WINTON GROUP Ltd Takes Position in Costamare Inc. $CMRE

WINTON GROUP Ltd acquired a new stake in shares of Costamare Inc. (NYSE:CMRE) in the fourth quarter, Holdings Channel.com reports. The fund acquired 47,194 shares of the shipping company’s stock, valued at approximately $745,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Millennium Management LLC purchased a new stake in shares of Costamare in the first quarter valued at $6,075,000. Goldman Sachs Group Inc. lifted its holdings in shares of Costamare by 113.5% in 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 purchasing an additional 593,734 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Costamare by 527.7% in the second 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. Qube Research & Technologies Ltd lifted its holdings in shares of Costamare by 55.3% in the second quarter. Qube Research & Technologies Ltd now owns 605,715 shares of the shipping company’s stock valued at $5,518,000 after purchasing an additional 215,588 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Costamare by 13.5% in the third quarter. American Century Companies Inc. now owns 1,500,464 shares of the shipping company’s stock valued at $17,871,000 after purchasing an additional 178,425 shares in the last quarter. Institutional investors and hedge funds own 58.08% of the company’s stock.

Costamare Trading Down 0.2%

NYSE CMRE opened at $16.02 on Thursday. Costamare Inc. has a 1-year low of $8.76 and a 1-year high of $18.06. The company has a current ratio of 1.96, a quick ratio of 1.92 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $1.93 billion, a PE ratio of 5.98 and a beta of 1.05. The firm’s fifty day simple moving average is $16.74 and its 200-day simple moving average is $16.43.

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

Costamare Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Monday, April 20th were paid 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 2.9%. Costamare’s dividend payout ratio is 17.16%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Weiss Ratings upgraded Costamare from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Fearnley Fonds upgraded Costamare from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Finally, Wall Street Zen lowered Costamare from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Costamare has a consensus rating of “Moderate Buy” and an average target price of $12.00.

Costamare 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.