AerSale Co. (NASDAQ:ASLE) Insider Purchases $17,496.00 in Stock

AerSale Co. (NASDAQ:ASLE) insider Nicolas Finazzo bought 3,600 shares of AerSale stock in a transaction that occurred on Wednesday, September 4th. The shares were acquired at an average price of $4.86 per share, with a total value of $17,496.00. Following the completion of the transaction, the insider now owns 6,600 shares of the company’s stock, valued at $32,076. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Nicolas Finazzo also recently made the following trade(s):

• On Friday, June 14th, Nicolas Finazzo acquired 3,000 shares of AerSale stock. The shares were acquired at an average cost of $6.83 per share, with a total value of $20,490.00.

AerSale Stock Performance

Shares of ASLE stock traded down $0.22 on Friday, hitting $4.91. 253,416 shares of the company’s stock traded hands, compared to its average volume of 462,693. The stock has a market capitalization of $260.27 million, a price-to-earnings ratio of -497.00 and a beta of 0.23. The company’s fifty day simple moving average is $6.02 and its 200 day simple moving average is $6.97. AerSale Co. has a one year low of $4.70 and a one year high of $16.69.

AerSale (NASDAQ:ASLE) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.15). The company had revenue of $77.10 million for the quarter, compared to the consensus estimate of $87.66 million. AerSale had a negative net margin of 0.07% and a negative return on equity of 0.95%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the business posted ($0.08) earnings per share. As a group, sell-side analysts anticipate that AerSale Co. will post 0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on ASLE. Stifel Nicolaus lowered their price objective on shares of AerSale from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Truist Financial lowered their price target on AerSale from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Royal Bank of Canada cut their price objective on AerSale from $10.00 to $8.00 and set a “sector perform” rating for the company in a report on Thursday, August 8th.

Institutional Investors Weigh In On AerSale

A number of large investors have recently added to or reduced their stakes in the company. Capstone Investment Advisors LLC purchased a new position in shares of AerSale during the fourth quarter valued at about $1,589,000. GSA Capital Partners LLP purchased a new stake in AerSale in the first quarter worth approximately $856,000. Private Capital Management LLC grew its position in AerSale by 27.4% in the 1st quarter. Private Capital Management LLC now owns 1,849,539 shares of the company’s stock worth $13,280,000 after purchasing an additional 398,200 shares during the period. Ranger Investment Management L.P. raised its stake in AerSale by 57.2% during the 4th quarter. Ranger Investment Management L.P. now owns 2,278,295 shares of the company’s stock valued at $28,923,000 after buying an additional 828,836 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of AerSale by 21.1% during the 1st quarter. Janus Henderson Group PLC now owns 2,167,215 shares of the company’s stock valued at $15,560,000 after buying an additional 377,397 shares during the period. Institutional investors own 69.48% of the company’s stock.

AerSale Company Profile

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).