Campbell & CO Investment Adviser LLC Sells 34,302 Shares of Costamare Inc. $CMRE

Campbell & CO Investment Adviser LLC lessened its stake in Costamare Inc. (NYSE:CMRE) by 19.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,507 shares of the shipping company’s stock after selling 34,302 shares during the quarter. Campbell & CO Investment Adviser LLC owned 0.12% of Costamare worth $1,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new position in Costamare in the first quarter worth about $192,000. Millennium Management LLC bought a new stake in shares of Costamare during the first quarter valued at approximately $6,075,000. Dynamic Technology Lab Private Ltd raised its holdings in Costamare by 13.5% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 19,064 shares of the shipping company’s stock worth $188,000 after acquiring an additional 2,267 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Costamare by 42.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 479,822 shares of the shipping company’s stock valued at $4,721,000 after acquiring an additional 142,372 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in Costamare by 156.9% during the 1st quarter. Jane Street Group LLC now owns 200,984 shares of the shipping company’s stock valued at $1,978,000 after purchasing an additional 122,737 shares during the last quarter. 58.08% of the stock is owned by hedge funds and other institutional investors.

Costamare Price Performance

NYSE CMRE opened at $15.51 on Friday. The company has a 50-day moving average price of $15.51 and a 200-day moving average price of $12.72. Costamare Inc. has a 52 week low of $6.63 and a 52 week high of $16.94. The company has a quick ratio of 1.65, a current ratio of 1.68 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $1.87 billion, a P/E ratio of 6.20 and a beta of 1.24.

Costamare (NYSE:CMRE) last announced its earnings results on Tuesday, November 4th. The shipping company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.11. Costamare had a net margin of 22.23% and a return on equity of 15.15%. The company had revenue of $225.17 million during the quarter, compared to analyst estimates of $197.92 million. Equities research analysts anticipate that Costamare Inc. will post 2.52 earnings per share for the current year.

Costamare Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 5th. Stockholders of record on Tuesday, January 20th will be paid a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, January 20th. Costamare’s dividend payout ratio is 18.40%.

Analyst Upgrades and Downgrades

CMRE has been the subject of several recent analyst reports. Weiss Ratings upgraded Costamare from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Zacks Research lowered Costamare from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Wall Street Zen raised shares of Costamare from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Finally, Jefferies Financial Group boosted their price objective on shares of Costamare from $11.00 to $12.00 and gave the company a “hold” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Costamare presently has a consensus rating of “Hold” and a consensus price target of $12.00.

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.