GSA Capital Partners LLP Has $1.11 Million Stock Holdings in AerSale Co. (NASDAQ:ASLE)

GSA Capital Partners LLP lifted its position in AerSale Co. (NASDAQ:ASLE) by 47.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 219,082 shares of the company’s stock after purchasing an additional 70,887 shares during the quarter. GSA Capital Partners LLP’s holdings in AerSale were worth $1,106,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. nVerses Capital LLC grew its stake in AerSale by 75.0% during the third quarter. nVerses Capital LLC now owns 4,900 shares of the company’s stock worth $25,000 after buying an additional 2,100 shares during the last quarter. SG Americas Securities LLC bought a new stake in AerSale during the 3rd quarter worth approximately $59,000. The Manufacturers Life Insurance Company raised its position in AerSale by 33.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,027 shares of the company’s stock valued at $97,000 after purchasing an additional 3,531 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of AerSale during the second quarter worth approximately $107,000. Finally, American International Group Inc. raised its position in shares of AerSale by 30.5% during 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. Institutional investors and hedge funds own 69.48% of the company’s stock.

Analyst Upgrades and Downgrades

ASLE has been the topic of a number of analyst reports. Royal Bank of Canada cut 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 report on Thursday, August 8th. Truist Financial lowered their price objective on shares of AerSale from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Finally, Stifel Nicolaus dropped their target price on AerSale from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, August 9th.

AerSale Stock Up 2.2 %

ASLE opened at $5.91 on Friday. AerSale Co. has a twelve month low of $4.53 and a twelve month high of $16.69. The company has a fifty day moving average of $5.23 and a 200-day moving average of $6.13. The stock has a market cap of $314.47 million, a PE ratio of 591.59 and a beta of 0.22.

Insider Buying and Selling

In related news, insider Nicolas Finazzo acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average cost of $5.36 per share, for a total transaction of $107,200.00. Following the purchase, the insider now owns 37,000 shares in the company, valued at $198,320. This trade represents a 117.65 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 37.30% of the stock is owned by corporate insiders.

AerSale 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).