State of Wyoming Buys 34,913 Shares of Costamare Inc. $CMRE

State of Wyoming grew its position in shares of Costamare Inc. (NYSE:CMRE) by 95.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,640 shares of the shipping company’s stock after acquiring an additional 34,913 shares during the quarter. State of Wyoming owned 0.06% of Costamare worth $853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Unison Advisors LLC lifted its position in shares of Costamare by 1.3% during the second quarter. Unison Advisors LLC now owns 85,876 shares of the shipping company’s stock valued at $782,000 after purchasing an additional 1,099 shares in the last quarter. The Manufacturers Life Insurance Company boosted 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 last quarter. Rhumbline Advisers boosted its position in Costamare by 3.1% in the second quarter. Rhumbline Advisers now owns 71,238 shares of the shipping company’s stock worth $649,000 after purchasing an additional 2,145 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its position in shares of 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 last quarter. Finally, Spirepoint Private Client LLC increased its position in shares of Costamare by 30.4% during the 3rd quarter. Spirepoint Private Client LLC now owns 19,314 shares of the shipping company’s stock valued at $230,000 after purchasing an additional 4,497 shares during the last quarter. Institutional investors own 58.08% of the company’s stock.

Costamare Price Performance

Costamare stock opened at $17.33 on Tuesday. Costamare Inc. has a one year low of $6.63 and a one year high of $17.36. The business has a fifty day moving average price of $15.88 and a 200-day moving average price of $13.28. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.68 and a quick ratio of 1.65. The firm has a market capitalization of $2.08 billion, a P/E ratio of 6.93 and a beta of 1.24.

Costamare (NYSE:CMRE) last issued its quarterly earnings data on Tuesday, November 4th. The shipping company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.11. The business had revenue of $225.17 million for the quarter, compared to analysts’ expectations of $197.92 million. Costamare had a return on equity of 15.15% and a net margin of 22.23%. As a group, equities research analysts forecast that Costamare Inc. will post 2.52 EPS for the current year.

Costamare Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CMRE shares. Weiss Ratings upgraded shares of Costamare from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. 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 note on Tuesday, November 4th. Zacks Research lowered Costamare from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 21st. Finally, Wall Street Zen upgraded Costamare from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $12.00.

Costamare 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.