Posted on February 18, 2022
Brief Passion in Castor Maritime Inc. (NASDAQ: CTRM) Drops By 30%.
Castor Maritime Inc. (NASDAQ: CTRM) saw a large decrease in short passion in December. Since December 31st, there was short passion completing 2,110,000 shares, a decline of 29.2% from the December 15th total amount of 2,980,000 shares. Based on an ordinary trading volume of 2,170,000 shares, the days-to-cover proportion is presently 1.0 days.
Castor Maritime Stock May Be Nearing a Bottom Right Here.
Hedge funds and other institutional financiers have actually recently modified their holdings of business. Advisor Team Holdings Inc. grew its setting in Castor Maritime by 66.1% during the 2nd quarter. Advisor Group Holdings Inc. now owns 16,050 shares of the company’s stock valued at $42,000 after obtaining an added 6,386 shares throughout the last quarter. LPL Financial LLC purchased a brand-new placement in Castor Maritime during the second quarter valued at $49,000. Squarepoint Ops LLC bought a brand-new setting in Castor Maritime during the 3rd quarter valued at $54,000. Centuries Administration LLC got a brand-new placement in shares of Castor Maritime throughout the second quarter valued at $66,000. Finally, Toroso Investments LLC purchased a new placement in shares of Castor Maritime during the third quarter valued at $81,000. Institutional capitalists as well as hedge funds own 3.04% of the company’s stock.
Shares of Castor Maritime CTRM traded down $0.07 throughout trading on Tuesday, striking $1.28. The stock had a trading volume of 54,032 shares, contrasted to its average quantity of 1,184,940. Castor Maritime has a twelve month low of $1.32 and also an one year high of $19.50. The firm has a debt-to-equity ratio of 0.22, a present ratio of 1.85 and also a fast proportion of 1.70. The firm has a market capitalization of $115.14 million, a PE ratio of 9.00 and a beta of 0.40. The company has a fifty day relocating standard of $1.72 and a two-hundred day moving average of $2.09.
Castor Maritime (NASDAQ: CTRM) last released its quarterly incomes data on Monday, November 8th. The company reported $0.16 EPS for the quarter. Castor Maritime had a net margin of 29.17% as well as a return on equity of 9.68%. Business had income of $43.28 million for the quarter.
Castor Maritime Firm Profile.
Castor Maritime Inc, via its subsidiaries, participates in sea transportation of completely dry bulk freights worldwide. It offers seaborne transport solutions for dry bulk cargo, including iron ore, coal, grains, steel products, plant foods, concrete, bauxite, sugar, and also scrap metals. The business runs 3 Panamax vessels with a lugging capacity of about 76,122 deadweight heap.
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Castor Maritime Inc. Introduces$ 55.0 Million Debt Financing and also New Charter Agreement.
astor Maritime Inc. (NASDAQ: CTRM), (” Castor”, or the “Business”), a diversified worldwide delivery company, reveals the closing and drawdown of a $55.0 million senior term car loan facility with a European bank (the “$ 55.0 Million Funding”), via, and also secured by, 5 of its dry mass vessel ship-owning subsidiaries and also assured by the Company. The Business means to utilize the internet earnings from the $55.0 Million Financing for basic company functions, consisting of sustaining the Firm’s growth plans.
The $55.0 Million Funding has a tenor of 5 years and also bears passion at adj. SOFR plus 3.15% per annum.
Mr. Petros Panagiotidis, President of Castor, commented:.
” We enjoy to announce the closing of this new debt financing, our biggest to day, and also the commencement of a brand-new connection with a prominent European banks.
Our company believe that this new financial debt funding enhances our resources framework and also boosts our capability to seek our critical goals and also development goals.”.
New Charter Arrangement.
The M/V Magic Callisto, a 2012 developed Panamax dry mass service provider, has actually been fixed on a time charter contract at a gross daily charter rate equal to 101% of the standard of the Baltic Panamax Index 4TC routes1. The charter started on January 12, 2022, and has a minimum duration of nine months as well as an optimum period of concerning twelve months (+/- 15 days) at the charterer’s option.
The benchmark vessel used in the computation of the standard of the Baltic Panamax Index 4TC routes is a non-scrubber fitted 74,000 mt dwt vessel (Panamax) with details age, speed – consumption, and also design characteristics.
Regarding Castor Maritime Inc
. Castor Maritime Inc. is a global provider of shipping transportation solutions via its ownership of oceangoing cargo vessels.