474,374 Shares in Costamare Inc. $CMRE Bought by Globeflex Capital L P

Globeflex Capital L P acquired a new stake in shares of Costamare Inc. (NYSE:CMRE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 474,374 shares of the shipping company’s stock, valued at approximately $6,651,000. Costamare accounts for approximately 0.8% of Globeflex Capital L P’s holdings, making the stock its 28th largest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. ST Germain D J Co. Inc. bought a new position in Costamare in the 4th quarter worth about $29,000. Pinnacle Holdings LLC bought a new stake in shares of Costamare during the 4th quarter valued at about $30,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Costamare by 652.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,627 shares of the shipping company’s stock valued at $41,000 after acquiring an additional 2,278 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Costamare by 204.9% during the second quarter. Tower Research Capital LLC TRC now owns 6,897 shares of the shipping company’s stock worth $63,000 after purchasing an additional 4,635 shares in the last quarter. Finally, Focus Partners Wealth purchased a new position in shares of Costamare during the third quarter worth about $66,000. 58.08% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CMRE shares. Fearnley Fonds raised shares of Costamare from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Costamare in a research note on Tuesday, August 18th. One research 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 presently has an average rating of “Moderate Buy” and a consensus price target of $12.00.

Costamare Stock Performance

Shares of CMRE stock opened at $15.62 on Monday. The company has a quick ratio of 1.57, a current ratio of 1.61 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average price of $14.98 and a two-hundred day moving average price of $16.14. Costamare Inc. has a 12-month low of $10.84 and a 12-month high of $18.06. The firm has a market cap of $1.89 billion, a P/E ratio of 5.94 and a beta of 1.06.

Costamare (NYSE:CMRE) last posted its quarterly earnings data 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 firm had revenue of $196.24 million during the quarter, compared to analysts’ expectations of $193.16 million. Costamare had a return on equity of 15.11% and a net margin of 39.66%.

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 given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Tuesday, July 21st. This is a positive change from Costamare’s previous quarterly dividend of $0.12. Costamare’s dividend payout ratio is presently 19.01%.

Insider Transactions at Costamare

In other Costamare news, CFO Grigorios Zikos sold 59,840 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $15.34, for a total value of $917,945.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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.