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

AerSale Co. (NASDAQ:ASLE) insider Nicolas Finazzo purchased 3,600 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was purchased at an average price of $4.86 per share, with a total value of $17,496.00. Following the purchase, the insider now owns 6,600 shares of the company’s stock, valued at $32,076. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

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

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

AerSale Price Performance

ASLE stock opened at $4.91 on Friday. The business’s fifty day moving average price is $5.98 and its two-hundred day moving average price is $6.94. The stock has a market capitalization of $260.27 million, a price-to-earnings ratio of -491.00 and a beta of 0.23. AerSale Co. has a fifty-two week low of $4.70 and a fifty-two week high of $16.69.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Capstone Investment Advisors LLC acquired a new position in AerSale during the fourth quarter worth about $1,589,000. GSA Capital Partners LLP acquired a new stake in shares of AerSale in the 1st quarter valued at approximately $856,000. Private Capital Management LLC grew its holdings in shares of AerSale by 27.4% during the 1st quarter. Private Capital Management LLC now owns 1,849,539 shares of the company’s stock valued at $13,280,000 after purchasing an additional 398,200 shares during the last quarter. Ranger Investment Management L.P. increased its position 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 worth $28,923,000 after purchasing an additional 828,836 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in AerSale by 21.1% in the 1st quarter. Janus Henderson Group PLC now owns 2,167,215 shares of the company’s stock valued at $15,560,000 after purchasing an additional 377,397 shares during the last quarter. Institutional investors own 69.48% of the company’s stock.

Wall Street Analyst Weigh In

ASLE has been the subject of a number of recent analyst reports. 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 research report on Thursday, August 8th. Stifel Nicolaus dropped 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. Finally, Truist Financial reduced their target price on shares of AerSale from $12.00 to $10.00 and set a “buy” rating for the company in a report on Thursday, August 8th.

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).