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Last $1.61 USD
Change Today -0.04 / -2.42%
Volume 430.7K
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

baltic trading ltd (BALT) Snapshot

Open
$1.64
Previous Close
$1.65
Day High
$1.68
Day Low
$1.57
52 Week High
05/27/14 - $7.02
52 Week Low
03/18/15 - $1.21
Market Cap
94.4M
Average Volume 10 Days
876.7K
EPS TTM
$-0.36
Shares Outstanding
52.3M
EX-Date
03/6/15
P/E TM
--
Dividend
--
Dividend Yield
1.86%
Current Stock Chart for BALTIC TRADING LTD (BALT)

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baltic trading ltd (BALT) Details

Baltic Trading Limited, together with its subsidiaries, engages in the shipping business in the drybulk industry spot market worldwide. The company operates a fleet of drybulk ships that transport iron ore, coal, grain, steel products, and other dry bulk cargoes. As of March 2, 2015, its fleet consisted of four Capesize, two Ultramax, four Supramax, and five Handysize vessels with an aggregate capacity of approximately 1,221,000 deadweight tons. The company charters its vessels to trading houses, including commodities traders, as well as producers and government-owned entities. Baltic Trading Limited was founded in 2009 and is based in New York, New York.

340 Employees
Last Reported Date: 03/2/15
Founded in 2009

baltic trading ltd (BALT) Top Compensated Officers

President, Principal Executive Officer, Chief...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

baltic trading ltd (BALT) Key Developments

Baltic Trading Limited Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Capital Expenditure Guidance for the First Quarter and for the Last Three Quarters of 2015

Baltic Trading Limited announced unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company recorded a net loss of $5.6 million, or $0.10 basic and diluted net loss per share. Comparatively, for the three months ended December 31, 2013, the company recorded net income of $0.6 million, or $0.01 basic and diluted earnings per share. EBITDA was $1.4 million versus $6.3 million for the three months ended December 31, 2013. The company's revenues decreased by 19% to $11.7 million compared to $14.5 million for the three months ended December 31, 2013. The decrease was primarily due to lower rates achieved by the vessels in fleet during the fourth quarter of 2014 versus the same period last year, partially offset by the increase in the size of fleet. Operating loss was $4,072,000 against operating income of $1,876,000 a year ago. Loss before income taxes was $5,601,000 against income before income taxes of $599,000 a year ago. For the year, the company recorded a net loss of $20.3 million or $0.36 basic and diluted net loss per share compared to $11.4 million or $0.36 basic and diluted net loss per share for the year ended December 31, 2013. EBITDA was $6.7 million versus $8.6 million for the year ended December 31, 2013. Net cash provided by operating activities was $1.1 million compared to $2.6 million for the twelve months ended December 31, 2013. The increases in cash provided by operating activities were offset by a $3.3 million increase in deferred drydocking costs incurred, as six of vessels were drydocked during 2014. Revenues were $45,520,000 against $35,973,000 a year ago. Operating loss was $4,072,000 against $1,876,000 a year ago. Loss before income taxes was $20,210,000 against income before income taxes of $11,358,000 a year ago. The company provided capital expenditure guidance for the first quarter and for the last three quarters of 2015. For the first quarter, the company expects capital expenditure of $1.3 million. For the last three quarters, the company expects capital expenditure of $3.3 million.

Baltic Trading Limited Omits to Pay Dividend for the Fourth Quarter of 2014

Baltic Trading Limited announced that as a result of the current market conditions, the application of the formula in policy did not result in a dividend for the fourth quarter of 2014 and the board of directors did not declare a dividend for the period ended December 31, 2014.

Baltic Trading Limited to Report Q4, 2014 Results on Mar 02, 2015

Baltic Trading Limited announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Mar 02, 2015

 

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