Posted on February 12, 2022
Short Interest in Castor Maritime Inc. (NASDAQ: CTRM) Drops By 30%.
Castor Maritime Inc. (NASDAQ: CTRM) saw a big decline simply put interest in December. Since December 31st, there was short rate of interest totalling 2,110,000 shares, a decrease of 29.2% from the December 15th overall of 2,980,000 shares. Based on an ordinary trading quantity 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 also various other institutional financiers have actually just recently modified their holdings of the business. Expert Team Holdings Inc. grew its setting in Castor Maritime by 66.1% throughout the second quarter. Consultant Group Holdings Inc. currently possesses 16,050 shares of the firm’s stock valued at $42,000 after obtaining an extra 6,386 shares during the last quarter. LPL Financial LLC bought a new position in Castor Maritime during the 2nd quarter valued at $49,000. Squarepoint Ops LLC acquired a new setting in Castor Maritime throughout the 3rd quarter valued at $54,000. Centuries Management LLC bought a brand-new placement in shares of Castor Maritime throughout the second quarter valued at $66,000. Lastly, Toroso Investments LLC purchased a brand-new placement in shares of Castor Maritime during the third quarter valued at $81,000. Institutional capitalists and also hedge funds own 3.04% of the business’s stock.
Shares of NASDAQ CTRM traded down $0.07 throughout trading on Tuesday, hitting $1.28. The stock had a trading volume of 54,032 shares, compared to its ordinary quantity of 1,184,940. Castor Maritime has a twelve month low of $1.32 and also a 12 month high of $19.50. The company has a debt-to-equity ratio of 0.22, an existing proportion of 1.85 and also a quick proportion of 1.70. The business 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 average of $1.72 and a two-hundred day moving standard of $2.09.
Castor Maritime (NASDAQ: CTRM) last launched its quarterly earnings information on Monday, November 8th. The firm reported $0.16 EPS for the quarter. Castor Maritime had a net margin of 29.17% and a return on equity of 9.68%. Business had earnings of $43.28 million for the quarter.
Castor Maritime Firm Account.
Castor Maritime Inc, with its subsidiaries, takes part in sea transport of completely dry mass freights worldwide. It supplies seaborne transportation solutions for completely dry bulk cargo, consisting of iron ore, coal, grains, steel items, plant foods, concrete, bauxite, sugar, and scrap steels. The firm runs three Panamax vessels with a carrying capability of about 76,122 deadweight bunch.
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Castor Maritime Inc. Announces$ 55.0 Million Debt Financing and also New Charter Arrangement.
astor Maritime Inc. (NASDAQ: CTRM), (” Castor”, or the “Firm”), a varied worldwide delivery company, announces the closing and also drawdown of a $55.0 million elderly term funding center with a European financial institution (the “$ 55.0 Million Financing”), through, as well as protected by, five of its completely dry bulk vessel ship-owning subsidiaries and also ensured by the Firm. The Business means to make use of the web proceeds from the $55.0 Million Funding for general corporate objectives, consisting of supporting the Business’s growth plans.
The $55.0 Million Funding has a tenor of 5 years and also births rate of interest at adj. SOFR plus 3.15% per year.
Mr. Petros Panagiotidis, Chief Executive Officer of Castor, commented:.
” We enjoy to announce the closing of this new financial obligation funding, our largest to day, as well as the start of a brand-new connection with a top European financial institution.
We believe that this brand-new financial obligation financing boosts our funding framework and also improves our capability to pursue our strategic objectives as well as growth objectives.”.
New Charter Contract.
The M/V Magic Callisto, a 2012 constructed Panamax completely dry mass carrier, has been fixed on a time charter contract at a gross everyday charter rate equal to 101% of the standard of the Baltic Panamax Index 4TC routes1. The charter began on January 12, 2022, and has a minimum duration of nine months and an optimum period of about twelve months (+/- 15 days) at the charterer’s choice.
The benchmark vessel made use of in the calculation of the average of the Baltic Panamax Index 4TC courses is a non-scrubber equipped 74,000 mt dwt vessel (Panamax) with details age, rate – consumption, and also layout attributes.
Regarding Castor Maritime Inc
. Castor Maritime Inc. is an international service provider of delivery transport services through its possession of oceangoing cargo vessels.