Castor Maritime Inc. (NASDAQ: CTRM) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 2,110,000 shares, a decline of 29.2% from the December 15th total of 2,980,000 shares. Based upon 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 Right Here.
Hedge funds and also other institutional investors have recently changed their holdings of business. Advisor Team Holdings Inc. expanded its placement in Castor Maritime by 66.1% throughout the second quarter. Advisor Team Holdings Inc. now has 16,050 shares of the company’s stock valued at $42,000 after getting an extra 6,386 shares throughout the last quarter. LPL Financial LLC acquired a brand-new setting in Castor Maritime throughout the 2nd quarter valued at $49,000. Squarepoint Ops LLC bought a new position in Castor Maritime throughout the third quarter valued at $54,000. Millennium Management LLC got a brand-new placement in shares of Castor Maritime throughout the 2nd quarter valued at $66,000. Ultimately, Toroso Investments LLC got a new setting in shares of Castor Maritime during the 3rd quarter valued at $81,000. Institutional capitalists and hedge funds very own 3.04% of the business’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, contrasted to its ordinary quantity of 1,184,940. Castor Maritime has a year low of $1.32 and also a twelve month high of $19.50. The company has a debt-to-equity ratio of 0.22, a current proportion of 1.85 and a quick 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 company has a fifty day relocating standard of $1.72 and also a two-hundred day relocating standard of $2.09.
Castor Maritime (NASDAQ: CTRM) last launched its quarterly incomes information 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 $43.28 million for the quarter.
Castor Maritime Firm Account.
Castor Maritime Inc, with its subsidiaries, engages in ocean transport of dry bulk cargoes worldwide. It supplies seaborne transportation solutions for completely dry bulk freight, including iron ore, coal, grains, steel products, plant foods, concrete, bauxite, sugar, as well as scrap steels. The company runs three Panamax vessels with a bring ability of around 76,122 deadweight heap.
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Castor Maritime Inc. Announces$ 55.0 Million Debt Funding and also New Charter Agreement.
astor Maritime Inc. (NASDAQ: CTRM), (” Castor”, or the “Company”), a varied global delivery business, announces the closing and also drawdown of a $55.0 million elderly term car loan facility with a European bank (the “$ 55.0 Million Funding”), through, as well as secured by, 5 of its completely dry mass vessel ship-owning subsidiaries and also assured by the Firm. The Company plans to make use of the internet earnings from the $55.0 Million Funding for general company objectives, consisting of supporting the Business’s development plans.
The $55.0 Million Financing has a tenor of five years as well as bears passion at adj. SOFR plus 3.15% per year.
Mr. Petros Panagiotidis, Chief Executive Officer of Castor, commented:.
” We more than happy to introduce the closing of this brand-new financial obligation financing, our largest to day, and also the beginning of a new connection with a prominent European banks.
Our company believe that this new financial obligation funding boosts our capital framework as well as boosts our capacity to pursue our critical goals as well as development goals.”.
New Charter Contract.
The M/V Magic Callisto, a 2012 constructed Panamax dry bulk carrier, 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 commenced on January 12, 2022, and also has a minimal period of nine months and also an optimum period of about twelve months (+/- 15 days) at the charterer’s alternative.
The benchmark vessel made use of in the estimation of the average of the Baltic Panamax Index 4TC paths is a non-scrubber equipped 74,000 mt dwt vessel (Panamax) with specific age, rate – intake, as well as style attributes.
About Castor Maritime Inc
. Castor Maritime Inc. is a global carrier of shipping transport solutions through its possession of oceangoing freight vessels.