Costamare Bulkers (NYSE:CMDB) Stock Falls 2.1% – What’s Next?

Costamare Bulkers Holdings Ltd (NYSE:CMDB)’s stock price fell 2.1% during mid-day trading on Friday. The company traded as low as $19.38 and last traded at $19.60. Approximately 26,436 shares were traded during trading, a decline of 58% from the average session volume of 62,206 shares. The stock had previously closed at $20.02.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Costamare Bulkers from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Sell rating. According to MarketBeat, Costamare Bulkers currently has a consensus rating of “Sell”.

Costamare Bulkers Stock Down 2.1%

The company has a current ratio of 3.33, a quick ratio of 3.17 and a debt-to-equity ratio of 0.20. The firm has a market cap of $476.28 million, a P/E ratio of 115.29 and a beta of 0.70. The company’s fifty day moving average is $21.55.

Costamare Bulkers (NYSE:CMDB) last posted its earnings results on Monday, August 3rd. The company reported $0.40 EPS for the quarter. Costamare Bulkers had a net margin of 0.64% and a return on equity of 3.82%. The firm had revenue of $111.61 million during the quarter.

Insider Buying and Selling at Costamare Bulkers

In other news, CEO Grigorios Zikos sold 24,203 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $18.30, for a total transaction of $442,914.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hedge Funds Weigh In On Costamare Bulkers

A hedge fund recently raised its position in Costamare Bulkers stock. GAMMA Investing LLC boosted its position in shares of Costamare Bulkers Holdings Ltd (NYSE:CMDB) by 30.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,326 shares of the company’s stock after purchasing an additional 769 shares during the quarter. GAMMA Investing LLC’s holdings in Costamare Bulkers were worth $73,000 at the end of the most recent reporting period.

Costamare Bulkers Company Profile

Costamare Bulkers Inc (NYSE: CMDB) is a dry bulk shipping company that owns and operates vessels used to transport essential commodities around the world. Its fleet serves the international seaborne trade in cargoes such as iron ore, coal, grain and other dry bulk products.

The company’s vessels operate across major global trade routes and are employed through a combination of time-charter, voyage-charter and other commercial arrangements. Its fleet may include several dry bulk vessel classes, allowing Costamare Bulkers to serve a range of cargo sizes and chartering requirements.

Costamare Bulkers was established as a separately traded company following the separation of Costamare Inc’s dry bulk business.