Jackson Creek Investment Advisors LLC Takes Position in Costamare Inc. $CMRE

Jackson Creek Investment Advisors LLC bought a new position in Costamare Inc. (NYSE:CMRE) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 160,990 shares of the shipping company’s stock, valued at approximately $1,917,000.

Other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in shares of Costamare by 10.5% during the second quarter. American Century Companies Inc. now owns 1,322,039 shares of the shipping company’s stock worth $12,044,000 after purchasing an additional 125,533 shares during the period. JPMorgan Chase & Co. grew its position in shares of Costamare by 81.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,030,194 shares of the shipping company’s stock valued at $9,385,000 after buying an additional 462,582 shares during the last quarter. Denali Advisors LLC raised its stake in Costamare by 30.2% during the second quarter. Denali Advisors LLC now owns 722,656 shares of the shipping company’s stock worth $6,583,000 after acquiring an additional 167,583 shares during the period. Marshall Wace LLP raised its stake in Costamare by 527.7% during the second quarter. Marshall Wace LLP now owns 703,932 shares of the shipping company’s stock worth $6,413,000 after acquiring an additional 591,785 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Costamare by 2.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 677,852 shares of the shipping company’s stock worth $6,175,000 after acquiring an additional 16,245 shares during the last quarter. 58.08% of the stock is currently owned by institutional investors.

Costamare Stock Performance

CMRE stock opened at $17.33 on Tuesday. The company has a 50-day simple moving average of $15.88 and a 200 day simple moving average of $13.28. The company has a market capitalization of $2.08 billion, a P/E ratio of 6.93 and a beta of 1.24. The company has a quick ratio of 1.65, a current ratio of 1.68 and a debt-to-equity ratio of 0.62. Costamare Inc. has a fifty-two week low of $6.63 and a fifty-two week high of $17.36.

Costamare (NYSE:CMRE) last released its earnings results on Tuesday, November 4th. The shipping company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.70 by $0.11. The firm had revenue of $225.17 million for the quarter, compared to analysts’ expectations of $197.92 million. Costamare had a net margin of 22.23% and a return on equity of 15.15%. Sell-side analysts predict that Costamare Inc. will post 2.52 earnings per share for the current fiscal year.

Costamare Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 5th. Investors of record on Tuesday, January 20th will be paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, January 20th. Costamare’s dividend payout ratio (DPR) is currently 18.40%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CMRE. Zacks Research cut Costamare from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Jefferies Financial Group increased their target price on Costamare from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Tuesday, November 4th. Wall Street Zen upgraded Costamare from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Finally, Weiss Ratings upgraded shares of Costamare from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.00.

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.