Last $5.42 USD
Change Today -0.05 / -0.91%
Volume 193.2K
BALT On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 8:04 PM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

baltic trading ltd (BALT) Snapshot

Open
$5.46
Previous Close
$5.47
Day High
$5.56
Day Low
$5.41
52 Week High
03/6/14 - $7.94
52 Week Low
10/31/13 - $4.36
Market Cap
312.0M
Average Volume 10 Days
359.1K
EPS TTM
$-0.23
Shares Outstanding
51.2M
EX-Date
08/12/14
P/E TM
--
Dividend
$0.04
Dividend Yield
1.29%
Current Stock Chart for BALTIC TRADING LTD (BALT)

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baltic trading ltd (BALT) Details

Baltic Trading Limited is engaged in 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 February 26, 2014, it owned 4 Capesize, 4 Supramax, and 5 Handysize vessels with an aggregate carrying capacity of approximately 1,095,000 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.

300 Employees
Last Reported Date: 03/3/14
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 Provides Production Guidance for the Third Quarter of 2014

Baltic Trading Limited provided production guidance for the third quarter of 2014. For the third quarter of 2014, the company estimates daily vessel operating expenses to be $5,325 per vessel per day on a weighted basis of an average number of 13.01 vessels for the quarter. The c company expects daily free cash flow breakeven to be $9,163 and daily net income breakeven rate to be $13,677. The low breakeven levels are testament to Baltic Trading's efficient cost structure and serve as a core differentiator for company.

Baltic Trading Limited Declares Dividend for the Second Quarter of 2014, Payable on or About August 21, 2014

Baltic Trading Limited declared a $0.01 per share dividend payable on or about August 21, 2014 to all shareholders of record as of August 14, 2014 based on second quarter 2014 results.

Baltic Trading Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Baltic Trading Limited reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net loss of $5.7 million, or $0.10 basic and diluted net loss per share against recorded a net loss of $4.6 million, or $0.19 basic and diluted net loss per share. Revenues increased by 68% to $10.7 million compared to $6.4 million for the three months ended June 30, 2013. The increase was primarily due to the increase in the size of fleet as well as higher spot market rates achieved by Capesize vessels. EBITDA was $1.0 million versus $0.091 million for the three months ended June 30, 2013. Operating loss was $4.208 million against $3.588 million a year ago. Loss before income taxes was $5.649 million against $4.612 million a year ago. For the six months, the company reported net loss of $9.2 million or $0.16 basic and diluted net loss per share, compared to a net loss of $9.7 million or $0.41 basic and diluted net loss per share for the six months ended June 30, 2013. EBITDA was $4.1 million versus LBITDA of $0.3 million for the six months ended June 30, 2013. Revenues were $23.794 million against $12.365 million a year ago. Operating loss was $6.210 million against $7.663 million a year ago. Loss before income taxes was $9.170 million against $9.695 million a year ago. Net cash provided by operating activities was $2.7 million compared to net cash used in operating activities of $1.8 million for the six months ended June 30, 2013. The $4.5 million change in cash provided by operating activities was a result of the factors: the company recorded a lower recorded net loss in the amount of $9.2 million for the six months ended June 30, 2014 compared to a net loss of $9.7 million for the six months ended June 30, 2013. As a result of the increase in the size of fleet, included in the net loss was an increase in depreciation of $3.0 million for the six months ended June 30, 2014 compared to the prior year period.

 

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Industry Analysis

BALT

Industry Average

Valuation BALT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 6.5x
Price/Book 0.8x
Price/Cash Flow 40.8x
TEV/Sales 2.6x
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