ASLE - Michael Kirton Takes Money Off The Table Sells $50.00M In AerSale Stock | Benzinga
It was reported on December 19, that Michael Kirton, Board Member at AerSale (NASDAQ:ASLE) executed a significant insider sell, according to an SEC filing.
What Happened: Kirton's recent Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday unveiled the sale of 4,000,000 shares of AerSale. The total transaction value is $50,000,000.
AerSale shares are trading down 2.22% at $13.01 at the time of this writing on Wednesday morning.
Delving into AerSale's Background
AerSale Corp is an integrated, diversified global leader in aviation aftermarket products and services. It specializes in the sale, lease, and exchange of used aircraft, engines, and components, in addition to providing a broad range of maintenance, repair, and overhaul, and engineering services for commercial aircraft and components. The company operating segment includes Asset Management Solutions and TechOps. It generates maximum revenue from the Asset Management Solutions segment.
AerSale: Delving into Financials
Revenue Growth: AerSale displayed positive results in 3 months. As of 30 September, 2023, the company achieved a solid revenue growth rate of approximately 81.34%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth ...