State of Wyoming Buys 34,913 Shares of Costamare Inc. $CMRE

State of Wyoming increased its stake in Costamare Inc. (NYSE:CMRE) by 95.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 71,640 shares of the shipping company’s stock after acquiring an additional 34,913 shares during the period. State of Wyoming’s holdings in Costamare were worth $853,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CMRE. Cubist Systematic Strategies LLC bought a new stake in shares of Costamare in the 1st quarter worth approximately $192,000. Millennium Management LLC bought a new stake in Costamare in the first quarter worth $6,075,000. Dynamic Technology Lab Private Ltd boosted its position in Costamare by 13.5% during the first quarter. Dynamic Technology Lab Private Ltd now owns 19,064 shares of the shipping company’s stock valued at $188,000 after buying an additional 2,267 shares during the period. Goldman Sachs Group Inc. boosted its position in Costamare by 42.2% during the first quarter. Goldman Sachs Group Inc. now owns 479,822 shares of the shipping company’s stock valued at $4,721,000 after buying an additional 142,372 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of Costamare by 156.9% during the first quarter. Jane Street Group LLC now owns 200,984 shares of the shipping company’s stock valued at $1,978,000 after buying an additional 122,737 shares during the last quarter. Hedge funds and other institutional investors own 58.08% of the company’s stock.

Costamare Stock Performance

NYSE CMRE opened at $17.33 on Tuesday. 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 twelve month low of $6.63 and a twelve month high of $17.36. The business has a 50-day moving average price of $15.88 and a 200-day moving average price of $13.28. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 6.93 and a beta of 1.24.

Costamare (NYSE:CMRE) last posted its earnings results on Tuesday, November 4th. The shipping company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.11. The company had revenue of $225.17 million during 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%. As a group, equities research analysts predict that Costamare Inc. will post 2.52 EPS for the current fiscal year.

Costamare Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, January 20th. This represents a $0.46 dividend on an annualized basis and a yield of 2.7%. Costamare’s dividend payout ratio is presently 18.40%.

Analyst Ratings Changes

CMRE has been the topic of several recent analyst reports. Wall Street Zen raised Costamare from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Zacks Research lowered shares of Costamare from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 21st. Weiss Ratings raised Costamare from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Finally, Jefferies Financial Group upped their price objective on Costamare from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Costamare currently has a consensus rating of “Hold” and an average target price of $12.00.

Costamare 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.