UBS Group AG Increases Stock Position in Costamare Inc. $CMRE

UBS Group AG raised its holdings in Costamare Inc. (NYSE:CMRE) by 75.5% during the 4th quarter, Holdings Channel reports. The firm owned 212,959 shares of the shipping company’s stock after purchasing an additional 91,584 shares during the quarter. UBS Group AG’s holdings in Costamare were worth $3,363,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CMRE. Cubist Systematic Strategies LLC purchased a new stake in shares of Costamare in the first quarter valued at about $192,000. Millennium Management LLC purchased a new stake in shares of Costamare in the first quarter valued at about $6,075,000. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Costamare by 13.5% in the first quarter. Dynamic Technology Lab Private Ltd now owns 19,064 shares of the shipping company’s stock valued at $188,000 after purchasing an additional 2,267 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Costamare by 42.2% in the first quarter. Goldman Sachs Group Inc. now owns 479,822 shares of the shipping company’s stock valued at $4,721,000 after purchasing an additional 142,372 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Costamare by 156.9% in the first quarter. Jane Street Group LLC now owns 200,984 shares of the shipping company’s stock valued at $1,978,000 after purchasing an additional 122,737 shares in the last quarter. Hedge funds and other institutional investors own 58.08% of the company’s stock.

Costamare Stock Performance

NYSE:CMRE opened at $16.43 on Monday. The firm has a 50 day simple moving average of $16.97 and a 200-day simple moving average of $16.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.96 and a quick ratio of 1.92. The firm has a market cap of $1.98 billion, a PE ratio of 6.13 and a beta of 1.10. Costamare Inc. has a 1-year low of $8.20 and a 1-year high of $18.06.

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, beating analysts’ consensus estimates of $0.57 by $0.06. The business 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 in the previous year, the business posted $0.63 earnings per share.

Costamare Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Monday, April 20th were given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, April 20th. Costamare’s payout ratio is currently 17.16%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CMRE. Wall Street Zen downgraded shares of Costamare from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings raised shares of Costamare from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. Finally, Fearnley Fonds raised shares of Costamare from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Costamare currently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

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.