Independent Financial Group LLC Invests $1.61 Million in Costamare Inc. $CMRE

Independent Financial Group LLC purchased a new position in Costamare Inc. (NYSE:CMRE) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 95,579 shares of the shipping company’s stock, valued at approximately $1,615,000.

Several other hedge funds have also made changes to their positions in the stock. ST Germain D J Co. Inc. bought a new position in Costamare during the 4th quarter worth $29,000. Pinnacle Holdings LLC acquired a new stake in Costamare in the fourth quarter worth $30,000. Caitong International Asset Management Co. Ltd lifted its stake in Costamare by 652.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,627 shares of the shipping company’s stock valued at $41,000 after buying an additional 2,278 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Costamare by 204.9% in the second quarter. Tower Research Capital LLC TRC now owns 6,897 shares of the shipping company’s stock valued at $63,000 after buying an additional 4,635 shares during the last quarter. Finally, Focus Partners Wealth bought a new stake in Costamare in the third quarter valued at $66,000. Institutional investors own 58.08% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Costamare Trading Down 0.0%

NYSE:CMRE opened at $14.74 on Monday. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 5.50 and a beta of 1.06. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.92 and a current ratio of 1.96. Costamare Inc. has a 1 year low of $9.14 and a 1 year high of $18.06. The business has a fifty day moving average of $15.65 and a 200-day moving average of $16.32.

Costamare (NYSE:CMRE) last issued its quarterly earnings data on Wednesday, April 29th. The shipping company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. The business had revenue of $199.25 million for the quarter, compared to analysts’ expectations of $191.50 million. Costamare had a net margin of 39.93% and a return on equity of 16.42%. The company’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.63 earnings per share.

Costamare Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 6th. Shareholders of record on Tuesday, July 21st will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, July 21st. This is a positive change from Costamare’s previous quarterly dividend of $0.12. Costamare’s dividend payout ratio is 17.16%.

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.