Costamare Inc. $CMRE Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its stake in shares of Costamare Inc. (NYSE:CMRE) by 17.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 649,363 shares of the shipping company’s stock after acquiring an additional 94,618 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Costamare were worth $10,253,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CMRE. Cubist Systematic Strategies LLC acquired a new stake in Costamare during the 1st quarter worth approximately $192,000. Millennium Management LLC acquired a new stake in Costamare during the 1st quarter worth approximately $6,075,000. Dynamic Technology Lab Private Ltd lifted its position in Costamare by 13.5% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 19,064 shares of the shipping company’s stock worth $188,000 after acquiring an additional 2,267 shares during the period. Goldman Sachs Group Inc. lifted its position in Costamare by 42.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 479,822 shares of the shipping company’s stock worth $4,721,000 after acquiring an additional 142,372 shares during the period. Finally, Jane Street Group LLC lifted its position in Costamare by 156.9% during the 1st quarter. Jane Street Group LLC now owns 200,984 shares of the shipping company’s stock worth $1,978,000 after acquiring an additional 122,737 shares during the period. 58.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CMRE shares. Weiss Ratings cut Costamare from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, March 5th. Wall Street Zen raised Costamare from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $12.00.

Costamare Stock Performance

NYSE CMRE opened at $17.20 on Thursday. Costamare Inc. has a 1-year low of $6.63 and a 1-year high of $18.06. The company has a market capitalization of $2.07 billion, a P/E ratio of 6.04 and a beta of 1.22. The business has a 50 day moving average price of $16.94 and a 200 day moving average price of $15.32. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.73 and a quick ratio of 1.70.

Costamare (NYSE:CMRE) last released its quarterly earnings data on Sunday, February 15th. The shipping company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.14). Costamare had a net margin of 33.19% and a return on equity of 15.52%. The firm had revenue of $200.18 million during the quarter, compared to analysts’ expectations of $204.00 million. The firm’s quarterly revenue was down 6.9% on a year-over-year basis. Sell-side analysts expect that Costamare Inc. will post 2.52 EPS for the current fiscal year.

Costamare Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 5th. Investors of record on Monday, April 20th will be paid a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, April 20th. Costamare’s dividend payout ratio (DPR) is presently 16.14%.

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.