Castellum (NYSEAMERICAN:CTM) COO Acquires $31,000.00 in Stock

Castellum, Inc. (NYSEAMERICAN:CTM) COO Andrew Merriman purchased 50,000 shares of Castellum stock in a transaction dated Wednesday, September 9th. The shares were bought at an average price of $0.62 per share, for a total transaction of $31,000.00. Following the acquisition, the chief operating officer owned 588,531 shares in the company, valued at approximately $364,889.22. This trade represents a 9.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Castellum Trading Up 0.5%

Shares of CTM opened at $0.62 on Friday. Castellum, Inc. has a 12-month low of $0.48 and a 12-month high of $1.36. The firm has a 50-day moving average price of $0.65 and a 200 day moving average price of $0.71. The firm has a market capitalization of $58.85 million, a P/E ratio of -31.04 and a beta of -6.62.

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

Institutional Trading of Castellum

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

Analyst Ratings Changes

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

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.