GSA Capital Partners LLP Invests $792,000 in AerSale Corporation $ASLE

GSA Capital Partners LLP bought a new position in shares of AerSale Corporation (NASDAQ:ASLE) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 125,383 shares of the company’s stock, valued at approximately $792,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. CWM LLC lifted its stake in AerSale by 100.7% in the 4th quarter. CWM LLC now owns 6,393 shares of the company’s stock worth $45,000 after purchasing an additional 3,208 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings 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 during the last quarter. State of Alaska Department of Revenue bought a new position in shares of AerSale during the 4th quarter valued at about $56,000. KLCM Advisors Inc. purchased a new position in shares of AerSale during the fourth quarter valued at about $71,000. Finally, HRT Financial LP bought a new stake in shares of AerSale in the fourth quarter worth about $75,000. 69.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of AerSale in a research report on Wednesday, August 12th. Royal Bank Of Canada reduced their price objective on AerSale from $8.00 to $7.00 and set a “sector perform” rating on the stock in a research note on Monday, August 10th. Zacks Research raised AerSale to a “hold” rating in a report on Wednesday, July 1st. Wall Street Zen downgraded AerSale from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, B. Riley Financial began coverage on shares of AerSale in a report on Monday, June 29th. They issued a “neutral” rating and a $7.50 target price for the company. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, AerSale currently has an average rating of “Reduce” and a consensus target price of $6.83.

Insider Activity at AerSale

In related news, insider Gary Edmund Jones sold 7,491 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $6.34, for a total value of $47,492.94. Following the completion of the sale, the insider directly owned 162,405 shares in the company, valued at $1,029,647.70. This trade represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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. Also, insider Frederick Craig Wright sold 4,182 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 $26,513.88. Following the transaction, the insider directly owned 213,531 shares of the company’s stock, valued at $1,353,786.54. The trade was a 1.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 90 days, insiders have sold 21,316 shares of company stock worth $135,160. Company insiders own 20.10% of the company’s stock.

AerSale Trading Down 2.4%

Shares of ASLE stock opened at $5.76 on Wednesday. AerSale Corporation has a 1 year low of $5.56 and a 1 year high of $9.12. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.27 and a quick ratio of 0.76. The stock’s 50 day simple moving average is $6.20 and its two-hundred day simple moving average is $6.56. The company has a market cap of $274.92 million, a PE ratio of -72.00 and a beta of 0.28.

AerSale (NASDAQ:ASLE) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.15). The company had revenue of $70.93 million during the quarter, compared to the consensus estimate of $81.24 million. AerSale had a negative net margin of 1.23% and a negative return on equity of 0.27%. Research analysts predict that AerSale Corporation will post 0.18 earnings per share for the current year.

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.