Costamare (NYSE:CMRE) CFO Grigorios Zikos Sells 59,840 Shares

Costamare Inc. (NYSE:CMRE) CFO Grigorios Zikos sold 59,840 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $15.34, for a total transaction of $917,945.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Costamare Trading Up 1.1%

Shares of CMRE stock opened at $15.51 on Friday. Costamare Inc. has a fifty-two week low of $9.71 and a fifty-two week high of $18.06. The company has a 50 day moving average price of $15.33 and a 200 day moving average price of $16.29. The stock has a market capitalization of $1.87 billion, a P/E ratio of 5.90 and a beta of 1.06. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.92 and a current ratio of 1.61.

Costamare (NYSE:CMRE) last released its earnings results on Monday, July 27th. The shipping company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. The company had revenue of $196.24 million for the quarter, compared to analyst estimates of $193.16 million. Costamare had a net margin of 39.66% and a return on equity of 15.11%.

Costamare Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 6th. Stockholders of record on Tuesday, July 21st will be paid a $0.125 dividend. The ex-dividend date is Tuesday, July 21st. This is an increase from Costamare’s previous quarterly dividend of $0.12. This represents a $0.50 annualized dividend and a dividend yield of 3.2%. Costamare’s payout ratio is 19.01%.

Institutional Investors Weigh In On Costamare

A number of large investors have recently modified their holdings of CMRE. Nipun Capital L.P. purchased a new position in Costamare in the second quarter valued at $2,114,000. Glenmede Trust Co. NA purchased a new stake in Costamare during the 1st quarter worth about $263,000. Bank of America Corp DE lifted its holdings in Costamare by 20.2% during the 1st quarter. Bank of America Corp DE now owns 322,557 shares of the shipping company’s stock worth $5,451,000 after buying an additional 54,242 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Costamare by 3.5% during the 1st quarter. Empowered Funds LLC now owns 620,035 shares of the shipping company’s stock worth $10,479,000 after acquiring an additional 21,029 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its position in shares of Costamare by 45.6% during the 1st quarter. Quantinno Capital Management LP now owns 48,187 shares of the shipping company’s stock worth $814,000 after acquiring an additional 15,085 shares in the last quarter. 58.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on CMRE. Fearnley Fonds raised Costamare from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Wall Street Zen lowered Costamare from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Weiss Ratings upgraded Costamare from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

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.