of the company’s stock valued at $16,100,000 after purchasing an additional 444,954 shares during the period. Marshall Wace LLP lifted its position in AerSale by 277.4% during the third quarter. Marshall Wace LLP now owns 1,509,517 shares of the company’s stock valued at $12,363,000 after purchasing an additional 1,109,550 shares during the period. Dimensional Fund Advisors LP lifted its position in AerSale by 8.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,397,416 shares of the company’s stock valued at $8,691,000 after purchasing an additional 110,360 shares during the period. Finally, Millennium Management LLC lifted its position in AerSale by 46.2% during the fourth quarter. Millennium Management LLC now owns 1,057,473 shares of the company’s stock valued at $7,519,000 after purchasing an additional 334,203 shares during the period. 69.48% of the stock is currently owned by institutional investors and hedge funds.

AerSale Company 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.