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AIRT Air T

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
NASDAQ
Website
www.airt.net
CEO
Nicholas Swenson
Employees
Incorporated
Delaware
Location
North Carolina
Fiscal year end
Mar 31
Sector
Transportation and Warehousing > Couriers and Express Delivery Services
Industry (SIC)
Air Courier Services
Fedex • Air Transport Services ...
Former names
AIR TRANSPORTATION HOLDING CO INC
SEC CIK
0000353184
Corporate docs
IRS number
521206400

AIRT stock data

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News

Pro users get this 30m faster
3 Stocks Insiders Are Buying
26 Jul 21
When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
5 Stocks To Watch For June 28, 2021
28 Jun 21
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Press releases

Pro users get this 30m faster
Air T, Inc. Reports Fiscal 2021 Results
25 Jun 21
DENVER, NC / ACCESSWIRE / June 25, 2021 / Air T, Inc. (NASDAQ:AIRT) is an industrious American company with a portfolio of businesses, each of which is independent yet interrelated. We seek dynamic individuals and teams
Air T Announces It Will Not Extend the Warrants (AIRTW) to Purchase Alpha Income Preferred Securities (AIRTP) Beyond August 30, 2021
23 Jun 21
Warrants (AIRTW) to purchase Alpha Income Preferred Securities (AIRTP) will expire August 30, 2021, as previously announcedDENVER, CO / ACCESSWIRE / June 23, 2021 / Air T, Inc. (NASDAQ:AIRT), announced today that the
Air T Launches Aviation Asset Management Vehicle With up to $408m Equity Capital
6 May 21
New Asset Management Business Focused on Acquiring, Trading and Leasing Commercial Jet AircraftDENVER, NC / ACCESSWIRE / May 6, 2021 / Air T, Inc. (NASDAQ:AIRT), an industrious American holding company which operates a

Calendar

25 Jun 21
4 Aug 21
31 Mar 22

Financial summary

Financial statements Chart AIRT financial data
Quarter (USD)
 Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
 Mar 21 Mar 20 Mar 19 Mar 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Air T earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 11M 11M 11M 11M 11M 11M
Cash burn (monthly) 10.79M (positive/no burn) 2.36M 981.75K (positive/no burn) 151.58K
Cash used (since last report) 44.62M n/a 9.74M 4.06M n/a 627.05K
Cash remaining -33.62M n/a 1.25M 6.93M n/a 10.37M
Runway (months of cash) -3.1 n/a 0.5 7.1 n/a 68.4

Beta Read what these cash burn values mean

Recent insider trades

AIRT insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
2 Aug 21 Swenson Nicholas John Common Stock Buy Aquire P Yes Yes 29.7805 100 2.98K 954,119
30 Jul 21 Swenson Nicholas John Common Stock Buy Aquire P Yes Yes 30.3521 208 6.31K 954,019
29 Jul 21 Swenson Nicholas John Common Stock Buy Aquire P Yes Yes 30.2119 210 6.34K 953,811
28 Jul 21 Swenson Nicholas John Common Stock Buy Aquire P Yes Yes 30.075 400 12.03K 953,601
27 Jul 21 Swenson Nicholas John Common Stock Buy Aquire P Yes Yes 29.7067 300 8.91K 953,201
26 Jul 21 Swenson Nicholas John Common Stock Buy Aquire P Yes Yes 29.8023 500 14.9K 952,901
23 Jul 21 Swenson Nicholas John Common Stock Buy Aquire P Yes Yes 28.6463 1,900 54.43K 952,401
22 Jul 21 Swenson Nicholas John Common Stock Buy Aquire P Yes Yes 27.699 206 5.71K 950,501
21 Jul 21 Swenson Nicholas John Common Stock Buy Aquire P Yes Yes 28.28 300 8.48K 950,295
21 Jul 21 Swenson Nicholas John Common Stock Buy Aquire P Yes Yes 27.4572 2,185 59.99K 949,995
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

AIRT institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

59.1% owned by funds/institutions
13F holders
 Current Prev Q Change
Total holders 16 15 +6.7%
Opened positions 1 4 -75.0%
Closed positions 0 0
Increased positions 7 3 +133.3%
Reduced positions 4 5 -20.0%
13F shares
 Current Prev Q Change
Total value 37.38M 35.14M +6.4%
Total shares 1.7M 1.68M +1.2%
Total puts 0 0
Total calls 0 0
Total put/call ratio – – –
Largest owners
 Shares Value Change
AO Partners I 940.75K $21.26M +0.4%
Farnam Street Partners 446.22K $8.62M 0.0%
Renaissance Technologies 177.01K $4.21M -4.4%
Vanguard 51.13K $1.22M +4.5%
Dimensional Fund Advisors 18.43K $438K +31.8%
California Public Employees Retirement System 17.85K $424K -7.7%
Bridgeway Capital Management 17.25K $410K +109.1%
BLK Blackrock 14.59K $346K 0.0%
Geode Capital Management 10.11K $240K NEW
WFC Wells Fargo & Co. 5.36K $127K +255.4%
Largest transactions
 Shares Bought/sold Change
Geode Capital Management 10.11K +10.11K NEW
Bridgeway Capital Management 17.25K +9K +109.1%
Renaissance Technologies 177.01K -8.2K -4.4%
Dimensional Fund Advisors 18.43K +4.44K +31.8%
WFC Wells Fargo & Co. 5.36K +3.85K +255.4%
AO Partners I 940.75K +3.67K +0.4%
MS Morgan Stanley 200 -3.13K -94.0%
Vanguard 51.13K +2.2K +4.5%
California Public Employees Retirement System 17.85K -1.48K -7.7%
Tower Research Capital 2.19K +510 +30.4%
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

