Established in 1980, Air T, Inc. is an industrious American company with a portfolio of businesses, each of which is independent yet interrelated. It seeks dynamic individuals and teams to operate companies using processes that increase value over time. It believes it can apply corporate resources to help activate growth and overcome challenges. Its core segments are overnight air cargo; aviation ground support equipment manufacturing; and commercial aircraft asset management.
Company profile
Ticker
AIRT, AIRTP
Exchange
Website
CEO
Nicholas Swenson
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
AIR TRANSPORTATION HOLDING CO INC
SEC CIK
Corporate docs
Subsidiaries
Air T Global Leasing, LLC • CSA Air, Inc. • Global Ground Support, LLC • Mountain Air Cargo, Inc. • Space Age Insurance Company • Stratus Aero Partners LLC • Jet Yard, LLC • Jet Yard Solutions, LLC • AirCo, LLC • AirCo 1, LLC ...
IRS number
521206400
AIRT stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
2 Jun 23
SD
Conflict minerals disclosure
31 May 23
SC TO-I
Issuer tender offer statement
18 May 23
8-K
Air T, Inc. Announces Commencement of Exchange Offer
18 May 23
UPLOAD
Letter from SEC
20 Apr 23
CORRESP
Correspondence with SEC
14 Apr 23
UPLOAD
Letter from SEC
3 Apr 23
8-K
Entry into a Material Definitive Agreement
28 Mar 23
8-K
Entry into a Material Definitive Agreement
27 Mar 23
CORRESP
Correspondence with SEC
13 Mar 23
Latest ownership filings
4/A
Nicholas John Swenson
26 Apr 23
SC 13G/A
RENAISSANCE TECHNOLOGIES LLC
13 Feb 23
SC 13D/A
FARNAM STREET PARTNERS LP /MN
27 Sep 22
4
Peter B. McClung
20 Sep 22
4
RAYMOND E CABILLOT
16 Sep 22
4
RAYMOND E CABILLOT
13 Sep 22
4
Nicholas John Swenson
30 Aug 22
4
RAYMOND E CABILLOT
18 Aug 22
4
Nicholas John Swenson
16 Feb 22
4
Nicholas John Swenson
11 Feb 22
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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| Diluted EPS |
| Annual (USD) | Mar 22 | Mar 21 | Mar 20 | Mar 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
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| 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) | 6.51 mm | 6.51 mm | 6.51 mm | 6.51 mm | 6.51 mm | 6.51 mm |
| Cash burn (monthly) | 985.00 k | (no burn) | (no burn) | (no burn) | (no burn) | 1.43 mm |
| Cash used (since last report) | 5.14 mm | n/a | n/a | n/a | n/a | 7.49 mm |
| Cash remaining | 1.37 mm | n/a | n/a | n/a | n/a | -978.70 k |
| Runway (months of cash) | 1.4 | n/a | n/a | n/a | n/a | -0.7 |
Institutional ownership, Q4 2022
59.0% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 15 |
| Opened positions | 1 |
| Closed positions | 2 |
| Increased positions | 6 |
| Reduced positions | 3 |
| 13F shares | Current |
|---|---|
| Total value | 2.88 bn |
| Total shares | 1.66 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| AO Partners I | 940.75 k | $21.26 mm |
| Farnam Street Partners | 449.88 k | $7.74 mm |
| Renaissance Technologies | 124.01 k | $3.07 mm |
| Vanguard | 53.38 k | $1.32 bn |
| MS Morgan Stanley | 22.75 k | $562.38 mm |
| Dimensional Fund Advisors | 17.57 k | $441.00 k |
| Bridgeway Capital Management | 17.25 k | $432.80 mm |
| Geode Capital Management | 15.22 k | $381.00 k |
| DCF Advisers | 10.80 k | $266.93 mm |
| BLK Blackrock | 9.26 k | $228.78 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 16 Sep 22 | Cabillot Raymond E | Common Stock | Buy | Acquire P | Yes | No | 15.5 | 1,991 | 30.86 k | 13,146 |
| 16 Sep 22 | Peter B. McClung | Common Stock | Buy | Acquire P | No | No | 14.75 | 2,500 | 36.88 k | 7,500 |
| 15 Sep 22 | Cabillot Raymond E | Common Stock | Buy | Acquire P | Yes | No | 15.4118 | 2,707 | 41.72 k | 11,155 |
| 14 Sep 22 | Cabillot Raymond E | Common Stock | Buy | Acquire P | Yes | No | 15.3013 | 302 | 4.62 k | 8,448 |
| 13 Sep 22 | Peter B. McClung | Common Stock | Buy | Acquire P | No | No | 16.75 | 2,400 | 40.20 k | 5,000 |
| 12 Sep 22 | Cabillot Raymond E | Common Stock | Buy | Acquire P | Yes | No | 17.5362 | 5,000 | 87.68 k | 8,146 |
| 12 Sep 22 | Peter B. McClung | Common Stock | Buy | Acquire P | No | No | 17.5984 | 2,500 | 44.00 k | 2,600 |
| 26 Aug 22 | Swenson Nicholas John | Common Stock | Option exercise | Acquire M | No | No | 5.75 | 3,750 | 21.56 k | 62,920 |
| 26 Aug 22 | Swenson Nicholas John | Common Stock Common Stock | Option exercise | Dispose M | No | No | 5.75 | 3,750 | 21.56 k | 0 |
| 18 Aug 22 | Peter B. McClung | Common Stock | Buy | Acquire P | No | No | 17 | 100 | 1.70 k | 100 |