Grigorios Zikos Sells 59,840 Shares of Costamare (NYSE:CMRE) Stock

Costamare Inc. (NYSE:CMRE) 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 can be accessed through the SEC website.

Costamare Price Performance

CMRE stock opened at $15.51 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.92 and a current ratio of 1.61. Costamare Inc. has a 1 year low of $9.71 and a 1 year high of $18.06. The firm has a market cap of $1.87 billion, a P/E ratio of 5.90 and a beta of 1.06. The stock has a 50-day simple moving average of $15.31 and a 200-day simple moving average of $16.28.

Costamare (NYSE:CMRE) last released its quarterly earnings results on Monday, July 27th. The shipping company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.57 by $0.05. Costamare had a return on equity of 15.11% and a net margin of 39.66%.The firm had revenue of $196.24 million for the quarter, compared to analyst estimates of $193.16 million.

Costamare Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 6th. Stockholders of record on Tuesday, July 21st will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, July 21st. This is an increase from Costamare’s previous quarterly dividend of $0.12. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.2%. Costamare’s dividend payout ratio is presently 19.01%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Costamare

Several hedge funds and other institutional investors have recently bought and sold shares of CMRE. ST Germain D J Co. Inc. acquired a new position in shares of Costamare in the 4th quarter valued at approximately $29,000. Pinnacle Holdings LLC acquired a new stake in shares of Costamare during the fourth quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd grew 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 buying an additional 2,278 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of Costamare in the third quarter worth $66,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Costamare by 204.9% in the second quarter. Tower Research Capital LLC TRC now owns 6,897 shares of the shipping company’s stock worth $63,000 after buying an additional 4,635 shares during the last quarter. 58.08% of the stock is currently owned by hedge funds and other institutional investors.

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.