Rhumbline Advisers Sells 2,622 Shares of Costamare Inc. $CMRE

Posted by Defense World Staff on Sep 22nd, 2025

Rhumbline Advisers trimmed its stake in Costamare Inc. (NYSE:CMRE – Free Report) by 3.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,093 shares of the shipping company’s stock after selling 2,622 shares during the quarter. Rhumbline Advisers owned approximately 0.06% of Costamare worth $680,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CMRE. Quarry LP lifted its position in shares of Costamare by 21,575.0% in the first quarter. Quarry LP now owns 3,468 shares of the shipping company’s stock valued at $34,000 after buying an additional 3,452 shares during the last quarter. New Age Alpha Advisors LLC lifted its position in shares of Costamare by 89.4% in the first quarter. New Age Alpha Advisors LLC now owns 7,393 shares of the shipping company’s stock valued at $73,000 after buying an additional 3,489 shares during the last quarter. Man Group plc acquired a new stake in shares of Costamare in the fourth quarter valued at approximately $133,000. Aigen Investment Management LP acquired a new stake in shares of Costamare in the first quarter valued at approximately $150,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Costamare in the fourth quarter valued at approximately $155,000. 58.08% of the stock is owned by institutional investors and hedge funds.

Costamare Stock Performance

CMRE opened at $12.28 on Monday. Costamare Inc. has a 12-month low of $6.63 and a 12-month high of $15.96. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 5.20 and a beta of 1.29. The business has a 50 day moving average of $11.02 and a 200-day moving average of $9.82. The company has a quick ratio of 1.64, a current ratio of 1.68 and a debt-to-equity ratio of 0.65.

Costamare (NYSE:CMRE – Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The shipping company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.29. Costamare had a return on equity of 13.67% and a net margin of 17.10%.The company had revenue of $211.20 million during the quarter, compared to analysts’ expectations of $209.72 million. During the same period last year, the firm posted $0.76 earnings per share. On average, equities research analysts expect that Costamare Inc. will post 2.52 earnings per share for the current year.

Costamare Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Monday, July 21st were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Monday, July 21st. Costamare’s dividend payout ratio (DPR) is presently 19.49%.