Castor Maritime Inc. (NASDAQ: CTRM) saw a huge decline in other words interest in December. As of December 31st, there was short interest amounting to 2,110,000 shares, a decline of 29.2% from the December 15th total amount of 2,980,000 shares. Based upon a typical trading volume of 2,170,000 shares, the days-to-cover ratio is presently 1.0 days.
Castor Maritime Stock May Be Nearing a Bottom Here.
Hedge funds and various other institutional investors have lately customized their holdings of the business. Expert Team Holdings Inc. expanded its position in Castor Maritime by 66.1% during the second quarter. Expert Team Holdings Inc. now owns 16,050 shares of the business’s stock valued at $42,000 after acquiring an extra 6,386 shares throughout the last quarter. LPL Financial LLC acquired a new position in Castor Maritime throughout the second quarter valued at $49,000. Squarepoint Ops LLC bought a new position in Castor Maritime throughout the third quarter valued at $54,000. Millennium Administration LLC got a new position in shares of Castor Maritime during the 2nd quarter valued at $66,000. Lastly, Toroso Investments LLC bought a new placement in shares of Castor Maritime throughout the 3rd quarter valued at $81,000. Institutional financiers as well as hedge funds own 3.04% of the company’s stock.
Shares of Castor Maritime Inc. (NASDAQ: CTRM) traded down $0.07 during trading on Tuesday, hitting $1.28. The stock had a trading quantity of 54,032 shares, compared to its ordinary volume of 1,184,940. Castor Maritime has a twelve month low of $1.32 as well as a 12 month high of $19.50. The company has a debt-to-equity ratio of 0.22, an existing ratio of 1.85 as well as a fast proportion of 1.70. The company has a market capitalization of $115.14 million, a PE proportion of 9.00 and also a beta of 0.40. The company has a fifty day relocating average of $1.72 and also a two-hundred day moving average of $2.09.
Castor Maritime (NASDAQ: CTRM) last launched its quarterly earnings information on Monday, November 8th. The company reported $0.16 EPS for the quarter. Castor Maritime had an internet margin of 29.17% and a return on equity of 9.68%. Business had earnings of $43.28 million for the quarter.
Castor Maritime Company Profile.
Castor Maritime Inc, via its subsidiaries, takes part in ocean transportation of dry bulk freights worldwide. It supplies seaborne transportation services for dry bulk cargo, consisting of iron ore, coal, grains, steel products, fertilizers, concrete, bauxite, sugar, and also scrap steels. The business operates three Panamax vessels with a carrying ability of approximately 76,122 deadweight load.
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Castor Maritime Inc. Introduces$ 55.0 Million Financial Debt Funding and also New Charter Arrangement.
astor Maritime Inc. (NASDAQ: CTRM), (” Castor”, or the “Business”), a diversified worldwide delivery company, introduces the closing and drawdown of a $55.0 million elderly term car loan facility with a European bank (the “$ 55.0 Million Financing”), through, and safeguarded by, 5 of its dry bulk vessel ship-owning subsidiaries and also ensured by the Business. The Business plans to make use of the internet proceeds from the $55.0 Million Funding for general company purposes, including supporting the Business’s growth plans.
The $55.0 Million Funding has a tenor of five years and also births rate of interest at adj. SOFR plus 3.15% per annum.
Mr. Petros Panagiotidis, President of Castor, commented:.
” We are happy to announce the closing of this new financial debt financing, our biggest to date, and also the beginning of a new connection with a top European financial institution.
Our team believe that this new financial obligation financing improves our funding framework and also improves our capability to pursue our tactical objectives and growth purposes.”.
New Charter Agreement.
The M/V Magic Callisto, a 2012 constructed Panamax completely dry mass service provider, has been fixed on a time charter agreement at a gross daily charter rate equal to 101% of the standard of the Baltic Panamax Index 4TC routes1. The charter commenced on January 12, 2022, as well as has a minimal duration of 9 months as well as an optimum period of about twelve months (+/- 15 days) at the charterer’s alternative.
The benchmark vessel utilized in the computation of the standard of the Baltic Panamax Index 4TC paths is a non-scrubber equipped 74,000 mt dwt vessel (Panamax) with particular age, speed – usage, and also layout characteristics.
Concerning Castor Maritime Inc
. Castor Maritime Inc. is a global service provider of delivery transportation services with its ownership of oceangoing cargo vessels.