Nicolas Finazzo Acquires 6,352 Shares of AerSale (NASDAQ:ASLE) Stock

AerSale Corporation (NASDAQ:ASLE) insider Nicolas Finazzo bought 6,352 shares of the stock in a transaction dated Friday, November 21st. The shares were bought at an average cost of $5.99 per share, with a total value of $38,048.48. Following the completion of the acquisition, the insider directly owned 44,619 shares of the company’s stock, valued at approximately $267,267.81. The trade was a 16.60% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, November 20th, Nicolas Finazzo purchased 1,707 shares of AerSale stock. The stock was bought at an average cost of $5.99 per share, for a total transaction of $10,224.93.
• On Wednesday, November 19th, Nicolas Finazzo acquired 1,560 shares of AerSale stock. The shares were bought at an average price of $5.99 per share, with a total value of $9,344.40.

AerSale Stock Performance

NASDAQ ASLE traded up $0.01 during trading hours on Tuesday, hitting $6.38. The company had a trading volume of 253,109 shares, compared to its average volume of 436,031. The company has a quick ratio of 0.92, a current ratio of 4.41 and a debt-to-equity ratio of 0.01. The firm has a market cap of $300.99 million, a P/E ratio of 49.07 and a beta of 0.24. AerSale Corporation has a fifty-two week low of $5.56 and a fifty-two week high of $9.12. The business has a fifty day simple moving average of $7.42 and a 200-day simple moving average of $7.02.

AerSale (NASDAQ:ASLE) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). The firm had revenue of $71.19 million during the quarter, compared to analyst estimates of $93.86 million. AerSale had a return on equity of 2.10% and a net margin of 1.73%. Equities analysts predict that AerSale Corporation will post 0.09 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ASLE. M3F Inc. boosted its stake in shares of AerSale by 11.3% during the 2nd quarter. M3F Inc. now owns 3,472,920 shares of the company’s stock valued at $20,872,000 after buying an additional 353,222 shares during the period. Vanguard Group Inc. raised its holdings in shares of AerSale by 29.3% during the third quarter. Vanguard Group Inc. now owns 1,965,792 shares of the company’s stock worth $16,100,000 after acquiring an additional 444,954 shares in the last quarter. Marshall Wace LLP boosted its position in AerSale by 277.4% during the third quarter. Marshall Wace LLP now owns 1,509,517 shares of the company’s stock valued at $12,363,000 after purchasing an additional 1,109,550 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in AerSale by 12.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,203,996 shares of the company’s stock valued at $9,861,000 after purchasing an additional 133,570 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in AerSale by 60.7% in the second quarter. Acadian Asset Management LLC now owns 940,582 shares of the company’s stock valued at $5,646,000 after purchasing an additional 355,178 shares in the last quarter. Institutional investors and hedge funds own 69.48% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Truist Financial decreased their price objective on AerSale from $7.00 to $6.00 and set a “hold” rating for the company in a report on Monday, November 10th. Royal Bank Of Canada increased their target price on shares of AerSale from $7.00 to $8.00 and gave the company a “sector perform” rating in a research note on Thursday, August 7th. Zacks Research lowered AerSale from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of AerSale in a research report on Monday. Finally, Wall Street Zen lowered AerSale from a “buy” rating to a “hold” rating in a report on Tuesday, November 18th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $7.00.

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).