Nicolas Finazzo Purchases 3,600 Shares of AerSale Co. (NASDAQ:ASLE) Stock

AerSale Co. (NASDAQ:ASLE) insider Nicolas Finazzo purchased 3,600 shares of AerSale stock in a transaction dated Wednesday, September 4th. The shares were acquired at an average cost of $4.86 per share, with a total value of $17,496.00. Following the transaction, the insider now directly owns 6,600 shares in the company, valued at $32,076. The purchase was disclosed in a document filed with the Securities & Exchange Commission, 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 shares were acquired at an average cost of $6.83 per share, with a total value of $20,490.00.

AerSale Stock Down 4.3 %

NASDAQ ASLE traded down $0.22 during trading hours on Friday, reaching $4.91. The company’s stock had a trading volume of 253,416 shares, compared to its average volume of 462,693. AerSale Co. has a 1 year low of $4.70 and a 1 year high of $16.69. The firm’s 50-day moving average price is $6.02 and its 200-day moving average price is $6.97. The company has a market capitalization of $260.27 million, a price-to-earnings ratio of -497.00 and a beta of 0.23.

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

Hedge Funds Weigh In On AerSale

A number of large investors have recently bought and sold shares of the business. Ranger Investment Management L.P. raised its position in shares of AerSale by 57.2% in the 4th quarter. Ranger Investment Management L.P. now owns 2,278,295 shares of the company’s stock worth $28,923,000 after acquiring an additional 828,836 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of AerSale by 520.7% during the 2nd quarter. Millennium Management LLC now owns 581,814 shares of the company’s stock valued at $4,026,000 after purchasing an additional 488,081 shares during the last quarter. Private Capital Management LLC boosted its position in shares of 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 in the last quarter. Janus Henderson Group PLC increased its position in 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 in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of AerSale by 683.1% during the second quarter. Marshall Wace LLP now owns 207,338 shares of the company’s stock worth $1,435,000 after acquiring an additional 180,860 shares during the last quarter. Institutional investors own 69.48% of the company’s stock.

Wall Street Analyst Weigh In

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

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).