Denali Advisors LLC Sells 174,419 Shares of Costamare Inc. $CMRE

Denali Advisors LLC lowered its position in Costamare Inc. (NYSE:CMRE) by 25.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 497,977 shares of the shipping company’s stock after selling 174,419 shares during the quarter. Costamare accounts for about 0.9% of Denali Advisors LLC’s investment portfolio, making the stock its 18th biggest holding. Denali Advisors LLC’s holdings in Costamare were worth $7,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. ST Germain D J Co. Inc. purchased a new position in Costamare during the fourth quarter valued at $29,000. Tower Research Capital LLC TRC lifted its position in Costamare by 204.9% during the second quarter. Tower Research Capital LLC TRC now owns 6,897 shares of the shipping company’s stock valued at $63,000 after purchasing an additional 4,635 shares in the last quarter. Focus Partners Wealth purchased a new position in Costamare during the third quarter valued at $66,000. State of Alaska Department of Revenue purchased a new position in Costamare during the third quarter valued at $79,000. Finally, BNP Paribas Financial Markets lifted its position in Costamare by 84.4% during the third quarter. BNP Paribas Financial Markets now owns 8,828 shares of the shipping company’s stock valued at $105,000 after purchasing an additional 4,040 shares in the last quarter. Institutional investors own 58.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CMRE shares. Fearnley Fonds raised shares of Costamare from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Wall Street Zen downgraded shares of Costamare from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Weiss Ratings downgraded shares of Costamare from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Costamare has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Costamare Stock Performance

NYSE CMRE opened at $17.61 on Friday. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 6.57 and a beta of 1.10. The company has a quick ratio of 1.92, a current ratio of 1.96 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average price of $16.98 and a 200-day moving average price of $15.86. Costamare Inc. has a twelve month low of $7.56 and a twelve month high of $18.06.

Costamare (NYSE:CMRE) last released its quarterly earnings data on Wednesday, April 29th. The shipping company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The firm had revenue of $199.25 million during the quarter, compared to analyst estimates of $191.50 million. Costamare had a return on equity of 16.42% and a net margin of 39.93%.The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.63 earnings per share.

Costamare Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Monday, April 20th were paid a $0.115 dividend. The ex-dividend date of this dividend was Monday, April 20th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.6%. Costamare’s dividend payout ratio is 17.16%.

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.