WINTON GROUP Ltd Invests $745,000 in Costamare Inc. $CMRE

WINTON GROUP Ltd acquired a new position in shares of Costamare Inc. (NYSE:CMRE) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 47,194 shares of the shipping company’s stock, valued at approximately $745,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CMRE. Cubist Systematic Strategies LLC acquired a new position in shares of Costamare during the first quarter worth approximately $192,000. Millennium Management LLC acquired a new stake in Costamare in the first quarter worth approximately $6,075,000. Dynamic Technology Lab Private Ltd lifted its position in Costamare by 13.5% in the first quarter. Dynamic Technology Lab Private Ltd now owns 19,064 shares of the shipping company’s stock worth $188,000 after purchasing an additional 2,267 shares during the period. Goldman Sachs Group Inc. lifted its position in Costamare by 42.2% in the first quarter. Goldman Sachs Group Inc. now owns 479,822 shares of the shipping company’s stock worth $4,721,000 after purchasing an additional 142,372 shares during the period. Finally, Jane Street Group LLC lifted its position in Costamare by 156.9% in the first quarter. Jane Street Group LLC now owns 200,984 shares of the shipping company’s stock worth $1,978,000 after purchasing an additional 122,737 shares during the period. 58.08% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CMRE shares. Wall Street Zen downgraded Costamare from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Fearnley Fonds upgraded Costamare from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings upgraded Costamare from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.00.

Costamare Price Performance

Shares of NYSE:CMRE opened at $16.02 on Thursday. Costamare Inc. has a one year low of $8.76 and a one year high of $18.06. The stock has a fifty day moving average of $16.74 and a 200-day moving average of $16.43. The company has a market capitalization of $1.93 billion, a PE ratio of 5.98 and a beta of 1.05. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.92 and a current ratio of 1.96.

Costamare (NYSE:CMRE) last announced its quarterly earnings data on Wednesday, April 29th. The shipping company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. Costamare had a return on equity of 16.42% and a net margin of 39.93%.The company had revenue of $199.25 million during the quarter, compared to the consensus estimate of $191.50 million. During the same quarter in the prior year, the firm earned $0.63 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year.

Costamare Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Monday, April 20th were given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, April 20th. Costamare’s dividend payout ratio is 17.16%.

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.