Maxim Group Upgrades Castellum (NYSEAMERICAN:CTM) to “Strong-Buy”

Castellum (NYSEAMERICAN:CTM) was upgraded by investment analysts at Maxim Group to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Castellum Stock Up 1.3 %

Shares of CTM opened at $1.01 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average price of $1.03 and a two-hundred day moving average price of $0.67. The stock has a market cap of $70.64 million, a price-to-earnings ratio of -5.94 and a beta of -12.75. Castellum has a 12 month low of $0.12 and a 12 month high of $2.83.

Insider Activity at Castellum

In other Castellum news, Director Mark C. Fuller sold 275,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $1.49, for a total transaction of $409,750.00. Following the sale, the director now directly owns 7,338,659 shares of the company’s stock, valued at approximately $10,934,601.91. This represents a 3.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 45.55% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CTM. PKS Advisory Services LLC acquired a new stake in Castellum during the 4th quarter valued at $84,000. Inscription Capital LLC acquired a new position in Castellum in the first quarter worth $265,000. Geode Capital Management LLC grew its holdings in shares of Castellum by 49.9% during the fourth quarter. Geode Capital Management LLC now owns 299,643 shares of the company’s stock worth $599,000 after purchasing an additional 99,714 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Castellum by 2,180.2% in the fourth quarter. Jane Street Group LLC now owns 449,001 shares of the company’s stock valued at $898,000 after buying an additional 429,310 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Castellum in the fourth quarter valued at about $2,456,000. 3.39% of the stock is owned by institutional investors and hedge funds.

About Castellum

Castellum, Inc provides services in the areas of cybersecurity, information technology, electronic and information warfare, and information operations. Its services include intelligence analysis, software development, software engineering, program management, strategic and mission planning, information assurance, cybersecurity and policy support, data analytics, and model based systems engineering services.