Costamare (NYSE:CMRE) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Costamare Inc. (NYSE:CMRE) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.14 and traded as high as $17.44. Costamare shares last traded at $17.1490, with a volume of 384,885 shares.

Analyst Ratings Changes

A number of brokerages have commented on CMRE. Fearnley Fonds upgraded shares of Costamare from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Wall Street Zen lowered shares of Costamare from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Weiss Ratings lowered shares of Costamare from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.00.

Costamare Trading Down 0.1%

The company has a market cap of $2.06 billion, a price-to-earnings ratio of 6.40 and a beta of 1.10. The company’s fifty day moving average price is $16.96 and its two-hundred day moving average price is $16.14. The company has a quick ratio of 1.92, a current ratio of 1.96 and a debt-to-equity ratio of 0.56.

Costamare (NYSE:CMRE) last posted its quarterly earnings data on Wednesday, April 29th. The shipping company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.06. The company had revenue of $199.25 million during the quarter, compared to analyst estimates of $191.50 million. Costamare had a net margin of 39.93% and a return on equity of 16.42%. The company’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business posted $0.63 earnings per share.

Costamare Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 5th. Investors of record on Monday, April 20th were issued a $0.115 dividend. The ex-dividend date of this dividend was Monday, April 20th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.7%. Costamare’s dividend payout ratio (DPR) is currently 17.16%.

Institutional Trading of Costamare

Hedge funds and other institutional investors have recently modified their holdings of the stock. ST Germain D J Co. Inc. acquired a new stake in shares of Costamare in the fourth quarter valued at approximately $29,000. Pinnacle Holdings LLC acquired a new stake in shares of Costamare in the fourth quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Costamare by 652.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,627 shares of the shipping company’s stock valued at $41,000 after purchasing an additional 2,278 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Costamare by 204.9% in the second quarter. Tower Research Capital LLC TRC now owns 6,897 shares of the shipping company’s stock valued at $63,000 after purchasing an additional 4,635 shares in the last quarter. Finally, Focus Partners Wealth acquired a new stake in shares of Costamare in the third quarter valued at approximately $66,000. Institutional investors and hedge funds own 58.08% of the company’s stock.

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.