Costamare Bulkers (NYSE:CMDB) CEO Sells 24,203 Shares

Costamare Bulkers Holdings Ltd (NYSE:CMDB) CEO Grigorios Zikos sold 24,203 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $18.30, for a total value of $442,914.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Costamare Bulkers Trading Down 4.0%

Shares of NYSE:CMDB traded down $0.74 during midday trading on Friday, reaching $17.82. The company had a trading volume of 73,710 shares, compared to its average volume of 58,406. The firm has a market capitalization of $430.89 million, a price-to-earnings ratio of 104.82 and a beta of 0.73. Costamare Bulkers Holdings Ltd has a 1-year low of $8.90 and a 1-year high of $20.92. The company has a quick ratio of 3.14, a current ratio of 3.33 and a debt-to-equity ratio of 0.20.

Wall Street Analyst Weigh In

Separately, Weiss Ratings began coverage on shares of Costamare Bulkers in a report on Wednesday. They issued a “sell (d)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Costamare Bulkers Company Profile

Costamare Bulkers Inc (NYSE: CMDB) is a dry bulk shipping company focused on owning and operating vessels that transport commodities around the world. Its fleet serves the seaborne trade in products such as iron ore, coal, grain and other bulk materials.

The company operates a diversified fleet of dry bulk vessels, including Capesize, Kamsarmax, Panamax, Ultramax and Supramax ships. These vessels are employed through a combination of time charters, voyage charters and other commercial arrangements, allowing Costamare Bulkers to serve customers across major international shipping routes.

Costamare Bulkers was established through the separation of Costamare Inc’s dry bulk business and became a publicly traded company in 2024.