UBS Group AG Raises Position in Costamare Inc. $CMRE

UBS Group AG grew its position in Costamare Inc. (NYSE:CMRE) by 75.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 212,959 shares of the shipping company’s stock after acquiring an additional 91,584 shares during the period. UBS Group AG owned about 0.18% of Costamare worth $3,363,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its holdings in shares of 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 in the last quarter. ST Germain D J Co. Inc. purchased a new stake in Costamare during the fourth quarter worth about $29,000. Allspring Global Investments Holdings LLC boosted its holdings in Costamare by 9.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 24,092 shares of the shipping company’s stock worth $378,000 after buying an additional 2,138 shares in the last quarter. Rhumbline Advisers boosted its holdings in Costamare by 3.1% during the second quarter. Rhumbline Advisers now owns 71,238 shares of the shipping company’s stock worth $649,000 after buying an additional 2,145 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in Costamare by 13.5% during the first quarter. Dynamic Technology Lab Private Ltd now owns 19,064 shares of the shipping company’s stock worth $188,000 after buying an additional 2,267 shares in the last quarter. Hedge funds and other institutional investors own 58.08% of the company’s stock.

Wall Street Analysts Forecast Growth

CMRE has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Costamare from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Wall Street Zen downgraded shares of Costamare from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Fearnley Fonds raised shares of Costamare from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $12.00.

Costamare Stock Up 0.0%

CMRE stock opened at $16.43 on Monday. The company has a market cap of $1.98 billion, a P/E ratio of 6.13 and a beta of 1.10. Costamare Inc. has a 52 week low of $8.20 and a 52 week high of $18.06. The company’s 50-day moving average price is $16.97 and its 200 day moving average price is $16.27. The company has a current ratio of 1.96, a quick ratio of 1.92 and a debt-to-equity ratio of 0.56.

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

Costamare Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 5th. Shareholders of record on Monday, April 20th were issued a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, April 20th. 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.