?
Management Discussion
  • Item 7.    Management’s Discussion and Analysis of Financial Condition and Results of Operations.
  • Air T, Inc. (the “Company,” “Air T,” “we” or “us” or “our”) is a holding company with a portfolio of operating businesses and financial assets. Our goal is to prudently and strategically diversify Air T’s earnings power and compound the growth in its free cash flow per share over time.
  • •Corporate and other, which acts as the capital allocator and resource for other consolidated businesses. Further, Corporate and other is also comprised of insignificant businesses that do not pertain to other reportable segments.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: admin, aforementioned, alongside, appeal, Ascendiant, ATM, attract, broker, brought, CAM, carryback, challenging, CJVII, Companhia, complement, consumption, coupled, culture, deferral, differential, effort, escalation, eventual, expertise, Fed, foreseen, founder, hardening, hereto, insignificance, insignificant, Joinder, JV, lieu, Macau, Mail, mathematical, Mill, monetize, MRC, NOL, platform, PSB, purport, sample, SARL, SBA, scalable, shelf, side, specialist, spent, subleased, talent, therefrom, thereon, thousand, TNT, TNW, unforgiven, upsize, vaccine, write
Removed: Age, airplane, attributed, authoritative, bargain, BCCM, Churchill, comparative, consumable, declared, demolition, digital, distributing, earnest, execution, exempt, expiration, fatigue, forma, guaranteeing, guarantor, hire, house, informed, manufactured, modify, pad, pledged, policy, prescribed, print, pro, projected, repurchased, retrospective, sequencing, substantive, tested, unnecessary
From filing 10-K 2020 FY

Financial reports

View all
10-K
2020 FY
Annual report
25 Jun 21
10-Q/A
2020 Q3
Quarterly report (amended)
12 Feb 21
10-Q
2021 Q3
Quarterly report
12 Feb 21
10-Q
2020 Q2
Quarterly report
12 Nov 20
10-Q
2020 Q1
Quarterly report
14 Aug 20
10-K
2019 FY
Annual report
26 Jun 20
10-Q
2020 Q3
Quarterly report
13 Feb 20
10-Q
2020 Q2
Quarterly report
12 Nov 19
10-Q
2020 Q1
Quarterly report
13 Aug 19
10-K
2019 FY
Annual report
28 Jun 19

Current reports

View all
8-K/A
Entry into a Material Definitive Agreement
8 Jun 21
8-K
Entry into a Material Definitive Agreement
14 May 21
8-K
Air T Launches Aviation Asset Management Vehicle with Up to $408M Equity Capital
11 May 21
8-K
Other Events
28 Apr 21
8-K
Entry into a Material Definitive Agreement
31 Mar 21
8-K
Entry into a Material Definitive Agreement
5 Mar 21
8-K
Regulation FD Disclosure
11 Jan 21
8-K
Air T, Inc. Announces Intent to Form New Aircraft Equity Vehicle
23 Dec 20
8-K
Entry into a Material Definitive Agreement
11 Dec 20
8-K
Entry into a Material Definitive Agreement
30 Sep 20

Registration and prospectus

View all
424B5
Prospectus supplement for primary offering
14 May 21
424B3
Prospectus supplement
22 Mar 21
S-3
Shelf registration
10 Mar 21
424B3
Prospectus supplement
11 Jan 21
424B3
Prospectus supplement
2 Sep 20
424B3
Prospectus supplement
9 Jun 20
424B1
Prospectus with pricing info
10 Jun 19
S-1/A
IPO registration (amended)
4 Jun 19
8-A12B
Registration of securities on exchange
4 Jun 19
S-1/A
IPO registration (amended)
28 May 19

Proxies

View all
DEF 14A
Definitive proxy
19 Jul 21
PRE 14A
Preliminary proxy
9 Jul 21
DEFA14A
Additional proxy soliciting materials
29 Jul 20
DEF 14A
Definitive proxy
20 Jul 20
DEF 14A
Definitive proxy
19 Jul 19
DEF 14A
Definitive proxy
18 Jul 18
DFAN14A
Additional proxy materials by non-management
4 Jul 18
DFAN14A
Additional proxy materials by non-management
2 Jul 18
DFAN14A
Additional proxy materials by non-management
27 Jun 18
DFAN14A
Additional proxy materials by non-management
5 Jun 18

Other

View all
SD
Conflict minerals disclosure
28 May 21
EFFECT
Notice of effectiveness
22 Mar 21
CORRESP
Correspondence with SEC
16 Mar 21
UPLOAD
Letter from SEC
16 Mar 21
SD
Conflict minerals disclosure
29 May 20
EFFECT
Notice of effectiveness
10 Jun 19
CORRESP
Correspondence with SEC
4 Jun 19
CORRESP
Correspondence with SEC
3 Jun 19
SD
Conflict minerals disclosure
30 May 19
CORRESP
Correspondence with SEC
27 May 19

Ownership

View all
4
AIR T / Nicholas John Swenson ownership change
2 Aug 21
4
AIR T / Nicholas John Swenson ownership change
28 Jul 21
4
AIR T / Nicholas John Swenson ownership change
23 Jul 21
4
AIR T / Nicholas John Swenson ownership change
20 Jul 21
4
AIR T / Nicholas John Swenson ownership change
15 Jul 21
4
AIR T / Nicholas John Swenson ownership change
12 Jul 21
SC 13D/A
INSIGNIA SYSTEMS / AIR T ownership change
3 Jun 21
SC 13D/A
INSIGNIA SYSTEMS / AIR T ownership change
28 May 21
SC 13D/A
AIR T / AO Partners I ownership change
22 Feb 21
SC 13G/A
AIR T / RENAISSANCE TECHNOLOGIES ownership change
10 Feb 21

Reddit threads

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