Castellum (NYSEAMERICAN:CTM) Shares Up 5.6% – Here’s What Happened

Castellum, Inc. (NYSEAMERICAN:CTM) was up 5.6% during mid-day trading on Thursday . The company traded as high as $0.6118 and last traded at $0.6034. 709,264 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 1,112,460 shares. The stock had previously closed at $0.5713.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Castellum to a “hold” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Castellum Price Performance

The company has a market capitalization of $57.19 million, a PE ratio of -30.17 and a beta of -6.62. The stock’s 50 day simple moving average is $0.66 and its 200-day simple moving average is $0.72.

Castellum (NYSEAMERICAN:CTM) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). Castellum had a negative return on equity of 6.32% and a negative net margin of 4.13%.The business had revenue of $13.86 million for the quarter, compared to analyst estimates of $16.00 million.

Hedge Funds Weigh In On Castellum

Institutional investors and hedge funds have recently modified their holdings of the company. Two Sigma Securities LLC boosted its holdings in Castellum by 166.3% in the second quarter. Two Sigma Securities LLC now owns 40,530 shares of the company’s stock valued at $29,000 after purchasing an additional 25,308 shares in the last quarter. Inspire Advisors LLC acquired a new stake in Castellum during the fourth quarter worth approximately $38,000. Two Sigma Investments LP raised its holdings in Castellum by 135.1% during the third quarter. Two Sigma Investments LP now owns 77,565 shares of the company’s stock worth $85,000 after purchasing an additional 44,569 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Castellum by 6.9% during the 4th quarter. Geode Capital Management LLC now owns 773,724 shares of the company’s stock worth $699,000 after buying an additional 50,197 shares during the last quarter. Finally, Legato Capital Management LLC lifted its position in shares of Castellum by 9.6% during the 4th quarter. Legato Capital Management LLC now owns 680,945 shares of the company’s stock worth $615,000 after buying an additional 59,536 shares during the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

Castellum Company Profile

Castellum AB is a Sweden‐based real estate company specializing in the ownership, management and development of commercial properties. The company’s primary focus is on office premises and logistics facilities situated in attractive growth regions across Sweden and the broader Öresund area. With a strategic emphasis on long‐term leases and strong tenant relationships, Castellum aims to deliver stable rental income and capital appreciation over time.

Founded in 1940 and headquartered in Gothenburg, Castellum has grown through a combination of land acquisitions, property development and selective portfolio divestments.