Insider Buying: AerSale Co. (NASDAQ:ASLE) Insider Purchases 20,000 Shares of Stock

AerSale Co. (NASDAQ:ASLE) insider Nicolas Finazzo purchased 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was acquired at an average price of $5.36 per share, for a total transaction of $107,200.00. Following the completion of the purchase, the insider now directly owns 37,000 shares of the company’s stock, valued at approximately $198,320. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Wednesday, September 4th, Nicolas Finazzo purchased 3,600 shares of AerSale stock. The stock was acquired at an average price of $4.86 per share, for a total transaction of $17,496.00.

AerSale Price Performance

ASLE traded down $0.06 on Wednesday, hitting $5.07. 259,898 shares of the stock were exchanged, compared to its average volume of 452,829. AerSale Co. has a 12 month low of $4.70 and a 12 month high of $16.69. The business has a 50-day moving average of $5.79 and a two-hundred day moving average of $6.71. The firm has a market capitalization of $268.76 million, a price-to-earnings ratio of -507.00 and a beta of 0.23.

AerSale (NASDAQ:ASLE) last posted 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 firm had revenue of $77.10 million for the quarter, compared to the consensus estimate of $87.66 million. During the same period in the prior year, the company earned ($0.08) EPS. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. Equities research analysts expect that AerSale Co. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ASLE shares. Royal Bank of Canada decreased their price target on shares of AerSale from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 8th. Stifel Nicolaus decreased their price target on shares of AerSale from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Truist Financial decreased their price target on shares of AerSale from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of AerSale by 33.6% in the second quarter. The Manufacturers Life Insurance Company now owns 14,027 shares of the company’s stock worth $97,000 after acquiring an additional 3,531 shares during the last quarter. Trexquant Investment LP bought a new position in shares of AerSale in the fourth quarter worth about $190,000. Allspring Global Investments Holdings LLC bought a new position in shares of AerSale in the second quarter worth about $107,000. American International Group Inc. lifted its holdings in shares of AerSale by 30.5% in the first quarter. American International Group Inc. now owns 16,605 shares of the company’s stock worth $119,000 after acquiring an additional 3,878 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of AerSale by 38.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 16,684 shares of the company’s stock worth $212,000 after acquiring an additional 4,650 shares during the last quarter. 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).