Costamare Inc. $CMRE Shares Bought by Sei Investments Co.

Sei Investments Co. raised its position in Costamare Inc. (NYSE:CMRE) by 38.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 156,850 shares of the shipping company’s stock after purchasing an additional 43,572 shares during the period. Sei Investments Co. owned 0.13% of Costamare worth $2,651,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. First Trust Advisors LP grew its stake in shares of Costamare by 131.6% during the first quarter. First Trust Advisors LP now owns 30,268 shares of the shipping company’s stock worth $512,000 after purchasing an additional 17,198 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Costamare by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 7,178,665 shares of the shipping company’s stock valued at $121,315,000 after buying an additional 21,279 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Costamare by 11.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 26,852 shares of the shipping company’s stock valued at $456,000 after buying an additional 2,760 shares in the last quarter. Independent Financial Group LLC purchased a new stake in Costamare during the 1st quarter worth about $1,615,000. Finally, Principal Financial Group Inc. lifted its holdings in Costamare by 7.6% during the 1st quarter. Principal Financial Group Inc. now owns 84,047 shares of the shipping company’s stock worth $1,420,000 after buying an additional 5,966 shares during the last quarter. 58.08% of the stock is currently owned by institutional investors and hedge funds.

Costamare Trading Down 1.9%

NYSE CMRE opened at $14.63 on Friday. The firm’s fifty day moving average price is $15.21 and its 200 day moving average price is $16.24. Costamare Inc. has a 12 month low of $10.48 and a 12 month high of $18.06. 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 capitalization of $1.76 billion, a price-to-earnings ratio of 5.56 and a beta of 1.06.

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

Costamare Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 6th. Stockholders of record on Tuesday, July 21st were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Tuesday, July 21st. This is an increase from Costamare’s previous quarterly dividend of $0.12. Costamare’s dividend payout ratio (DPR) is presently 19.01%.

Insider Buying and Selling at Costamare

In related news, CFO Grigorios Zikos sold 59,840 shares of the company’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $15.34, for a total value of $917,945.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 23.20% of the company’s stock.

Analyst Ratings Changes

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

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.