American Century Companies Inc. Has $17.87 Million Position in Costamare Inc. $CMRE

American Century Companies Inc. raised its position in Costamare Inc. (NYSE:CMRE) by 13.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,500,464 shares of the shipping company’s stock after purchasing an additional 178,425 shares during the period. American Century Companies Inc. owned approximately 1.25% of Costamare worth $17,871,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of Costamare by 12.7% during the third quarter. JPMorgan Chase & Co. now owns 1,161,408 shares of the shipping company’s stock worth $13,832,000 after purchasing an additional 131,214 shares during the period. Vanguard Group Inc. grew its position in shares of Costamare by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 769,557 shares of the shipping company’s stock valued at $9,165,000 after purchasing an additional 19,385 shares during the period. Marshall Wace LLP increased its stake in Costamare by 527.7% during the 2nd quarter. Marshall Wace LLP now owns 703,932 shares of the shipping company’s stock worth $6,413,000 after purchasing an additional 591,785 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Costamare by 2.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 677,852 shares of the shipping company’s stock worth $6,175,000 after purchasing an additional 16,245 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in Costamare during the 1st quarter worth approximately $6,075,000. 58.08% of the stock is currently owned by institutional investors and hedge funds.

Costamare Stock Performance

CMRE opened at $17.02 on Wednesday. The business’s 50-day simple moving average is $16.50 and its 200 day simple moving average is $14.45. Costamare Inc. has a 52-week low of $6.63 and a 52-week high of $17.91. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.70 and a current ratio of 1.73. The firm has a market capitalization of $2.05 billion, a PE ratio of 5.97 and a beta of 1.21.

Costamare (NYSE:CMRE) last posted its quarterly earnings results on Wednesday, February 18th. The shipping company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.14). Costamare had a net margin of 33.19% and a return on equity of 15.52%. The company had revenue of $200.18 million during the quarter, compared to the consensus estimate of $204.00 million. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. As a group, sell-side analysts expect that Costamare Inc. will post 2.52 earnings per share for the current fiscal year.

Costamare Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 5th. Investors of record on Tuesday, January 20th were paid a $0.115 dividend. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a $0.46 annualized dividend and a dividend yield of 2.7%. Costamare’s dividend payout ratio (DPR) is currently 16.14%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Weiss Ratings lowered shares of Costamare from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, March 5th. Wall Street Zen lowered shares of Costamare from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Costamare presently has an average 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.