Costamare Inc. $CMRE Shares Acquired by Sei Investments Co.

Sei Investments Co. boosted its holdings in Costamare Inc. (NYSE:CMRE) by 38.5% in the 1st quarter, Holdings Channel reports. The firm owned 156,850 shares of the shipping company’s stock after purchasing an additional 43,572 shares during the period. Sei Investments Co.’s holdings in Costamare were worth $2,651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. increased its stake in Costamare by 17.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 649,363 shares of the shipping company’s stock valued at $10,253,000 after purchasing an additional 94,618 shares during the period. Independent Financial Group LLC acquired a new stake in shares of Costamare during the first quarter worth about $1,615,000. UBS Group AG grew its holdings in shares of Costamare by 75.5% during the fourth quarter. UBS Group AG now owns 212,959 shares of the shipping company’s stock worth $3,363,000 after buying an additional 91,584 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Costamare during the fourth quarter worth about $745,000. Finally, Unison Advisors LLC increased its position 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 acquiring an additional 755 shares during the period. Institutional investors and hedge funds own 58.08% of the company’s stock.

Costamare Stock Down 1.9%

CMRE stock opened at $14.63 on Friday. Costamare Inc. has a one year low of $10.48 and a one year high of $18.06. The stock has a market capitalization of $1.76 billion, a PE ratio of 5.56 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. The company has a fifty day moving average of $15.21 and a 200-day moving average of $16.24.

Costamare (NYSE:CMRE) last issued its earnings results on Monday, July 27th. The shipping company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.05. The business had revenue of $196.24 million for 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 declared a quarterly dividend, which was paid on Thursday, August 6th. Stockholders of record on Tuesday, July 21st were paid a dividend of $0.125 per share. This is a boost from Costamare’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a $0.50 annualized dividend and a dividend yield of 3.4%. Costamare’s dividend payout ratio is presently 19.01%.

Wall Street Analyst Weigh In

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

Insider Activity at Costamare

In related news, CFO Grigorios Zikos sold 59,840 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were 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 SEC, which is available through this link. 23.20% of the stock is owned by corporate insiders.

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.