Castor Maritime Inc. (NASDAQ: CTRM) saw a huge decrease in short interest in December. Since December 31st, there was short interest amounting to 2,110,000 shares, a decline of 29.2% from the December 15th total of 2,980,000 shares. Based on an ordinary trading quantity of 2,170,000 shares, the days-to-cover proportion is currently 1.0 days.
Castor Maritime Stock May Be Nearing a Base Right Here.
Hedge funds as well as various other institutional investors have recently customized their holdings of business. Consultant Team Holdings Inc. grew its placement in Castor Maritime by 66.1% during the 2nd quarter. Consultant Team Holdings Inc. currently owns 16,050 shares of the company’s stock valued at $42,000 after getting an additional 6,386 shares throughout the last quarter. LPL Financial LLC bought a new position in Castor Maritime throughout the second quarter valued at $49,000. Squarepoint Ops LLC acquired a brand-new placement in Castor Maritime during the 3rd quarter valued at $54,000. Centuries Management LLC bought a new setting in shares of Castor Maritime during the 2nd quarter valued at $66,000. Lastly, Toroso Investments LLC got a new placement in shares of Castor Maritime throughout the third quarter valued at $81,000. Institutional investors as well as hedge funds own 3.04% of the firm’s stock.
Shares of Castor Maritime CTRM traded down $0.07 during trading on Tuesday, striking $1.28. The stock had a trading quantity of 54,032 shares, compared to its ordinary volume of 1,184,940. Castor Maritime has an one year low of $1.32 as well as a year high of $19.50. The company has a debt-to-equity ratio of 0.22, a present ratio of 1.85 and a quick ratio of 1.70. The firm has a market capitalization of $115.14 million, a PE ratio of 9.00 as well as a beta of 0.40. The company has a fifty day moving standard of $1.72 and a two-hundred day relocating average of $2.09.
Castor Maritime (NASDAQ: CTRM) last released its quarterly earnings data on Monday, November 8th. The business reported $0.16 EPS for the quarter. Castor Maritime had a net margin of 29.17% and also a return on equity of 9.68%. The business had income of $43.28 million for the quarter.
Castor Maritime Firm Profile.
Castor Maritime Inc, via its subsidiaries, engages in sea transportation of completely dry bulk freights worldwide. It supplies seaborne transport solutions for dry bulk freight, including iron ore, coal, grains, steel items, plant foods, concrete, bauxite, sugar, and scrap steels. The company operates three Panamax vessels with a lugging capability of approximately 76,122 deadweight ton.
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Castor Maritime Inc. Introduces$ 55.0 Million Financial Debt Financing and also New Charter Contract.
astor Maritime Inc. (NASDAQ: CTRM), (” Castor”, or the “Firm”), a varied international shipping company, reveals the closing and drawdown of a $55.0 million elderly term finance facility with a European bank (the “$ 55.0 Million Financing”), through, and also protected by, five of its completely dry mass vessel ship-owning subsidiaries and also guaranteed by the Company. The Firm intends to utilize the net profits from the $55.0 Million Financing for basic company purposes, including supporting the Firm’s development strategies.
The $55.0 Million Funding has a tenor of 5 years and also births passion at adj. SOFR plus 3.15% per annum.
Mr. Petros Panagiotidis, Chief Executive Officer of Castor, commented:.
” We more than happy to introduce the closing of this new debt funding, our biggest to date, and the start of a brand-new relationship with a leading European financial institution.
We believe that this brand-new financial debt funding improves our resources structure and also boosts our capacity to pursue our strategic goals as well as growth purposes.”.
New Charter Agreement.
The M/V Magic Callisto, a 2012 developed Panamax completely dry bulk carrier, has actually been chosen a time charter agreement at a gross day-to-day charter price equal to 101% of the average of the Baltic Panamax Index 4TC routes1. The charter began on January 12, 2022, and also has a minimum period of nine months and also a maximum period of regarding twelve months (+/- 15 days) at the charterer’s option.
The benchmark vessel made use of in the calculation of the average of the Baltic Panamax Index 4TC paths is a non-scrubber equipped 74,000 mt dwt vessel (Panamax) with certain age, speed – intake, as well as style features.
About Castor Maritime Inc
. Castor Maritime Inc. is a global supplier of delivery transport services via its ownership of oceangoing cargo vessels.