Costamare (NYSE:CMRE) Shares Down 4.2% – Time to Sell?

Shares of Costamare Inc. (NYSE:CMRE) dropped 4.2% on Wednesday . The stock traded as low as $15.17 and last traded at $15.1040. Approximately 19,933 shares were traded during trading, a decline of 96% from the average session volume of 446,635 shares. The stock had previously closed at $15.77.

Analysts Set New Price Targets

CMRE has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Costamare in a research note on Tuesday, August 18th. Fearnley Fonds upgraded Costamare from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $12.00.

Costamare Price Performance

The stock’s 50 day simple moving average is $14.97 and its 200-day simple moving average is $16.12. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 5.66 and a beta of 1.06. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.57 and a current ratio of 1.61.

Costamare (NYSE:CMRE) last posted its quarterly earnings data on Monday, July 27th. The shipping company reported $0.62 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

The company also recently announced a quarterly dividend, which was paid on Thursday, August 6th. Investors of record on Tuesday, July 21st were paid a $0.125 dividend. This is a positive change from Costamare’s previous quarterly dividend of $0.12. The ex-dividend date was Tuesday, July 21st. This represents a $0.50 dividend on an annualized basis and a yield of 3.4%. Costamare’s dividend payout ratio (DPR) is 19.01%.

Insider Buying and Selling

In other Costamare news, CFO Grigorios Zikos sold 59,840 shares of Costamare stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $15.34, for a total transaction of $917,945.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Unison Advisors LLC lifted its holdings in Costamare by 1.7% in the 1st quarter. Unison Advisors LLC now owns 46,255 shares of the shipping company’s stock valued at $782,000 after purchasing an additional 755 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Costamare by 8.1% during the second quarter. The Manufacturers Life Insurance Company now owns 15,393 shares of the shipping company’s stock worth $140,000 after buying an additional 1,148 shares in the last quarter. State of Wisconsin Investment Board grew its holdings in shares of Costamare by 3.0% during the fourth quarter. State of Wisconsin Investment Board now owns 46,069 shares of the shipping company’s stock worth $727,000 after buying an additional 1,331 shares in the last quarter. Ieq Capital LLC grew its holdings in shares of Costamare by 2.2% during the fourth quarter. Ieq Capital LLC now owns 72,722 shares of the shipping company’s stock worth $1,148,000 after buying an additional 1,575 shares in the last quarter. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of Costamare in the fourth quarter valued at about $29,000. 58.08% of the stock is currently owned by hedge funds and other institutional investors.

About Costamare

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.