EVP Kishore Korde Sells 16,593 Shares of Air Lease Corp (AL)
Kishore Korde, Executive Vice President of Air Lease Corp (NYSE:AL), executed a sale of 16,593 shares in the company on February 26, 2024, according to a recent SEC Filing. Air Lease Corp is an aircraft leasing company engaged in purchasing commercial aircraft and leasing them to its valued airline customers worldwide.
Over the past year, the insider has sold a total of 16,593 shares and has not made any purchases of the company's stock.
The insider transaction history at Air Lease Corp indicates a pattern of 1 insider buy and 4 insider sells over the past year.
On the date of the insider's recent transaction, shares of Air Lease Corp were trading at $39.7, resulting in a market capitalization of $4.42 billion.
The company's price-earnings ratio stands at 7.73, which is below both the industry median of 17.91 and the historical median price-earnings ratio for Air Lease Corp.
With the current share price of $39.7 and a GuruFocus Value of $48.87, the price-to-GF-Value ratio is 0.81, suggesting that Air Lease Corp is Modestly Undervalued according to the GF Value metric.
The GF Value is calculated considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
