Air T Inc (AIRT) Files Form 4 Insider Buying : William R Foudray Buys 2,500 Shares

Air T Inc (AIRT): William R Foudray , director of Air T Inc purchased 2,500 shares on Sep 9, 2016. The Insider buying transaction was reported by the company on Sep 12, 2016 to the Securities and Exchange Commission. The shares were purchased at $20.00 per share for a total value of $50,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 24, 2016, Seth G Barkett (director) purchased 100 shares at $25.36 per share price.On Feb 11, 2016, Gary S Kohler (director) purchased 5,300 shares at $21.86 per share price.

Shares of Air T (AIRT) ended Monday, Sep 12, 2016 session in red amid volatile trading. The shares closed down -0.43 points or -2.21% at $19.05 with 8,624 shares getting traded. Post opening the session at $19.97, the shares hit an intraday low of $19 and an intraday high of $19.97 and the price vacillated in this range throughout the day. The company has a market cap of $39 M and the number of outstanding shares has been calculated to be 2,042,789 shares. The 52-week high of Air T is $26.99 and the 52-week low is $16.49.

Air T Money Flow Index Chart

Air T Inc. operates wholly owned subsidiaries in three industry segments. The overnight air cargo segment consists of its Mountain Air Cargo Inc. (MAC) and CSA Air Inc. (CSA) subsidiaries operates in the air express delivery services industry. The ground equipment sales segment consists of its Global Ground Support LLC (GGS) subsidiary manufactures and provides mobile deicers to passenger and cargo airlines airports the military and industrial customers. The ground support services segment consist of its Global Aviation Services LLC (GAS) subsidiary provides ground support equipment maintenance and facilities services to domestic airlines and aviation service providers. During the fiscal year 2014 the Company’s overnight air cargo segment accounted for 52% the ground equipment sales segment accounted for 31% and the ground support services segment accounted for 17% of consolidated revenues. The Company’s overnight air cargo services are provided to FedEx Corporation.

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