Costamare Inc. $CMRE Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its holdings in Costamare Inc. (NYSE:CMRE) by 9.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 298,854 shares of the shipping company’s stock after selling 31,618 shares during the quarter. New York State Common Retirement Fund owned approximately 0.25% of Costamare worth $3,559,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. American Century Companies Inc. increased its holdings 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 acquired a new stake in shares of Costamare in the third quarter valued at about $1,796,000. JPMorgan Chase & Co. raised its holdings in shares of Costamare by 81.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,030,194 shares of the shipping company’s stock valued at $9,385,000 after buying an additional 462,582 shares during the period. Integrated Quantitative Investments LLC acquired a new position in Costamare during the 2nd quarter worth approximately $544,000. Finally, SG Americas Securities LLC acquired a new stake in Costamare in the third quarter valued at approximately $398,000. 58.08% of the stock is owned by institutional investors and hedge funds.

Costamare Trading Up 2.2%

Shares of NYSE:CMRE opened at $15.93 on Friday. 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 company’s 50-day moving average price is $15.95 and its 200 day moving average price is $13.44. The company has a market cap of $1.92 billion, a PE ratio of 6.37 and a beta of 1.24. Costamare Inc. has a fifty-two week low of $6.63 and a fifty-two week high of $17.50.

Costamare Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 5th. Shareholders of record on Tuesday, January 20th were paid a dividend of $0.115 per share. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a $0.46 annualized dividend and a yield of 2.9%. Costamare’s dividend payout ratio (DPR) is presently 18.40%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Costamare from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Zacks Research lowered Costamare from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Weiss Ratings raised Costamare from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Finally, Jefferies Financial Group lifted their price objective on Costamare from $11.00 to $12.00 and gave the stock 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price 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.