Costamare (NYSE:CMRE) Shares Down 4.2% - Time to Sell?

Key Points

• Costamare shares fell 4.2% to about $15.10 in mid-day trading, with volume down sharply versus the average session.
• Analyst sentiment remains favorable overall, with one Strong Buy and three Hold ratings producing a “Moderate Buy” consensus, although the average price target of $12.00 is below the current share price.
• The company reported quarterly EPS and revenue above estimates and increased its quarterly dividend to $0.125, or $0.50 annually, yielding approximately 3.4%.

Shares of Costamare Inc. (NYSE:CMRE - Get Free Report) were down 4.2% on Wednesday . The stock traded as low as $15.17 and last traded at $15.1040. Approximately 19,933 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 446,635 shares. The stock had previously closed at $15.77.

Analysts Set New Price Targets

Several brokerages have issued reports on CMRE. Fearnley Fonds upgraded shares of Costamare from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 30th. Weiss Ratings restated a "hold (c+)" rating on shares of Costamare in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Costamare currently has an average rating of "Moderate Buy" and an average target price of $12.00.

Costamare Stock Performance

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 company has a market cap of $1.80 billion, a PE ratio of 5.66 and a beta of 1.06. The business has a fifty day simple moving average of $14.97 and a two-hundred day simple moving average of $16.12.

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

Costamare Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 6th. Shareholders of record on Tuesday, July 21st were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.4%. This is a boost from Costamare's previous quarterly dividend of $0.12. The ex-dividend date was Tuesday, July 21st. Costamare's payout ratio is presently 19.01%.

Insider Buying and Selling

In other Costamare news, CFO Grigorios Zikos sold 59,840 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $15.34, for a total transaction of $917,945.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Pinnacle Holdings LLC purchased a new stake in Costamare during the second quarter valued at approximately $27,000. ST Germain D J Co. Inc. purchased a new position in Costamare in the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd increased its position in shares of Costamare by 652.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,627 shares of the shipping company's stock worth $41,000 after purchasing an additional 2,278 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Costamare by 204.9% during the second quarter. Tower Research Capital LLC TRC now owns 6,897 shares of the shipping company's stock worth $63,000 after purchasing an additional 4,635 shares in the last quarter. Finally, Focus Partners Wealth acquired a new position in shares of Costamare during the third quarter worth $66,000. Hedge funds and other institutional investors own 58.08% of the company's stock.

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.

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