3.6100 -0.04 (-1.10%)
After hours: 5:37PM EDT
|Bid||3.6000 x 1100|
|Ask||3.6500 x 1000|
|Day's Range||3.4800 - 3.8000|
|52 Week Range||2.4600 - 18.9990|
|Beta (3Y Monthly)||N/A|
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Castor Maritime Inc. (CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry-bulk vessels, today announced that on October 14, 2019, through a separate wholly-owned subsidiary, it has entered into an agreement to purchase a 2005 Japan built Panamax dry bulk carrier for a purchase price of $10.2 million from a third party in which a family member of Castor’s Chairman, Chief Executive Officer and Chief Financial Officer has an interest. The acquisition is expected to be consummated by taking delivery of the vessel by the end of October 2019 and is subject to the satisfaction of certain customary closing conditions.
Castor Maritime Inc. (CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced an agreement with all of the holders of its 9.75% Series A Cumulative Redeemable Perpetual Preferred Shares (the “Series A Preferred Shares”) to waive all accumulated dividends and to adopt and to Amend and Restate the Statement of Designations of its Series A Preferred Shares (the “Agreement”). Pursuant to the Agreement, the Company will issue 300,000 common shares to the holders of the Series A Preferred Shares in exchange for the waiver of approximately $4.3 million worth of dividends accumulated on the Series A Preferred Shares, for the period since their original issuance to June 30, 2019.
Castor Maritime Inc. (CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announced today that its Board of Directors (the "Board") has scheduled the Company’s 2019 Annual General Meeting of Shareholders (the "Meeting") to be held on October 21, 2019 at 6:00 p.m., local time, at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus. The Board has fixed a record date of September 23, 2019 (the "Record Date") for the determination of the Shareholders entitled to receive notice of and to vote at the Meeting or any adjournment thereof.
Castor Maritime Inc. (CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry-bulk vessels, announced today that its Board of Directors has approved a change in the Company’s fiscal year end from September 30 to December 31. This change is being made to better align Castor’s reporting calendar with other NASDAQ listed companies and its industry peers. Castor’s next fiscal year will end on December 31, 2019, resulting in a three-month transition period from October 1, 2018 to December 31, 2018.
Castor Maritime Inc. (CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry-bulk vessels, today announced that on July 25, 2019, it has entered into, through a separate wholly-owned subsidiary, an agreement to purchase a 2001 Korean built Panamax dry bulk carrier from an unaffiliated third party for a purchase price of $6.7 million. Petros Panagiotidis, Chairman, Chief Executive Officer and Chief Financial Officer of Castor, commented: "We are pleased to announce the acquisition of our second dry bulk carrier, which, in a very short period, doubles the size of our fleet.
Castor Maritime earnings for the company's six months ended on March 31, 2019 have CTRM stock up on Tuesday.Source: Shutterstock The most recent earnings results from Castor Maritime (NASDAQ:CTRM) mark its first report after joining the stock market as a publicly-traded company. The company starts it off by reporting losses per share of 40 cents for the period. Its losses per share from the same time last year were 21 cents.The Castor Maritime earnings results for its last six months also include net income of $332,411. This is a massive increase over the company's net income of $160,644 reported in its six months from the same time in 2018.InvestorPlace - Stock Market News, Stock Advice & Trading TipsCastor Maritime earnings also have it bringing in operating income of $317,804 for its most recent six months. The company's operating income from the same six months in the previous year was $172,759.Revenue reported by Castor Maritime for the last six months of business comes in at $2.04 million. This is much better than the international shipping company's revenue of $1.70 million reported in the same period of the year prior. * 6 Big Dividend Stocks to Buy as Yields Plunge "We are very pleased with our performance for the six months ended March 31, 2019, the first period we report results as a NASDAQ listed entity," Petros Panagiotidis, Chairmand and CEO of Castor Maritime, said in a statement . "We believe that the dry bulk market will be rewarding in the years to come despite the normal shorter-term volatility exhibited. In this context, we are focused on taking advantage of market opportunities in order to maximize our profitability and opportunistically enlarge our fleet."CTRM stock was up 34% as of Tuesday afternoon. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Sell Impacted by the Mexican Tariffs * 6 Big Dividend Stocks to Buy as Yields Plunge * The 10 Biggest Announcements From Apple WWDC 2019 As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Castor Maritime Earnings: Why CTRM Stock Is Skyrocketing Today appeared first on InvestorPlace.
Financial Highlights of the Six Months Ended March 31, 2019: Voyage revenues: $2.04 million for the six months ended March 31, 2019, as compared to $1.70 million for the six.
Castor Maritime Inc. (CTRM), (the “Company”), an international shipping company specializing in the ownership of dry-bulk vessels, today announced that, through a wholly-owned subsidiary, it has entered into a time charter contract with Oldendorff Carriers GMBH & Co KG Luebeck for its Panamax vessel Magic P. The gross charter rate is US$ 11,250 per day, for a period of a minimum of five (5) months up to a maximum of about eight (8) months (for the first 30 days period the daily gross rate is US$ 9,000). The “Magic P” is a 76,453 dwt Panamax bulk carrier built in 2004 in Japan. All things being equal, this employment is anticipated to generate approximately US$ 1.60 million of gross revenue for the minimum scheduled period of the time charter and could reach US$ 2.60 million should employment be extended to its maximum period.