Andrew Merriman Purchases 50,000 Shares of Castellum (NYSEAMERICAN:CTM) Stock

Castellum, Inc. (NYSEAMERICAN:CTM) COO Andrew Merriman acquired 50,000 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was purchased at an average price of $0.62 per share, with a total value of $31,000.00. Following the transaction, the chief operating officer owned 588,531 shares in the company, valued at $364,889.22. This represents a 9.28% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Castellum Trading Up 3.0%

Shares of Castellum stock opened at $0.62 on Friday. The stock’s fifty day simple moving average is $0.65 and its 200 day simple moving average is $0.71. The company has a market capitalization of $58.56 million, a PE ratio of -30.89 and a beta of -6.62. Castellum, Inc. has a 12 month low of $0.48 and a 12 month high of $1.36.

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

Institutional Trading of Castellum

Institutional investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new position in shares of Castellum during the first quarter worth about $72,000. Geode Capital Management LLC lifted its stake in Castellum by 43.2% in the 2nd quarter. Geode Capital Management LLC now owns 599,198 shares of the company’s stock valued at $629,000 after acquiring an additional 180,673 shares in the last quarter. XTX Topco Ltd lifted its stake in Castellum by 107.6% in the 2nd quarter. XTX Topco Ltd now owns 135,796 shares of the company’s stock valued at $143,000 after acquiring an additional 70,377 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Castellum during the 2nd quarter worth approximately $204,000. Finally, Vanguard Group Inc. raised its holdings in shares of Castellum by 21.5% in the third quarter. Vanguard Group Inc. now owns 1,277,915 shares of the company’s stock valued at $1,393,000 after purchasing an additional 225,937 shares during the last quarter. 3.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of 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 MarketBeat.com, Castellum presently has an average rating of “Hold”.

About Castellum

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.