Castor Maritime (NASDAQ:CTRM) Posts Quarterly Earnings Results

Castor Maritime (NASDAQ:CTRM) released its quarterly earnings results on Tuesday. The company reported $0.21 EPS for the quarter, Zacks reports. Castor Maritime had a net margin of 23.55% and a return on equity of 2.68%.

Castor Maritime Price Performance

CTRM opened at $1.96 on Tuesday. The business has a fifty day moving average of $1.90 and a 200 day moving average of $2.06. The stock has a market cap of $18.96 million, a P/E ratio of -1.21 and a beta of 1.21. The company has a quick ratio of 6.41, a current ratio of 6.44 and a debt-to-equity ratio of 0.13. Castor Maritime has a 52-week low of $1.66 and a 52-week high of $2.65.

Institutional Investors Weigh In On Castor Maritime

Institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its position 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 acquiring an additional 4,586 shares during the period. Virtu Financial LLC acquired a new position in Castor Maritime during the fourth quarter valued at $25,000. Finally, Jane Street Group LLC purchased a new stake in Castor Maritime in the fourth quarter valued at $37,000. 1.08% of the stock is currently owned by institutional investors and hedge funds.

About Castor Maritime

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.