Gary Edmund Jones Sells 7,491 Shares of AerSale (NASDAQ:ASLE) Stock

AerSale Corporation (NASDAQ:ASLE) insider Gary Edmund Jones sold 7,491 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $6.34, for a total value of $47,492.94. Following the completion of the transaction, the insider directly owned 162,405 shares in the company, valued at $1,029,647.70. The trade was a 4.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through 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 Stock Up 0.5%

Shares of ASLE stock opened at $6.27 on Friday. The stock’s 50 day simple moving average is $6.55 and its 200 day simple moving average is $6.86. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.89 and a current ratio of 3.74. AerSale Corporation has a twelve month low of $5.56 and a twelve month high of $9.12. The company has a market capitalization of $296.26 million, a price-to-earnings ratio of 28.50 and a beta of 0.27.

Analyst Upgrades and Downgrades

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

Institutional Trading of AerSale

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. M3F Inc. grew its holdings in AerSale by 20.0% in the 1st quarter. M3F Inc. now owns 3,983,632 shares of the company’s stock valued at $24,778,000 after buying an additional 664,487 shares during the last quarter. Vanguard Group Inc. grew its holdings in AerSale by 29.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,965,792 shares of the company’s stock valued at $16,100,000 after buying an additional 444,954 shares during the last quarter. Marshall Wace LLP grew its holdings in AerSale by 277.4% in the 3rd quarter. Marshall Wace LLP now owns 1,509,517 shares of the company’s stock valued at $12,363,000 after buying an additional 1,109,550 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in AerSale by 8.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,397,416 shares of the company’s stock valued at $8,691,000 after buying an additional 110,360 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in AerSale by 46.2% in the 4th quarter. Millennium Management LLC now owns 1,057,473 shares of the company’s stock valued at $7,519,000 after buying an additional 334,203 shares during the last quarter. Institutional investors and hedge funds own 69.48% of the company’s stock.

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.