Insider Buying: AerSale (NASDAQ:ASLE) Director Buys 2,100 Shares of Stock

Key Points

• Judith Ann Fedder, a director at AerSale Corporation, purchased 2,100 shares of the company at an average price of $8.51, increasing her ownership to 61,175 shares valued at approximately $520,599.25.
• AerSale's stock has seen a significant increase in institutional interest, with several hedge funds increasing their holdings dramatically during the first quarter of 2023.
• Equity analysts have mixed views on AerSale, with Truist Financial downgrading its rating while Wall Street Zen upgraded it to a "strong-buy".

AerSale Corporation (NASDAQ:ASLE - Get Free Report) Director Judith Ann Fedder bought 2,100 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was purchased at an average cost of $8.51 per share, with a total value of $17,871.00. Following the completion of the acquisition, the director directly owned 61,175 shares of the company's stock, valued at approximately $520,599.25. The trade was a 3.55% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

AerSale Stock Down 0.2%

NASDAQ ASLE traded down $0.0150 during mid-day trading on Tuesday, reaching $8.8150. The stock had a trading volume of 157,432 shares, compared to its average volume of 423,501. The stock has a market cap of $415.89 million, a PE ratio of 62.96 and a beta of 0.24. AerSale Corporation has a 1 year low of $4.53 and a 1 year high of $8.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.87 and a quick ratio of 0.82. The company has a fifty day moving average price of $6.40 and a 200 day moving average price of $6.76.

Wall Street Analysts Forecast Growth

ASLE has been the subject of a number of recent research reports. Truist Financial downgraded shares of AerSale from a "buy" rating to a "hold" rating and cut their price objective for the company from $8.00 to $6.00 in a research report on Friday, July 11th. Royal Bank Of Canada lifted their target price on AerSale from $7.00 to $8.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. Finally, Wall Street Zen raised AerSale from a "sell" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, AerSale currently has a consensus rating of "Hold" and a consensus target price of $7.00.

Institutional Trading of AerSale

A number of institutional investors have recently modified their holdings of the company. M3F Inc. grew its stake in AerSale by 11.3% during the 2nd quarter. M3F Inc. now owns 3,472,920 shares of the company's stock worth $20,872,000 after buying an additional 353,222 shares during the last quarter. Private Management Group Inc. lifted its holdings in AerSale by 7.3% in the first quarter. Private Management Group Inc. now owns 1,191,512 shares of the company's stock valued at $8,924,000 after acquiring an additional 81,378 shares during the period. Alyeska Investment Group L.P. boosted its holdings in AerSale by 105.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,100,000 shares of the company's stock worth $6,930,000 after buying an additional 565,017 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of AerSale by 60.7% during the 2nd quarter. Acadian Asset Management LLC now owns 940,582 shares of the company's stock valued at $5,646,000 after acquiring an additional 355,178 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC increased its position in shares of AerSale by 4.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 893,850 shares of the company's stock valued at $6,695,000 after buying an additional 34,880 shares in the last quarter. 69.48% of the stock is currently owned by institutional investors.

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).