Last $6.47 USD
Change Today +0.05 / 0.78%
Volume 113.9K
BALT On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 11:19 AM 04/21/14 All times are local (Market data is delayed by at least 15 minutes).

baltic trading ltd (BALT) Snapshot

Open
$6.42
Previous Close
$6.42
Day High
$6.54
Day Low
$6.38
52 Week High
03/6/14 - $7.94
52 Week Low
05/2/13 - $3.17
Market Cap
366.1M
Average Volume 10 Days
1.3M
EPS TTM
$-0.49
Shares Outstanding
51.2M
EX-Date
03/6/14
P/E TM
--
Dividend
$0.12
Dividend Yield
1.09%
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, Annual General Meeting, Apr 09, 2014

Baltic Trading Limited, Annual General Meeting, Apr 09, 2014., at 10:00 US Eastern Standard Time. Location: offices of Kramer Levin Naftalis & Frankel LLP. Agenda: To elect Peter C. Georgiopoulos and Basil G. Mavroleon as Class I Directors to the Board of Directors of Baltic Trading; to ratify the appointment of Deloitte & Touche LLP as the independent auditors of Baltic Trading for the fiscal year ending December 31, 2014; to approve an amendment to the company's 2010 Equity Incentive Plan to increase the number of shares of common stock available for awards under the plan to 6,000,000 shares; to approve a non-binding, advisory resolution regarding the compensation of the company's named executive officers; to consider and act upon a non-binding, advisory proposal on the frequency of the advisory vote on the compensation of the company's named executive officers; and to transact such other business as may properly come before the Annual Meeting or at any adjournment or postponement thereof.

Baltic Trading Limited Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

Baltic Trading Limited announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported revenue of $35,973,000 against $27,304,000 a year ago. Operating income was $1,876,000 against operating loss of $3,273,000 a year ago. Income before income taxes was $599,000 against loss before income taxes of $4,329,000 a year ago. Net income was $587,000 or $0.01 per diluted share against net loss of $4,331,000 or $0.19 per diluted share a year ago. EBITDA was $6,261,000 against $445,000 a year ago. The company recorded a net loss of $11.4 million or $0.36 basic and diluted net loss per share for the year ended December 31, 2013, compared to a net loss of $17.3 million or $0.78 basic and diluted net loss per share for the year ended December 31, 2012. Voyage revenues increased to $36.0 million for the year ended December 31, 2013 compared to $27.3 million for the year ended December 31, 2012 due to higher spot market rates achieved by the majority of vessels and the increase in the size of fleet. EBITDA was $8.6 million for the year ended December 31, 2013 versus $1.8 million for the year ended December 31, 2012. TCE rates obtained by the company increased to $9,723 per day for the year ended December 31, 2013 from $7,863 per day for the year ended December 31, 2012 mainly due to higher rates achieved by the Capesize vessels in its fleet during 2013. Net cash provided by operating activities for the years ended December 31, 2013 and 2012 was $2.6 million and $0.4 million, respectively. The $2.2 million change in cash provided by operating activities was a result of a lower recorded net loss in the amount of $11.4 million for the year ended December 31, 2013 compared to a net loss of $17.3 million for the year ended December 31, 2012. This was partially offset by an increase of receivables in the amount of $4.2 million for the year ended December 31, 2013 when compared to the year ended December 31, 2012 mainly due to the timing of payments from charterers and the higher rates achieved by its fleet towards the end of the quarter ended December 31, 2013. Operating loss was $6,909,000 against $12,967,000 a year ago. Loss before income taxes was $11,358,000 against $17,242,000 a year ago.

Baltic Trading Limited Declares Quarterly Dividend, Payable on or About March 17, 2014

Baltic Trading Limited's Board of Directors declared a dividend for the fourth quarter of 2013 of $0.03 per share payable on or about March 17, 2014 to all shareholders of record as of March 10, 2014.

 

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BALT Competitors

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Company Last Change
Euroseas Ltd $1.19 USD -0.02
Globus Maritime Ltd $4.00 USD +0.37
Paragon Shipping Inc $6.08 USD 0.00
Seanergy Maritime Holdings Corp $1.58 USD -0.031
Star Bulk Carriers Corp $12.46 USD -0.08
View Industry Companies
 

Industry Analysis

BALT

Industry Average

Valuation BALT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 8.8x
Price/Book 0.9x
Price/Cash Flow 88.5x
TEV/Sales 4.0x
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