SG Americas Securities LLC Buys 46,481 Shares of Costamare Inc. $CMRE

SG Americas Securities LLC boosted its stake in Costamare Inc. (NYSE:CMRE) by 139.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,884 shares of the shipping company’s stock after acquiring an additional 46,481 shares during the period. SG Americas Securities LLC’s holdings in Costamare were worth $1,261,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its holdings in Costamare by 8.1% in the second quarter. The Manufacturers Life Insurance Company now owns 15,393 shares of the shipping company’s stock valued at $140,000 after acquiring an additional 1,148 shares during the last quarter. Rhumbline Advisers boosted its holdings in Costamare by 3.1% in the second quarter. Rhumbline Advisers now owns 71,238 shares of the shipping company’s stock valued at $649,000 after acquiring an additional 2,145 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings 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 valued at $188,000 after acquiring an additional 2,267 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Costamare by 7.2% in the third quarter. Public Employees Retirement System of Ohio now owns 33,747 shares of the shipping company’s stock valued at $402,000 after acquiring an additional 2,275 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Costamare by 25.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,803 shares of the shipping company’s stock valued at $250,000 after acquiring an additional 3,231 shares during the last quarter. 58.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CMRE has been the topic of several analyst reports. Weiss Ratings cut Costamare from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, March 5th. Wall Street Zen upgraded Costamare from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $12.00.

Costamare Price Performance

Costamare stock opened at $17.22 on Wednesday. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 6.04 and a beta of 1.22. Costamare Inc. has a 52-week low of $6.63 and a 52-week high of $17.91. The stock’s 50 day moving average price is $16.87 and its two-hundred day moving average price is $15.13. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.70 and a current ratio of 1.73.

Costamare (NYSE:CMRE) last posted its quarterly earnings results on Sunday, February 15th. The shipping company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.14). The business had revenue of $200.18 million for the quarter, compared to the consensus estimate of $204.00 million. Costamare had a return on equity of 15.52% and a net margin of 33.19%.The business’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, equities analysts predict that Costamare Inc. will post 2.52 earnings per share for the current year.

Costamare Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Monday, April 20th will be issued 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 Monday, April 20th. Costamare’s dividend payout ratio is presently 16.14%.

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.