Towerview LLC Purchases Shares of 12,500 Castor Maritime Inc. (NASDAQ:CTRM)

Towerview LLC purchased a new stake in Castor Maritime Inc. (NASDAQ:CTRM) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,500 shares of the company’s stock, valued at approximately $53,000. Castor Maritime makes up approximately 0.0% of Towerview LLC’s investment portfolio, making the stock its 25th largest holding. Towerview LLC owned about 0.13% of Castor Maritime as of its most recent filing with the SEC.

Separately, Renaissance Technologies LLC raised its position in Castor Maritime by 39.9% in the 2nd quarter. Renaissance Technologies LLC now owns 29,469 shares of the company’s stock valued at $136,000 after purchasing an additional 8,400 shares in the last quarter. 1.08% of the stock is owned by hedge funds and other institutional investors.

Castor Maritime Price Performance

CTRM stock remained flat at $3.64 during mid-day trading on Thursday. The company’s stock had a trading volume of 20,599 shares, compared to its average volume of 63,376. The company has a market cap of $35.16 million, a P/E ratio of 1.09 and a beta of 0.86. The company has a fifty day moving average of $4.08 and a two-hundred day moving average of $4.34. Castor Maritime Inc. has a 52 week low of $2.90 and a 52 week high of $6.50.

Castor Maritime Company Profile

Castor Maritime Inc provides shipping services worldwide. The company operates through Dry Bulk Vessels and Containerships segments. It offers seaborne transportation services for dry bulk cargo; and commodities, such as iron ore, coal, soybeans, etc. As of December 31, 2023, the company owned and operated a fleet of 17 vessels primarily consisting of one Capesize, five Kamsarmax, two Handysize tanker vessels, and nine Panamax dry bulk vessels, as well as two 2,700 TEU containership vessels.