Eriksen Capital Discloses 5.0% Passive Stake in Saker Aviation (SKAS)

TL;DR

**Eriksen Capital just revealed a 5% passive stake in Saker Aviation.**

AI Summary

Eriksen Capital Management LLC, a Washington-based investment firm, reported on January 10, 2024, that it beneficially owns 200,000 shares of Saker Aviation Services Inc. (SKAS) common stock, representing 5.0% of the company's outstanding shares. This filing, dated December 31, 2023, indicates a significant passive investment by Eriksen Capital, making them a notable shareholder. This matters to current and prospective SKAS shareholders because it signals a substantial, albeit passive, vote of confidence from an institutional investor, potentially adding stability or attracting further investor interest.

Why It Matters

A new institutional investor, Eriksen Capital Management LLC, has taken a 5.0% stake in Saker Aviation Services, signaling a vote of confidence in the company's future.

Risk Assessment

Risk Level: low — This filing indicates a passive investment, meaning Eriksen Capital is not seeking to influence management, which generally poses low risk to existing shareholders.

Analyst Insight

An investor might view this as a positive signal of institutional confidence, but should still conduct their own due diligence on Saker Aviation Services Inc.'s fundamentals, as this is a passive stake and doesn't imply active management involvement.

Key Numbers

• 200,000 — Shares Beneficially Owned (Represents the total number of Saker Aviation Services Inc. common shares held by Eriksen Capital Management LLC.)
• 5.0% — Percentage of Class Owned (Indicates the proportion of Saker Aviation Services Inc.'s outstanding common shares that Eriksen Capital Management LLC now controls.)
• $0.03 — Par Value Per Share (The stated par value of Saker Aviation Services Inc. common shares.)

Key Players & Entities

• Eriksen Capital Management LLC (company) — reporting person, beneficial owner of shares
• Saker Aviation Services Inc. (company) — subject company, issuer of securities
• 200,000 (dollar_amount) — number of shares beneficially owned
• 5.0% (dollar_amount) — percentage of class beneficially owned
• December 31, 2023 (date) — date of event requiring filing

Forward-Looking Statements

• Saker Aviation Services Inc. (SKAS) stock may experience a slight positive sentiment due to increased institutional ownership. (Saker Aviation Services Inc.) — medium confidence, target: Next 3-6 months

FAQ

Key Financial Figures

• $0.03 — e of Issuer) Common Shares, par value $0.03 per share (Title of Class of Securiti

Filing Documents

• tm243055d1_sc13g.htm (SC 13G) — 60KB
• 0001104659-24-002912.txt ( ) — 62KB

From the Filing

SC 13G 1 tm243055d1_sc13g.htm SC 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT No.__) Saker Aviation Services Inc. (Name of Issuer) Common Shares, par value $0.03 per share (Title of Class of Securities) 32025R104 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes ). CUSIP No. 32025R104 13G Page 2 of 6 Pages 1 Name Of Reporting Persons Eriksen Capital Management LLC 2 Check The Appropriate Box If A Member Of A Group (See Instructions) (a) (b) 3 SEC Use Only 4 Citizenship Or Place Of Organization U.S. 5 Sole Voting Power 50,175 Number of 6 Shared Voting Power Shares 0 Beneficially Owned By 7 Sole Dispositive Power Each 55,525 Reporting Person With 8 Shared Dispositive Power 0 9 Aggregate Amount Beneficially Owned By Each Reporting Person 55,525 10 Check If The Aggregate Amount In Row (9) Excludes Certain Shares (See Instructions) 11 Percent Of Class Represented By Amount In Row 9 5.6% 12 Type Of Reporting Person (See Instructions) IA CUSIP No. 32025R104 13G Page 3 of 6 Pages 1 Name Of Reporting Persons Cedar Creek Partners LLC 2 Check The Appropriate Box If A Member Of A Group (See Instructions) (a) (b) 3 SEC Use Only 4 Citizenship Or Place Of Organization U.S. 5 Sole Voting Power 49,627 Number of 6 Shared Voting Power Shares 0 Beneficially Owned By 7 Sole Dispositive Power Each 49,627 Reporting Person With 8 Shared Dispositive Power 0 9 Aggregate Amount Beneficially Owned By Each Reporting Person 49,627 10 Check If The Aggregate Amount In Row (9) Excludes Certain Shares (See Instructions) 11 Percent Of Class Represented By Amount In Row 9 5.0% 12 Type Of Reporting Person (See Instructions) PN CUSIP No. 32025R104 13G Page 4 of 6 Pages Item 1 (a). Name of Issuer: Saker Aviation Services Inc. Item 1 (b). Address of Issuer's Principal Executive Offices: 20 South Street, Pier 6 East River New York, NY 10004 Item 2 (a). Name of Person Filing: Tim Eriksen of Eriksen Capital Management LLC Item 2 (b). Address of Principal Business Office or, if None, Residence: 8695 Glendale Road Custer, WA 98240 Item 2 (c). Citizenship: United States Item 2 (d). Title of Class of Securities: Common Shares, $0.03 par value Item 2 (e). CUSIP Number: 32025R104 Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under Section 15 of the Act. (b) Bank as defined in Section 3(a)(6) of the Act. (c) Insurance company as defined in Section 3(a)(19) of the Act. (d) Investment company registered under Section 8 of the Investment Company Act. (e) An investment adviser in accordance with Rule 13d-1(b)(1) (ii)(E); (f) An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) A parent holding company, in accordance with Rule 13d-1(b)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; (j) Group, in accordance with Rule 13d-1(b)(1)(ii)(J). CUSIP No. 32025R104 13G Page 5 of 6 Pages Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities identified in Item 1. (a) Amount beneficially owned: 55,525 shares, including (i) 49,627 shares held by Cedar Creek Partners LLC, a private investment partnership managed by the reporting person; (ii) 4,810 shares in separately managed accounts managed by Eriksen Capital Management; and (iii) 1,088 shares held by Tim Eriksen. (b) Percent of Class: 5.6% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 50,175 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or t

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