Institutional and Insider Ownership
1.1% of Castor Maritime shares are owned by institutional investors. Comparatively, 10.5% of C3is shares are owned by institutional investors. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
Profitability
This table compares Castor Maritime and C3is’ net margins, return on equity and return on assets.
Net Margins | Return on Equity | Return on Assets | |
Castor Maritime | 95.54% | 13.09% | 10.70% |
C3is | 5.74% | 19.35% | 11.24% |
Volatility and Risk
Castor Maritime has a beta of 0.67, indicating that its share price is 33% less volatile than the S&P 500. Comparatively, C3is has a beta of 1.77, indicating that its share price is 77% more volatile than the S&P 500.
Valuation & Earnings
Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
Castor Maritime | $76.44 million | 0.28 | $38.64 million | $3.35 | 0.67 |
C3is | $42.30 million | 0.06 | $9.29 million | ($35.21) | -0.11 |
Castor Maritime has higher revenue and earnings than C3is. C3is is trading at a lower price-to-earnings ratio than Castor Maritime, indicating that it is currently the more affordable of the two stocks.
Summary
Castor Maritime beats C3is on 6 of the 10 factors compared between the two stocks.
About Castor Maritime
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. Castor Maritime Inc. was incorporated in 2017 and is based in Limassol, Cyprus.
About C3is
C3is Inc. offers international seaborne transportation services. It provides its services to dry bulk charterers, including national and private industrial users, commodity producers and traders, oil producers, refineries, and commodities traders and producers. The company owns and operates a fleet of two drybulk carriers, which transport major bulks, such as iron ore, coal and grains, as well as minor bulks comprising bauxite, phosphate, and fertilizers, and one Aframax crude oil tanker that transports crude oil. C3is Inc. was founded in 2021 and is based in Athens, Greece.
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