undamentalytics Newsletter

AIR T Inc insider trading

Every open-market purchase and sale by AIR T Inc's officers, directors and largest shareholders since November 4, 2021, and what the share price did next.

No open-market insider trades reported in the last five years.

Does following AIR T Inc’s insiders pay?

From March 26, 2012 to December 5, 2024, 14 insiders reported 153 open-market purchases and 13 sales not made under a pre-set plan in AIR T Inc. Twelve months after each purchase was reported, the shares were +7.7% against the S&P 500 on average (median +3.1%), over 153 purchases with a full year of prices; 52% beat the index. After sales, the shares moved −16.7% against the index over 12 months (a negative figure means selling was the right call). Buying each purchase the day after it was reported, an equal amount each, held 12 months or until that insider reported a sale, would have turned $10,000 on March 27, 2012 into $35,636 by November 2, 2026, +9.1% a year. It held shares 86% of the time; the S&P 500 on those same days, with Treasury bills otherwise, made $47,560 (+11.3% a year), and held throughout $68,843 (+14.2%).

$0$20.0k$40.0k$60.0k 20122014201620182020202220242026 $68.8k$47.6k$35.6k
Copying AIR T Inc's insidersS&P 500, same days investedS&P 500, held throughout $10,000 copying every open-market purchase by AIR T Inc's insiders from March 27, 2012, before costs and taxes, marked weekly. Uninvested money earns the Treasury bill rate; the portfolio held shares 86% of the time.
AIR T Inc: each insider's record
InsiderRolePurchases12 months after their purchasesBeat the S&P 500Sales12 months after their salesLatest report
Swenson Nicholas John CEO 78 +2.3% (78) 53% 0 — February 16, 2022
Ao Partners I, LP CEO 24 +23.4% (24) 58% 0 — October 27, 2014
Ao Partners LLC CEO 23 +35.0% (23) 78% 0 — October 30, 2014
Cabillot Raymond E Director 15 −18.1% (15) 27% 0 — September 16, 2022
Kohler Gary S Director 5 −23.9% (5) 0% 1 +0.9% (1) December 31, 2020
Barkett Seth G Director 1 −37.8% (1) 0% 3 +3.6% (3) March 20, 2020
Biglari, Sardar 10% owner 0 — — 3 −29.4% (3) July 5, 2016
Foudray William R Director 3 −4.5% (3) 33% 0 — December 5, 2024
Lion Fund II, L.P. 10% owner 1 −11.2% (1) 0% 2 −41.0% (2) May 12, 2016
Biglari Capital Corp. 10% owner 0 — — 2 −38.1% (2) June 2, 2016
Reeves John A Director 0 — — 2 +9.0% (2) March 27, 2018
Air T Inc 10% owner 1 +57.9% (1) 100% 0 — June 19, 2017
Mcclung Peter B. Director 1 −15.3% (1) 0% 0 — September 20, 2022
Osborne Andrew L Director 1 +49.7% (1) 100% 0 — February 21, 2014

Moves are the shares’ return including dividends minus the S&P 500’s, from the close on the first trading day after each report; the number of trades with a finished 12-month window is in brackets. Green means the trade went the insider’s way (a purchase ahead of the index, a sale followed by the shares trailing it). A trade reported both by a director or officer and by a fund or company they are linked to counts once here, under the person. Purchases count only where the share price actually traded was at least $5. These figures describe what the shares did, not why anyone traded. Insiders across all companies.

When several insiders traded AIR T Inc

Months when 2 or more insiders became net buyers, or 3 or more net sellers, of AIR T Inc in reports dated in the 91 days before the month end, and how the stock did against the S&P 500 from that month end. After the 11 buying crowds with six months of prices, it averaged +2.3% against the index. After 1 selling crowd, −34.6%. One company's history is too short to judge by; the test across every company is the better guide.

MonthCrowd3 months on, vs S&P 5006 months12 months
September 30, 20222 buying+36.8%+32.9%+11.5%
August 31, 20212 buying−25.1%−26.5%−37.2%
January 29, 20213 buying−2.6%+30.9%−13.7%
March 31, 20202 buying−26.2%−52.6%+33.8%
October 31, 20182 buying−20.9%−36.1%−37.8%
May 31, 20182 buying+0.9%−7.8%−17.6%
June 30, 20172 buying−21.1%+5.0%+38.3%
April 29, 20163 selling−20.4%−34.6%−44.3%
June 30, 20142 buying−1.0%+87.0%+53.9%
September 30, 20133 buying−4.0%−4.7%−3.8%
December 31, 20122 buying+0.9%+8.2%+13.3%
April 30, 20122 buying−6.3%−10.7%−12.7%

Colours show whether the crowd was right: green when buyers were followed by a rise above the index, or sellers by a fall below it. Total returns from the month end; past patterns are not a forecast.

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