Costamare Inc. (NYSE:CMRE – Get Free Report) CFO Grigorios Zikos sold 59,840 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $15.34, for a total value of $917,945.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Costamare Stock Performance
CMRE stock traded up $0.17 during midday trading on Thursday, hitting $15.51. 291,199 shares of the company traded hands, compared to its average volume of 462,483. Costamare Inc. has a twelve month low of $9.71 and a twelve month high of $18.06. The company has a quick ratio of 1.92, a current ratio of 1.61 and a debt-to-equity ratio of 0.56. The business has a 50 day simple moving average of $15.37 and a 200-day simple moving average of $16.30. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 5.90 and a beta of 1.06.
Costamare (NYSE:CMRE – Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The shipping company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.05. The business had revenue of $196.24 million during the quarter, compared to the consensus estimate of $193.16 million. Costamare had a net margin of 39.66% and a return on equity of 15.11%.
Costamare Increases Dividend
Institutional Investors Weigh In On Costamare
Several institutional investors and hedge funds have recently bought and sold shares of CMRE. Millennium Management LLC bought a new position in Costamare during the first quarter worth about $6,075,000. Goldman Sachs Group Inc. lifted its holdings in shares of Costamare by 113.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,116,647 shares of the shipping company’s stock valued at $17,632,000 after acquiring an additional 593,734 shares during the period. Marshall Wace LLP boosted its stake in shares of Costamare by 527.7% in the 2nd quarter. Marshall Wace LLP now owns 703,932 shares of the shipping company’s stock valued at $6,413,000 after purchasing an additional 591,785 shares in the last quarter. VestGen Advisors LLC acquired a new stake in shares of Costamare in the 4th quarter valued at $5,455,000. Finally, Informed Momentum Co LLC acquired a new stake in shares of Costamare in the 4th quarter valued at $3,682,000. Institutional investors own 58.08% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. Fearnley Fonds raised shares of Costamare from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of Costamare from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Finally, Wall Street Zen lowered shares of Costamare from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.00.
View Our Latest Stock Report on Costamare
Costamare Company Profile
Costamare Inc is a leading owner and manager of containerships, specializing in the acquisition, chartering and operation of modern container vessels. The company secures employment for its fleet under a mix of long‐term and short‐term agreements, providing vital capacity to major shipping lines and leveraging fixed-rate charters to support cash flow stability.
Founded in 1974 and headquartered in Athens, Greece, Costamare has cultivated a disciplined approach to fleet renewal, often overseeing newbuild supervision and shipyard coordination to ensure vessels meet performance and environmental standards.
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