|Bid||0.00 x 800|
|Ask||0.00 x 2900|
|Day's Range||19.36 - 20.30|
|52 Week Range||12.51 - 24.50|
|Beta (5Y Monthly)||1.27|
|PE Ratio (TTM)||5.68|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jun 04, 2013|
|1y Target Est||N/A|
DENVER, NC / ACCESSWIRE / February 14, 2020 / Air T, Inc. (AIRT) is organized as a portfolio of powerful businesses, each of which is independent yet interrelated. Today the Company announced results for its fiscal quarter ended December 31, 2019. Revenues totaled $73.3 million for the fiscal quarter ended December 31, 2019, a 32% increase from the prior year comparable quarter.
The distribution will be paid on Monday, February 17, 2020, to holders as of the Record Date of February 14, 2020. Future distributions will be paid on the 15th day of every February, May, August and November or the next business day if the due date is not on a business day (subject to possible deferral as set forth in the Amended and Restated Trust Agreement dated June 10, 2019). The record date for each distribution will be one business day prior to the distribution date.
The record date for the reverse split will be January 14, 2020, and as of that date, the CUSIP number for the AIP will be 00919P 302. As a result of the reverse split, effective January 14, 2020, the stated value of the AIP will be $25.00 per share. Warrants to purchase AIP ("Warrants") (NASDAQ:AIRTW) will remain outstanding, with the number of shares of AIP that can be purchased and the exercise price per share to be adjusted for the reverse split.
MINNEAPOLIS, MN / ACCESSWIRE / November 26, 2019 / AIR T, INC. (AIRT), a company organized as a portfolio of powerful businesses that operate independently yet interrelatedly, today announced the resignation of Andrew Stumpf, a member of its Board of Directors. On November 23, 2019, Andrew Stumpf, Air T Board Member, informed the Company that he is resigning effective immediately for personal reasons.
DENVER, NC / ACCESSWIRE / November 12, 2019 / Air T, Inc. (AIRT) is organized as a portfolio of powerful businesses, each of which is independent yet interrelated. Today the Company announced results for its fiscal quarter ended September 30, 2019. On September 30, the Company completed the sale of its wholly-owned subsidiary, Global Aviation Services, LLC ("GAS") to PrimeFlight Aviation Services, Inc. The Company received approximately $20.5 million of total proceeds and can earn an addition $4.0 million in additional consideration if certain performance metrics are achieved by GAS by March 31, 2020.
DENVER, NC / ACCESSWIRE / August 16, 2019 / Air T, Inc. (AIRT) ("Air T") announced today the record date, payment date and payment rate for the initial quarterly cash on its Alpha Income Preferred (AIP) securities (NASDAQ:AIRTP), which provide for distributions at the rate of 8.0% per annum on the stated value of $2.50 per share of AIP. The distribution payment date will be Tuesday, August 27, 2019, to holders as of the Record Date of August 26, 2019. This initial distribution will cover the period from June 10, 2019, the date of initial issuance, to the payment date of August 27, 2019, and the distribution will be in the amount of $0.0433 per share of AIP.
DENVER, NC, / ACCESSWIRE / August 14, 2019 / Air T, Inc. (NASDAQ:AIRT) is organized as a portfolio of powerful businesses, each of which is independent yet interrelated. These include overnight air cargo ...
MINNEAPOLIS, MN and DENVER, NC / ACCESSWIRE / July 9, 2019 / Air T, Inc., (NASDAQ: AIRT), an allocator that owns a portfolio of operating businesses and financial assets, today announced that it has released ...
DENVER, NC / ACCESSWIRE / June 28, 2019 / Air T, Inc. (NASDAQ: AIRT) is a holding company with a portfolio of operating businesses and financial assets. These operating businesses include overnight air ...
Air T Chairman and CEO, Nick Swenson, commented, "We are excited to welcome Brian Ochocki to Air T. He will expand the capabilities of our senior leadership team while helping us pursue continuous improvement and growth. Brian is a seasoned executive with an impressive background, including broad finance and operations experience across multiple industries. Brian Ochocki commented: "I am looking forward to joining the Air T organization to contribute to its mission of creating long-term shareholder value.
DENVER, N.C., June 10, 2019 /PRNewswire/ -- Air T, Inc. (NASDAQ: AIRT) ("Air T") announced today the final distribution date and distribution ratios for its previously announced issuance and distribution of (1) $4 million in face value of Alpha Income Preferred (AIP), a new 8% fixed income trust preferred security, and (2) warrants to purchase up to an additional $21 million in face value of AIP at an exercise price equal to 96% of face value. The distribution date will be Monday, June 10, 2019, and the AIP and warrants will be distributed pro rata to existing holders of Air T common stock as of the Record Date of June 4, 2019. For each share of Air T common stock held on the Record Date, Air T will distribute 0.792161 shares of AIP and 4.158844 warrants.
Air T, Inc. (NASDAQ: AIRT) ("Air T") announced today the record date and proposed distribution date for its issuance and distribution of $4 million in face value of a new 8% fixed income security, Alpha Income Preferred (AIP), pro rata to existing holders of Air T common stock. The record date for the distribution (the “Record Date”) will be Tuesday, June 4, 2019, and the proposed distribution date will be Friday, June 7, 2019 at 5:00 p.m. Eastern time. The 8% AIP will be preferred securities of Air T Funding, a subsidiary trust formed by Air T. Concurrently, Air T stockholders as of the Record Date will also receive warrants (the “Warrants”) to purchase up to an additional $21 million in face value of 8% AIP at an exercise price equal to 96% of face value, exercisable for up to one year.
DENVER, N.C., March 28, 2019 /PRNewswire/ -- AIR T, INC. (AIRT), a diversified holding company organized as a portfolio of powerful businesses and financial assets that operate independently yet interrelatedly, today announced the resignation of Brett Reynolds, its Chief Financial Officer. On March 25, 2019, Brett Reynolds, Air T Senior Vice President and Chief Financial Officer, informed the Company that he expects to resign his employment with the Company on or about April 12, 2019 to accept a position at another company. Said Mr. Reynolds, "As a long-time medical device industry veteran, I have an opportunity to return to the medical device industry as the CFO of a US-based company that is a leader in laser micro manufacturing for the life sciences, and which was recently acquired by a private equity firm as a platform for an acquisition-driven strategy. As I was intending to remain with Air T for the long term, it is with mixed feelings that I make this decision.