Costamare Bulkers (NYSE:CMDB) Stock Falls 2.1% - Should You Sell?

Key Points

• Costamare Bulkers shares fell 2.1% to $19.60 in low-volume trading, with about 26,436 shares changing hands—58% below average volume.
• Analyst sentiment remains negative: Weiss Ratings downgraded the stock from “sell (d)” to “sell (d-),” while the sole tracked analyst maintains a Sell rating.
• The company reported quarterly EPS of $0.40 on revenue of $111.61 million, while CEO Grigorios Zikos recently sold 24,203 shares; Squarepoint Ops separately initiated a 10,797-share position.

Shares of Costamare Bulkers Holdings Ltd (NYSE:CMDB - Get Free Report) traded down 2.1% during trading on Friday. The company traded as low as $19.38 and last traded at $19.60. Approximately 26,436 shares traded hands during trading, a decline of 58% from the average daily volume of 62,206 shares. The stock had previously closed at $20.02.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Costamare Bulkers from a "sell (d)" rating to a "sell (d-)" rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has an average rating of "Sell".

Costamare Bulkers Trading Down 2.1%

The stock has a market cap of $476.28 million, a P/E ratio of 115.29 and a beta of 0.70. The company has a current ratio of 3.33, a quick ratio of 3.17 and a debt-to-equity ratio of 0.20. The firm's 50 day simple moving average is $21.55.

Costamare Bulkers (NYSE:CMDB - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.40 EPS for the quarter. Costamare Bulkers had a return on equity of 3.82% and a net margin of 0.64%. The business had revenue of $111.61 million for the quarter.

Insider Transactions at Costamare Bulkers

In other Costamare Bulkers news, CEO Grigorios Zikos sold 24,203 shares of Costamare Bulkers stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $18.30, for a total value of $442,914.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Costamare Bulkers stock. Squarepoint Ops LLC bought a new stake in shares of Costamare Bulkers Holdings Ltd (NYSE:CMDB - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,797 shares of the company's stock, valued at approximately $190,000.

Costamare Bulkers Company Profile

Costamare Bulkers Inc NYSE: CMDB is a dry bulk shipping company that owns and operates vessels used to transport essential commodities around the world. Its fleet serves the international seaborne trade in cargoes such as iron ore, coal, grain and other dry bulk products.

The company's vessels operate across major global trade routes and are employed through a combination of time-charter, voyage-charter and other commercial arrangements. Its fleet may include several dry bulk vessel classes, allowing Costamare Bulkers to serve a range of cargo sizes and chartering requirements.

Costamare Bulkers was established as a separately traded company following the separation of Costamare Inc's dry bulk business.

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