Hillsdale Investment Management Inc. Grows Holdings in AerSale Corporation $ASLE

Hillsdale Investment Management Inc. increased its position in shares of AerSale Corporation (NASDAQ:ASLE) by 377.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 157,491 shares of the company’s stock after purchasing an additional 124,491 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in AerSale were worth $1,120,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ASLE. Alliancebernstein L.P. boosted its stake in AerSale by 6.0% in the third quarter. Alliancebernstein L.P. now owns 48,270 shares of the company’s stock valued at $395,000 after acquiring an additional 2,740 shares during the last quarter. Raymond James Financial Inc. boosted its stake in AerSale by 6.7% in the third quarter. Raymond James Financial Inc. now owns 44,360 shares of the company’s stock valued at $363,000 after acquiring an additional 2,775 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in AerSale by 45.6% in the third quarter. BNP Paribas Financial Markets now owns 9,813 shares of the company’s stock valued at $80,000 after acquiring an additional 3,071 shares during the last quarter. CWM LLC boosted its stake in AerSale by 100.7% in the fourth quarter. CWM LLC now owns 6,393 shares of the company’s stock valued at $45,000 after acquiring an additional 3,208 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in AerSale by 4.1% in the second quarter. Invesco Ltd. now owns 92,867 shares of the company’s stock valued at $558,000 after acquiring an additional 3,652 shares during the last quarter. Institutional investors own 69.48% of the company’s stock.

AerSale Stock Performance

AerSale stock opened at $6.59 on Monday. The firm’s 50 day simple moving average is $6.52 and its 200 day simple moving average is $6.85. 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 firm has a market capitalization of $311.38 million, a PE ratio of 29.96 and a beta of 0.27. AerSale Corporation has a 1-year low of $5.56 and a 1-year high of $9.12.

AerSale (NASDAQ:ASLE) last posted its earnings results on Thursday, March 5th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $90.94 million for the quarter, compared to analyst estimates of $84.07 million. AerSale had a net margin of 3.06% and a return on equity of 3.10%.

Wall Street Analyst Weigh In

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

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.