AerSale Corporation (NASDAQ:ASLE) Insider Sells $13,347.18 in Stock

AerSale Corporation (NASDAQ:ASLE - Get Free Report) insider Martin Garmendia sold 2,247 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $5.94, for a total value of $13,347.18. Following the sale, the insider now directly owns 158,900 shares of the company's stock, valued at approximately $943,866. The trade was a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

AerSale Stock Down 0.9%

Shares of NASDAQ:ASLE traded down $0.05 on Friday, hitting $5.82. 147,707 shares of the company traded hands, compared to its average volume of 408,001. The company has a market cap of $272.73 million, a PE ratio of -52.95 and a beta of 0.23. The stock has a 50 day simple moving average of $6.31 and a 200-day simple moving average of $6.71. AerSale Corporation has a 52 week low of $4.53 and a 52 week high of $8.76. The company has a quick ratio of 0.88, a current ratio of 4.54 and a debt-to-equity ratio of 0.01.

Analyst Upgrades and Downgrades

A number of research firms have commented on ASLE. Wall Street Zen lowered AerSale from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada cut their target price on AerSale from $8.00 to $7.00 and set a "sector perform" rating on the stock in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, AerSale has an average rating of "Hold" and a consensus price target of $8.67.

Institutional Investors Weigh In On AerSale

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASLE. Nuveen Asset Management LLC lifted its holdings in AerSale by 22.4% in the 4th quarter. Nuveen Asset Management LLC now owns 572,882 shares of the company's stock worth $3,609,000 after purchasing an additional 104,663 shares in the last quarter. Raymond James Financial Inc. bought a new position in AerSale during the fourth quarter valued at approximately $261,000. BNP Paribas Financial Markets bought a new stake in AerSale in the 4th quarter worth approximately $377,000. Trexquant Investment LP increased its stake in AerSale by 67.4% in the 4th quarter. Trexquant Investment LP now owns 234,440 shares of the company's stock worth $1,477,000 after acquiring an additional 94,397 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of AerSale by 58.0% during the 4th quarter. JPMorgan Chase & Co. now owns 108,564 shares of the company's stock worth $684,000 after acquiring an additional 39,854 shares in the last quarter. Institutional investors own 69.48% of the company's stock.

About AerSale

AerSale Corporation provides aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and overhaul (MRO) service providers worldwide. It operates in two segments, Asset Management Solutions and Technical Operations (TechOps).