Insider Buying: Air T, Inc. (AIRT) CEO Acquires 1,600 Shares of Stock

Air T, Inc. (NASDAQ:AIRT) CEO Nicholas John Swenson purchased 1,600 shares of the business’s stock in a transaction that occurred on Monday, May 14th. The stock was bought at an average cost of $29.68 per share, with a total value of $47,488.00. Following the acquisition, the chief executive officer now owns 40,307 shares in the company, valued at approximately $1,196,311.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nicholas John Swenson also recently made the following trade(s):

  • On Friday, May 11th, Nicholas John Swenson bought 1,550 shares of Air T stock. The shares were acquired at an average cost of $29.68 per share, with a total value of $46,004.00.
  • On Friday, April 13th, Nicholas John Swenson bought 20 shares of Air T stock. The shares were acquired at an average cost of $24.90 per share, with a total value of $498.00.
  • On Tuesday, April 17th, Nicholas John Swenson bought 52 shares of Air T stock. The shares were acquired at an average cost of $25.07 per share, with a total value of $1,303.64.
  • On Tuesday, April 10th, Nicholas John Swenson bought 4 shares of Air T stock. The shares were acquired at an average cost of $24.85 per share, with a total value of $99.40.
  • On Wednesday, April 4th, Nicholas John Swenson bought 1 shares of Air T stock. The shares were acquired at an average cost of $24.75 per share, with a total value of $24.75.
  • On Monday, April 2nd, Nicholas John Swenson bought 2 shares of Air T stock. The shares were acquired at an average cost of $24.75 per share, with a total value of $49.50.
  • On Monday, March 26th, Nicholas John Swenson bought 100 shares of Air T stock. The shares were acquired at an average cost of $25.89 per share, with a total value of $2,589.00.
  • On Thursday, March 22nd, Nicholas John Swenson bought 800 shares of Air T stock. The shares were acquired at an average cost of $26.34 per share, with a total value of $21,072.00.
  • On Wednesday, March 14th, Nicholas John Swenson bought 600 shares of Air T stock. The shares were acquired at an average cost of $26.69 per share, with a total value of $16,014.00.
  • On Wednesday, March 7th, Nicholas John Swenson bought 600 shares of Air T stock. The shares were acquired at an average cost of $25.81 per share, with a total value of $15,486.00.

Shares of Air T opened at $32.75 on Wednesday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.52 and a current ratio of 2.49. The stock has a market cap of $66.88 million, a PE ratio of 71.20 and a beta of 1.47. Air T, Inc. has a twelve month low of $14.40 and a twelve month high of $34.83.

Separately, ValuEngine raised shares of Air T from a “hold” rating to a “buy” rating in a report on Monday, April 2nd.

About Air T

Air T, Inc, together with its subsidiaries, provides overnight air cargo, ground equipment sale, and ground support services in the United States and internationally. The company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2017, this segment had 80 aircrafts under the dry-lease agreements with FedEx.

Insider Buying and Selling by Quarter for Air T (NASDAQ:AIRT)

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