Bleakley Financial Group LLC Invests $86,000 in AerSale Co. (NASDAQ:ASLE)

Bleakley Financial Group LLC purchased a new stake in AerSale Co. (NASDAQ:ASLE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,590 shares of the company’s stock, valued at approximately $86,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its position in shares of AerSale by 33.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,027 shares of the company’s stock worth $97,000 after purchasing an additional 3,531 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of AerSale during the 3rd quarter worth approximately $59,000. nVerses Capital LLC lifted its stake in AerSale by 75.0% in the 3rd quarter. nVerses Capital LLC now owns 4,900 shares of the company’s stock valued at $25,000 after purchasing an additional 2,100 shares during the last quarter. GSA Capital Partners LLP lifted its stake in AerSale by 47.8% in the 3rd quarter. GSA Capital Partners LLP now owns 219,082 shares of the company’s stock valued at $1,106,000 after purchasing an additional 70,887 shares during the last quarter. Finally, Raffles Associates LP lifted its stake in AerSale by 15.0% in the 3rd quarter. Raffles Associates LP now owns 115,000 shares of the company’s stock valued at $581,000 after purchasing an additional 15,000 shares during the last quarter. Institutional investors and hedge funds own 69.48% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ASLE shares. TD Cowen raised shares of AerSale to a “hold” rating in a research note on Thursday, December 19th. Truist Financial lowered their target price on shares of AerSale from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, October 18th.

AerSale Price Performance

Shares of NASDAQ ASLE opened at $7.11 on Thursday. The stock has a market capitalization of $378.33 million, a P/E ratio of 711.71 and a beta of 0.28. The company has a 50-day moving average price of $6.45 and a 200-day moving average price of $5.79. AerSale Co. has a 1 year low of $4.53 and a 1 year high of $9.79.

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).