JPMorgan Chase & Co. Has $13.83 Million Stock Position in Costamare Inc. $CMRE

JPMorgan Chase & Co. lifted its position in shares of Costamare Inc. (NYSE:CMRE) by 12.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,161,408 shares of the shipping company’s stock after acquiring an additional 131,214 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.97% of Costamare worth $13,832,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position 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 worth $140,000 after purchasing an additional 1,148 shares during the period. Rhumbline Advisers lifted its position in Costamare by 3.1% during the 2nd quarter. Rhumbline Advisers now owns 71,238 shares of the shipping company’s stock valued at $649,000 after purchasing an additional 2,145 shares during the period. Dynamic Technology Lab Private Ltd lifted its position in Costamare by 13.5% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 19,064 shares of the shipping company’s stock valued at $188,000 after purchasing an additional 2,267 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Costamare by 7.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 33,747 shares of the shipping company’s stock valued at $402,000 after purchasing an additional 2,275 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Costamare by 84.4% in the 3rd 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 during the last quarter. Institutional investors and hedge funds own 58.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CMRE. Wall Street Zen upgraded shares of Costamare from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings cut shares of Costamare from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, March 5th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.00.

Costamare Trading Down 1.7%

NYSE CMRE opened at $16.57 on Friday. Costamare Inc. has a 12 month low of $6.63 and a 12 month high of $17.91. The stock has a 50-day simple moving average of $16.70 and a 200 day simple moving average of $14.87. The company has a current ratio of 1.73, a quick ratio of 1.70 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $1.99 billion, a PE ratio of 5.81 and a beta of 1.21.

Costamare (NYSE:CMRE) last issued its 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 company 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 quarterly revenue was down 6.9% compared to the same quarter last year. Research analysts forecast that Costamare Inc. will post 2.52 EPS for the current year.

Costamare Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 5th. Investors of record on Tuesday, January 20th were given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Tuesday, January 20th. Costamare’s dividend payout ratio (DPR) is currently 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.