AerSale (NASDAQ:ASLE) Insider Nicolas Finazzo Buys 1,707 Shares

by · The Cerbat Gem

AerSale Corporation (NASDAQ:ASLE – Get Free Report) insider Nicolas Finazzo bought 1,707 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were acquired at an average cost of $5.99 per share, for a total transaction of $10,224.93. Following the completion of the transaction, the insider owned 38,267 shares of the company’s stock, valued at approximately $229,219.33. The trade was a 4.67% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Wednesday, November 19th, Nicolas Finazzo acquired 1,560 shares of AerSale stock. The shares were purchased at an average price of $5.99 per share, for a total transaction of $9,344.40.

AerSale Stock Performance

Shares of AerSale stock traded up $0.19 during trading hours on Friday, reaching $6.19. The company’s stock had a trading volume of 533,200 shares, compared to its average volume of 436,867. AerSale Corporation has a one year low of $5.56 and a one year high of $9.12. The company’s 50 day simple moving average is $7.51 and its 200 day simple moving average is $7.02. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.92 and a current ratio of 4.41. The stock has a market cap of $292.11 million, a P/E ratio of 47.62 and a beta of 0.24.

AerSale (NASDAQ:ASLE – Get Free Report) last released its quarterly earnings results 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 business had revenue of $71.19 million for the quarter, compared to the consensus estimate of $93.86 million. AerSale had a net margin of 1.73% and a return on equity of 2.10%. As a group, analysts expect that AerSale Corporation will post 0.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Research Report on ASLE

Institutional Trading of AerSale

Several institutional investors have recently made changes to their positions in ASLE. Alliancebernstein L.P. raised its position in AerSale by 6.0% in the third quarter. Alliancebernstein L.P. now owns 48,270 shares of the company’s stock worth $395,000 after purchasing an additional 2,740 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of AerSale by 6.7% in the 3rd quarter. Raymond James Financial Inc. now owns 44,360 shares of the company’s stock valued at $363,000 after purchasing an additional 2,775 shares during the period. BNP Paribas Financial Markets grew its stake in shares of AerSale by 45.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,813 shares of the company’s stock valued at $80,000 after purchasing an additional 3,071 shares during the period. Ancora Advisors LLC raised its holdings in shares of AerSale by 1.9% in the 1st quarter. Ancora Advisors LLC now owns 175,754 shares of the company’s stock worth $1,316,000 after buying an additional 3,243 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of AerSale by 4.1% during the 2nd quarter. Invesco Ltd. now owns 92,867 shares of the company’s stock worth $558,000 after buying an additional 3,652 shares during the period. 69.48% of the stock is currently owned by institutional investors and hedge funds.

About AerSale

(Get Free Report)

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).

Featured Stories