Castor Maritime Inc. (NASDAQ: CTRM) saw a big decrease in short interest in December. Since December 31st, there was short rate of interest amounting to 2,110,000 shares, a decrease of 29.2% from the December 15th total of 2,980,000 shares. Based upon an average 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 Right Here.
Hedge funds and also other institutional capitalists have lately customized their holdings of the business. Consultant Team Holdings Inc. expanded its setting in Castor Maritime by 66.1% throughout the second quarter. Expert Team Holdings Inc. currently 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 purchased a new position in Castor Maritime throughout the 2nd quarter valued at $49,000. Squarepoint Ops LLC bought a brand-new position in Castor Maritime throughout the 3rd quarter valued at $54,000. Centuries Monitoring LLC bought a new position in shares of Castor Maritime throughout the 2nd quarter valued at $66,000. Lastly, Toroso Investments LLC acquired a brand-new setting in shares of Castor Maritime during the 3rd quarter valued at $81,000. Institutional financiers as well as hedge funds very own 3.04% of the firm’s stock.
Shares of Castor (NASDAQ: CTRM) traded down $0.07 throughout trading on Tuesday, hitting $1.28. The stock had a trading volume of 54,032 shares, contrasted to its ordinary volume of 1,184,940. Castor Maritime has a twelve month low of $1.32 as well as a twelve month high of $19.50. The company has a debt-to-equity proportion of 0.22, a current proportion of 1.85 and a fast ratio 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 firm has a fifty day relocating standard of $1.72 and a two-hundred day relocating 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 a net margin of 29.17% as well as a return on equity of 9.68%. The business had earnings of $43.28 million for the quarter.
Castor Maritime Company Account.
Castor Maritime Inc, through its subsidiaries, engages in sea transport of completely dry mass freights worldwide. It supplies seaborne transportation services for completely dry mass cargo, consisting of iron ore, coal, grains, steel items, plant foods, cement, bauxite, sugar, and also scrap steels. The business operates three Panamax vessels with a carrying capacity of around 76,122 deadweight load.
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Castor Maritime Inc. Reveals$ 55.0 Million Financial Debt Financing and also New Charter Contract.
astor Maritime Inc. (NASDAQ: CTRM), (” Castor”, or the “Company”), a varied international delivery business, announces the closing and drawdown of a $55.0 million senior term funding center with a European financial institution (the “$ 55.0 Million Funding”), with, as well as secured by, five of its dry bulk vessel ship-owning subsidiaries and guaranteed by the Business. The Firm means to make use of the web earnings from the $55.0 Million Financing for basic corporate purposes, including supporting the Firm’s development plans.
The $55.0 Million Funding has a tenor of 5 years and bears rate of interest at adj. SOFR plus 3.15% per year.
Mr. Petros Panagiotidis, President of Castor, commented:.
” We more than happy to introduce the closing of this new debt funding, our largest to day, as well as the start of a brand-new partnership with a leading European banks.
Our company believe that this brand-new debt funding enhances our capital structure as well as boosts our capacity to seek our tactical objectives and growth objectives.”.
New Charter Contract.
The M/V Magic Callisto, a 2012 built Panamax completely dry bulk carrier, has actually been fixed on a time charter agreement at a gross everyday charter rate equal to 101% of the average of the Baltic Panamax Index 4TC routes1. The charter commenced on January 12, 2022, as well as has a minimal duration of nine months as well as a maximum period of concerning twelve months (+/- 15 days) at the charterer’s choice.
The benchmark vessel used in the estimation of the standard of the Baltic Panamax Index 4TC paths is a non-scrubber fitted 74,000 mt dwt vessel (Panamax) with certain age, rate – consumption, as well as design characteristics.
About Castor Maritime Inc
. Castor Maritime Inc. is a worldwide service provider of delivery transport solutions with its possession of oceangoing freight vessels.