Castor Maritime Inc. (NASDAQ: CTRM) saw a big decrease in short rate of interest in December. Since December 31st, there was short interest totalling 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 quantity of 2,170,000 shares, the days-to-cover ratio is presently 1.0 days.
Castor Maritime Stock May Be Nearing a Base Here.
Hedge funds and also various other institutional investors have recently customized their holdings of the business. Advisor Group Holdings Inc. expanded its setting in Castor Maritime by 66.1% throughout the second quarter. Consultant Group Holdings Inc. now has 16,050 shares of the firm’s stock valued at $42,000 after acquiring an extra 6,386 shares during the last quarter. LPL Financial LLC bought a new position in Castor Maritime throughout the second quarter valued at $49,000. Squarepoint Ops LLC purchased a brand-new setting in Castor Maritime during the third quarter valued at $54,000. Centuries Administration 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 setting in shares of Castor Maritime during the 3rd quarter valued at $81,000. Institutional financiers and also hedge funds very own 3.04% of the firm’s stock.
Shares of Castor Maritime Inc. (NASDAQ: CTRM) traded down $0.07 during trading on Tuesday, striking $1.28. The stock had a trading volume of 54,032 shares, compared to its average volume of 1,184,940. Castor Maritime has a 12 month low of $1.32 as well as a year high of $19.50. The business has a debt-to-equity proportion of 0.22, a current proportion of 1.85 and also a fast proportion of 1.70. The company has a market capitalization of $115.14 million, a PE proportion of 9.00 and a beta of 0.40. The firm 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 released its quarterly revenues data on Monday, November 8th. The firm 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 $43.28 million for the quarter.
Castor Maritime Firm Profile.
Castor Maritime Inc, with its subsidiaries, participates in ocean transport of completely dry bulk cargoes worldwide. It provides seaborne transport services for completely dry mass freight, consisting of iron ore, coal, grains, steel products, plant foods, cement, bauxite, sugar, as well as scrap metals. The firm runs 3 Panamax vessels with a bring capacity of around 76,122 deadweight heap.
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Castor Maritime Inc. Introduces$ 55.0 Million Financial Debt Funding as well as New Charter Arrangement.
astor Maritime Inc. (NASDAQ: CTRM), (” Castor”, or the “Business”), a diversified worldwide shipping company, introduces the closing and also drawdown of a $55.0 million senior term funding facility with a European financial institution (the “$ 55.0 Million Funding”), via, and safeguarded by, five of its completely dry mass vessel ship-owning subsidiaries and also assured by the Company. The Firm plans to make use of the internet profits from the $55.0 Million Financing for general business objectives, including supporting the Firm’s development plans.
The $55.0 Million Financing has a tone of five years and also births rate of interest at adj. SOFR plus 3.15% per year.
Mr. Petros Panagiotidis, Ceo of Castor, commented:.
” We are happy to introduce the closing of this new financial obligation funding, our largest to date, and the start of a brand-new partnership with a prominent European banks.
Our team believe that this brand-new financial obligation financing boosts our funding structure as well as improves our capacity to pursue our strategic goals and also development purposes.”.
New Charter Agreement.
The M/V Magic Callisto, a 2012 constructed Panamax dry bulk service provider, has been chosen a time charter agreement at a gross daily charter price equal to 101% of the average of the Baltic Panamax Index 4TC routes1. The charter started on January 12, 2022, and also has a minimum period of nine months and also a maximum duration of regarding twelve months (+/- 15 days) at the charterer’s choice.
The benchmark vessel used in the calculation of the standard of the Baltic Panamax Index 4TC courses is a non-scrubber fitted 74,000 mt dwt vessel (Panamax) with details age, rate – usage, as well as design features.
Concerning Castor Maritime Inc
. Castor Maritime Inc. is a worldwide carrier of delivery transportation services via its possession of oceangoing freight vessels.