Invesco Capital Management LLC recently announced the acquisition of new stake in Castor Maritime Inc (NASDAQ:CTRM). The institutional investor has increased its shareholding in the Industrials company by 0.81% to 0.23 million shares with purchase of 1824.0 shares. This fresh investment now brings its stake to 0.24% valued currently at $76840.0. In addition, Millennium Management LLC raised its holdings by 52543.0 to 0.16 million shares. And Morgan Stanley & Co. LLC has lifted its position by 35.89% or 22500.0 shares – to 85188.0 shares.
With over 7.34 million Castor Maritime Inc (CTRM) shares trading Tuesday and a closing price of $0.49 on the day, the dollar volume was approximately $3.59 million. The shares have shown a positive half year performance of 10.58% and its price on 01/02/24 gained nearly 15.06%. Currently, there are 96.62M common shares owned by the public and among those 96.51M shares have been available to trade.
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The top 3 mutual fund holders in Castor Maritime Inc are Invesco FTSE RAFI US 1500 Small M, Fidelity Nasdaq Composite Index F, and Didacmania SICAV SA. Invesco FTSE RAFI US 1500 Small M owns 0.23 million shares of the company’s stock, all valued at over $78134.0. Didacmania SICAV SA sold 534.0 shares to bring its total holdings to over 1460.0 shares at a value of $492.0. Didacmania SICAV SA now owns shares totaling to 0.00% of the shares outstanding.
Shares of Castor Maritime Inc (NASDAQ: CTRM) opened at $0.4201, down -$0.01 from a prior closing price of $0.43. The company’s stock has a 5-day price change of 7.31% and 17.66% over the past three months. CTRM shares are trading 15.06% year to date (YTD), with the 12-month market performance up to 14.47% higher. It has a 12-month low price of $0.29 and touched a high of $1.24 over the same period. CTRM has an average intraday trading volume of 528.82K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 17.74%, 31.86%, and -0.17% respectively.
Institutional ownership of Castor Maritime Inc (NASDAQ: CTRM) shares accounts for 0.94% of the company’s 96.62M shares outstanding. Mutual fund holders own 0.33%, while other institutional holders and individual stakeholders account for 0.61% and — respectively.
It has a market capitalization of $47.25M and a beta (3y monthly) value of 1.03. The stock’s trailing 12-month PE ratio is 0.99, while the earnings-per-share (ttm) stands at $0.50. Price movements for the stock have been influenced by the stock’s volatility, which stands at 15.24% over the week and 10.70% over the month.
