Robeco Institutional Asset Management B.V. Raises Holdings in Costamare Inc. $CMRE

Key Points

• Robeco raised its stake: Robeco Institutional Asset Management increased its holding in Costamare by 17.1% in Q4 to 649,363 shares (about 0.54% of the company), and institutions now own roughly 58.08% of the stock.
• Earnings miss and analyst view: Costamare reported Q4 EPS of $0.60 (vs. $0.74 expected) and revenue of $200.18M (vs. $204M), with revenue down 6.9% YoY; the consensus rating is "Hold" with an average price target of $12.00.
• Dividend and valuation snapshot: CMRE opened at $17.20 with a $2.07B market cap and a PE of 6.04, and it declared a quarterly dividend of $0.115 ($0.46 annualized, yield 2.7%) with an ex-dividend date of April 20 and payment on May 5.

Robeco Institutional Asset Management B.V. boosted its stake in shares of Costamare Inc. (NYSE:CMRE - Free Report) by 17.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 649,363 shares of the shipping company's stock after purchasing an additional 94,618 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.54% of Costamare worth $10,253,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CMRE. Tower Research Capital LLC TRC increased its holdings in shares of Costamare by 204.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,897 shares of the shipping company's stock valued at $63,000 after acquiring an additional 4,635 shares during the last quarter. Focus Partners Wealth purchased a new position in shares of Costamare in the 3rd quarter valued at about $66,000. State of Alaska Department of Revenue purchased a new position in shares of Costamare in the 3rd quarter valued at about $79,000. BNP Paribas Financial Markets increased its holdings in shares of Costamare by 84.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,828 shares of the shipping company's stock valued at $105,000 after acquiring an additional 4,040 shares during the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Costamare in the 3rd quarter valued at about $123,000. Hedge funds and other institutional investors own 58.08% of the company's stock.

Costamare Trading Down 1.1%

NYSE:CMRE opened at $17.20 on Thursday. The stock's 50 day moving average price is $16.94 and its 200 day moving average price is $15.32. The company has a market capitalization of $2.07 billion, a PE ratio of 6.04 and a beta of 1.22. The company has a quick ratio of 1.70, a current ratio of 1.73 and a debt-to-equity ratio of 0.58. Costamare Inc. has a 52-week low of $6.63 and a 52-week high of $18.06.

Costamare (NYSE:CMRE - Get Free Report) last released its quarterly earnings results on Sunday, February 15th. The shipping company reported $0.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.14). The firm had revenue of $200.18 million for the quarter, compared to analysts' expectations of $204.00 million. Costamare had a return on equity of 15.52% and a net margin of 33.19%.The business's revenue was down 6.9% on a year-over-year basis. On average, research analysts anticipate that Costamare Inc. will post 2.52 EPS for the current year.

Costamare Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Monday, April 20th will be given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis 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%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Weiss Ratings downgraded Costamare from a "buy (b-)" rating to a "hold (c)" rating in a report on Thursday, March 5th. Wall Street Zen upgraded Costamare from a "hold" rating to a "buy" rating in a report on Saturday, March 28th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target 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.

Want to see what other hedge funds are holding CMRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costamare Inc. (NYSE:CMRE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.