Jackson Creek Investment Advisors LLC Makes New $1.92 Million Investment in Costamare Inc. $CMRE

Jackson Creek Investment Advisors LLC acquired a new stake in Costamare Inc. (NYSE:CMRE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 160,990 shares of the shipping company’s stock, valued at approximately $1,917,000. Jackson Creek Investment Advisors LLC owned 0.13% of Costamare as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. increased its stake in Costamare by 10.5% in the 2nd quarter. American Century Companies Inc. now owns 1,322,039 shares of the shipping company’s stock valued at $12,044,000 after purchasing an additional 125,533 shares in the last quarter. CWA Asset Management Group LLC purchased a new position in shares of Costamare in the third quarter valued at $1,796,000. New York State Common Retirement Fund raised its stake in shares of Costamare by 52.5% during the 2nd quarter. New York State Common Retirement Fund now owns 330,472 shares of the shipping company’s stock worth $3,011,000 after buying an additional 113,757 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Costamare by 81.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,030,194 shares of the shipping company’s stock worth $9,385,000 after buying an additional 462,582 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Costamare in the 3rd quarter valued at about $398,000. 58.08% of the stock is owned by institutional investors and hedge funds.

Costamare Stock Performance

NYSE CMRE opened at $17.33 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.68 and a quick ratio of 1.65. Costamare Inc. has a 1-year low of $6.63 and a 1-year high of $17.36. The firm has a market capitalization of $2.08 billion, a P/E ratio of 6.93 and a beta of 1.24. The business’s 50-day simple moving average is $15.88 and its 200-day simple moving average is $13.28.

Costamare (NYSE:CMRE) last announced its quarterly 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 return on equity of 15.15% and a net margin of 22.23%.The firm had revenue of $225.17 million during the quarter, compared to the consensus estimate of $197.92 million. Equities analysts predict that Costamare Inc. will post 2.52 EPS for the current year.

Costamare Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Tuesday, January 20th will be issued a $0.115 dividend. The ex-dividend date is Tuesday, January 20th. This represents a $0.46 dividend on an annualized basis and a yield of 2.7%. Costamare’s payout ratio is currently 18.40%.

Wall Street Analysts Forecast Growth

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

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.