Nipun Capital L.P. Takes $2.11 Million Position in Costamare Inc. $CMRE

Nipun Capital L.P. purchased a new stake in Costamare Inc. (NYSE:CMRE) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 150,800 shares of the shipping company’s stock, valued at approximately $2,114,000. Costamare accounts for 1.0% of Nipun Capital L.P.’s investment portfolio, making the stock its 7th largest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Millennium Management LLC purchased a new position in Costamare during the 1st quarter worth $6,075,000. Goldman Sachs Group Inc. lifted its holdings in shares of Costamare by 113.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,116,647 shares of the shipping company’s stock worth $17,632,000 after buying an additional 593,734 shares during the period. Marshall Wace LLP lifted its holdings in shares of Costamare by 527.7% in the 2nd quarter. Marshall Wace LLP now owns 703,932 shares of the shipping company’s stock worth $6,413,000 after buying an additional 591,785 shares during the period. VestGen Advisors LLC bought a new position in shares of Costamare during the 4th quarter worth $5,455,000. Finally, Informed Momentum Co LLC bought a new position in shares of Costamare during the 4th quarter worth $3,682,000. Institutional investors own 58.08% of the company’s stock.

Costamare Trading Down 1.9%

Shares of NYSE CMRE opened at $14.63 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.61 and a quick ratio of 1.57. The stock has a market capitalization of $1.76 billion, a P/E ratio of 5.56 and a beta of 1.06. Costamare Inc. has a 1-year low of $10.48 and a 1-year high of $18.06. The business has a fifty day moving average price of $15.21 and a 200 day moving average price of $16.24.

Costamare (NYSE:CMRE) last posted its earnings results on Monday, July 27th. The shipping company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05. Costamare had a return on equity of 15.11% and a net margin of 39.66%.The company had revenue of $196.24 million for the quarter, compared to analyst estimates of $193.16 million.

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 issued a $0.125 dividend. The ex-dividend date was Tuesday, July 21st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.4%. This is an increase from Costamare’s previous quarterly dividend of $0.12. Costamare’s dividend payout ratio (DPR) is 19.01%.

Insider Buying and Selling at Costamare

In other news, CFO Grigorios Zikos sold 59,840 shares of Costamare stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $15.34, for a total value of $917,945.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 23.20% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on CMRE shares. Weiss Ratings upgraded Costamare from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Wall Street Zen cut shares of Costamare from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. 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 research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Costamare presently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

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.