In August 1988, the Company acquired Carteret Bancorp Inc., which through its principal wholly owned subsidiary Carteret Savings Bank, FA, was principally engaged in retail and consumer banking, and mortgage banking including mortgage servicing. On December 4, 1992, the Office of Thrift Supervision ("OTS") placed Carteret Savings Bank, FA in receivership under the management of the Resolution Trust Corporation ("RTC") and a new institution, Carteret Federal Savings Bank, was established to assume the assets and certain liabilities of Carteret Savings Bank, FA.
Company profile
Ticker
ABCP
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
111 West 57th Investment LLC ...
IRS number
952962743
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
9 Feb 23
8-K
Entry into a Material Definitive Agreement
20 Jan 23
10-Q
2022 Q3
Quarterly report
3 Nov 22
10-Q
2022 Q2
Quarterly report
5 Aug 22
8-K
Submission of Matters to a Vote of Security Holders
3 Jun 22
10-Q
2022 Q1
Quarterly report
5 May 22
DEF 14A
Definitive proxy
29 Mar 22
10-K
2021 FY
Annual report
25 Mar 22
10-Q
2021 Q3
Quarterly report
9 Nov 21
10-Q
2021 Q2
Quarterly report
10 Aug 21
Latest ownership filings
4
Change in insider ownership
30 Jan 23
3
Scott Michael Salant
20 Jan 23
4
Change in insider ownership
29 Dec 22
4
Change in insider ownership
27 Dec 22
4
Change in insider ownership
12 Apr 22
5
RICHARD A BIANCO
9 Feb 22
SC 13D/A
Camac Fund, LP
5 Feb 21
4
Change in insider ownership
5 Jan 21
4
RICHARD A BIANCO
22 May 20
4
Jerry Y Carnegie
22 May 20
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 938.00 k | 938.00 k | 938.00 k | 938.00 k | 938.00 k | 938.00 k |
| Cash burn (monthly) | 194.00 k | 258.75 k | 240.33 k | 319.67 k | 194.00 k | 258.75 k |
| Cash used (since last report) | 1.16 mm | 1.54 mm | 1.43 mm | 1.90 mm | 1.16 mm | 1.54 mm |
| Cash remaining | -218.02 k | -603.86 k | -494.11 k | -966.85 k | -218.02 k | -603.86 k |
| Runway (months of cash) | -1.1 | -2.3 | -2.1 | -3.0 | -1.1 | -2.3 |
Institutional ownership, Q4 2021
0.0% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 1 |
| Opened positions | 1 |
| Closed positions | 0 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 0.00 |
| Total shares | 20.00 |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Huntington National Bank | 20.00 | $0.00 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 27 Jan 23 | Camac Fund | Common Stock | Sell | Dispose S | No | No | 0.1 | 50,000 | 5.00 k | 9,055,909 |
| 27 Dec 22 | Camac Fund | Common Stock | Sell | Dispose S | No | No | 0.1 | 5,000 | 500.00 | 9,105,909 |
| 23 Dec 22 | Camac Fund | Common Stock | Sell | Dispose S | No | No | 0.11 | 80,000 | 8.80 k | 9,110,909 |
| 11 Apr 22 | Camac Fund | Common Stock | Sell | Dispose S | No | No | 0.36 | 100,000 | 36.00 k | 9,190,909 |