Castor Maritime (NASDAQ:CTRM) Announces Quarterly Earnings Results

Castor Maritime (NASDAQ:CTRM) released its quarterly earnings data on Monday. The company reported $0.31 earnings per share (EPS) for the quarter, FiscalAI reports. Castor Maritime had a net margin of 103.17% and a return on equity of 3.34%. The company had revenue of $25.57 million during the quarter.

Castor Maritime Price Performance

Shares of NASDAQ:CTRM opened at $2.42 on Monday. The company has a 50 day moving average of $2.19 and a two-hundred day moving average of $2.08. The company has a market capitalization of $23.38 million, a price-to-earnings ratio of 1.73 and a beta of 1.22. Castor Maritime has a 52-week low of $1.66 and a 52-week high of $2.66. The company has a quick ratio of 6.88, a current ratio of 6.88 and a debt-to-equity ratio of 0.13.

Hedge Funds Weigh In On Castor Maritime

A number of institutional investors have recently added to or reduced their stakes in CTRM. Virtu Financial LLC acquired a new position in shares of Castor Maritime in the fourth quarter worth about $25,000. Jane Street Group LLC acquired a new stake in Castor Maritime during the 4th quarter valued at approximately $37,000. NewEdge Advisors LLC purchased a new stake in Castor Maritime during the 2nd quarter worth approximately $46,000. Goldman Sachs Group Inc. increased its holdings in Castor Maritime by 20.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 26,600 shares of the company’s stock worth $61,000 after purchasing an additional 4,586 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Castor Maritime by 82.1% in the 1st quarter. Renaissance Technologies LLC now owns 73,869 shares of the company’s stock valued at $137,000 after purchasing an additional 33,300 shares in the last quarter. Institutional investors and hedge funds own 1.08% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Castor Maritime in a report on Friday, September 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Castor Maritime Company Profile

Castor Maritime Inc is a global shipping company that specializes in the acquisition and operation of dry bulk carriers. The company’s fleet, comprising primarily Supramax, Ultramax and Handysize vessels, is deployed on short-, medium- and long-term time and voyage charters. Castor Maritime focuses on the seaborne transportation of dry bulk commodities such as coal, grain, iron ore, fertilizers and other industrial raw materials.

Headquartered in Athens, Greece, with a commercial office in New York, Castor Maritime serves customers across Asia, Europe and the Americas.