Castor Maritime Inc. (NASDAQ: CTRM) saw a huge decrease in short passion in December. As of December 31st, there was short passion totalling 2,110,000 shares, a decline of 29.2% from the December 15th total of 2,980,000 shares. Based on an average trading quantity of 2,170,000 shares, the days-to-cover ratio is currently 1.0 days.
Castor Maritime Stock May Be Nearing a Bottom Right Here.
Hedge funds and other institutional financiers have actually recently customized their holdings of business. Expert Group Holdings Inc. grew its position in Castor Maritime by 66.1% throughout the second quarter. Consultant Team Holdings Inc. now owns 16,050 shares of the firm’s stock valued at $42,000 after obtaining an added 6,386 shares throughout the last quarter. LPL Financial LLC acquired a brand-new placement in Castor Maritime throughout the second quarter valued at $49,000. Squarepoint Ops LLC bought a brand-new setting in Castor Maritime throughout the third quarter valued at $54,000. Centuries Administration LLC purchased a brand-new setting in shares of Castor Maritime during the 2nd quarter valued at $66,000. Lastly, Toroso Investments LLC bought a brand-new position in shares of Castor Maritime throughout the 3rd quarter valued at $81,000. Institutional capitalists and also 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 typical quantity of 1,184,940. Castor Maritime has a 12 month low of $1.32 and also a twelve month high of $19.50. The company has a debt-to-equity proportion of 0.22, a current ratio of 1.85 and also a fast proportion of 1.70. The business has a market capitalization of $115.14 million, a PE proportion of 9.00 and also a beta of 0.40. The firm has a fifty day moving average of $1.72 and also a two-hundred day relocating standard of $2.09.
Castor Maritime (NASDAQ: CTRM) last released its quarterly profits 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%. Business had income of $43.28 million for the quarter.
Castor Maritime Company Profile.
Castor Maritime Inc, with its subsidiaries, engages in ocean transportation of dry mass cargoes worldwide. It offers seaborne transportation solutions for completely dry mass cargo, consisting of iron ore, coal, grains, steel products, plant foods, concrete, bauxite, sugar, and also scrap metals. The business runs 3 Panamax vessels with a bring ability of approximately 76,122 deadweight load.
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Castor Maritime Inc. Introduces$ 55.0 Million Financial Debt Funding and New Charter Agreement.
astor Maritime Inc. (NASDAQ: CTRM), (” Castor”, or the “Business”), a varied worldwide delivery firm, introduces the closing and drawdown of a $55.0 million elderly term loan center with a European bank (the “$ 55.0 Million Funding”), through, and also secured by, 5 of its completely dry bulk vessel ship-owning subsidiaries and also guaranteed by the Company. The Firm means to use the net proceeds from the $55.0 Million Financing for general corporate objectives, consisting of sustaining the Firm’s growth strategies.
The $55.0 Million Funding has a tenor of five years and bears interest at adj. SOFR plus 3.15% per annum.
Mr. Petros Panagiotidis, Chief Executive Officer of Castor, commented:.
” We enjoy to reveal the closing of this brand-new debt funding, our biggest to day, and also the beginning of a brand-new connection with a top European financial institution.
We believe that this brand-new financial obligation funding improves our capital framework as well as enhances our capability to pursue our calculated goals and development goals.”.
New Charter Arrangement.
The M/V Magic Callisto, a 2012 constructed Panamax completely dry mass carrier, has been fixed on a time charter contract at a gross daily charter price equal to 101% of the average of the Baltic Panamax Index 4TC routes1. The charter commenced on January 12, 2022, and has a minimum period of nine months as well as a maximum duration of concerning twelve months (+/- 15 days) at the charterer’s option.
The benchmark vessel used in the estimation of the average of the Baltic Panamax Index 4TC routes is a non-scrubber equipped 74,000 mt dwt vessel (Panamax) with specific age, speed – consumption, and also design features.
About Castor Maritime Inc
. Castor Maritime Inc. is an international service provider of delivery transportation solutions with its ownership of oceangoing cargo vessels.