Financial Analysis: Baltic Trading (BALT) vs. Its Competitors
Baltic Trading (NYSE: BALT) is one of 25 publicly-traded companies in the “Deep Sea Freight” industry, but how does it compare to its rivals? We will compare Baltic Trading to related businesses based on the strength of its risk, dividends, earnings, institutional ownership, profitability, valuation and analyst recommendations.
Insider & Institutional Ownership
51.9% of shares of all “Deep Sea Freight” companies are owned by institutional investors. 4.1% of shares of all “Deep Sea Freight” companies are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.
This table compares Baltic Trading and its rivals gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Baltic Trading Competitors||$220.64 million||-$76.22 million||17.53|
Baltic Trading’s rivals have higher revenue, but lower earnings than Baltic Trading. Baltic Trading is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.
This is a breakdown of current recommendations for Baltic Trading and its rivals, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Baltic Trading Competitors||153||489||600||6||2.37|
As a group, “Deep Sea Freight” companies have a potential upside of 23.40%. Given Baltic Trading’s rivals higher probable upside, analysts plainly believe Baltic Trading has less favorable growth aspects than its rivals.
Risk and Volatility
Baltic Trading has a beta of 1.33, suggesting that its share price is 33% more volatile than the S&P 500. Comparatively, Baltic Trading’s rivals have a beta of 1.90, suggesting that their average share price is 90% more volatile than the S&P 500.
This table compares Baltic Trading and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Baltic Trading Competitors||-63.28%||-14.87%||-5.12%|
Baltic Trading rivals beat Baltic Trading on 8 of the 8 factors compared.
Baltic Trading Company Profile
Baltic Trading Limited is a shipping business focused on the drybulk industry spot market. The Company’s fleet consists of four Capesize vessels, two Ultramax vessels, four Supramax vessels and five Handysize vessels with an aggregate carrying capacity of approximately 1,221,000 deadweight tons. Its fleet contains six groups of sister ships, which are vessels of virtually identical sizes and specifications. It operates a fleet of drybulk ships that transport iron ore, coal, grain, steel products and other drybulk cargoes along shipping routes around the world. It operates its vessels on spot market-related time charters, short-term time charters or in vessel pools trading in the spot market. Genco Shipping & Trading Limited (Genco) serves as the Company’s manager. Genco provides it with commercial and strategic management of its fleet.
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