Inscription Capital LLC Buys Shares of 250,000 Castellum, Inc. (NYSEAMERICAN:CTM)

Inscription Capital LLC acquired a new position in shares of Castellum, Inc. (NYSEAMERICAN:CTM - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 250,000 shares of the company's stock, valued at approximately $265,000. Inscription Capital LLC owned approximately 0.36% of Castellum as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. PKS Advisory Services LLC acquired a new position in shares of Castellum in the 4th quarter valued at $84,000. Geode Capital Management LLC boosted its stake in Castellum by 49.9% in the fourth quarter. Geode Capital Management LLC now owns 299,643 shares of the company's stock valued at $599,000 after acquiring an additional 99,714 shares in the last quarter. Jane Street Group LLC boosted its stake in 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 acquiring an additional 429,310 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Castellum in the fourth quarter valued at $2,456,000. 3.39% of the stock is owned by institutional investors and hedge funds.

Castellum Stock Performance

NYSEAMERICAN:CTM traded down $0.05 during trading hours on Friday, reaching $1.03. 2,192,658 shares of the company's stock were exchanged, compared to its average volume of 3,878,368. The firm has a market capitalization of $88.62 million, a price-to-earnings ratio of -9.36 and a beta of -10.09. The company has a 50-day moving average of $1.03 and a 200 day moving average of $0.81. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.25. Castellum, Inc. has a 1-year low of $0.12 and a 1-year high of $2.83.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. UBS Group raised Castellum from a "strong sell" rating to a "hold" rating in a research report on Wednesday, April 23rd. Maxim Group set a $3.00 price objective on Castellum and gave the company a "buy" rating in a report on Thursday, April 24th.

Insider Buying and Selling

In related news, Director Mark C. Fuller sold 500,000 shares of the stock in a transaction on Monday, May 19th. The stock was sold at an average price of $1.05, for a total transaction of $525,000.00. Following the completion of the sale, the director now directly owns 6,613,659 shares of the company's stock, valued at $6,944,341.95. This trade represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Jay O. Wright sold 259,400 shares of the firm's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $1.07, for a total transaction of $277,558.00. Following the completion of the sale, the general counsel now owns 9,023,673 shares of the company's stock, valued at $9,655,330.11. This trade represents a 2.79% decrease in their position. The disclosure for this sale can be found here. 29.79% of the stock is owned by company insiders.

Castellum Profile

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.