Unison Advisors LLC Has $718,000 Stock Position in Costamare Inc. $CMRE

Unison Advisors LLC lessened its stake in Costamare Inc. (NYSE:CMRE) by 58.1% in the 4th quarter, HoldingsChannel reports. The fund owned 45,500 shares of the shipping company’s stock after selling 63,081 shares during the quarter. Unison Advisors LLC’s holdings in Costamare were worth $718,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Jackson Creek Investment Advisors LLC acquired a new position in shares of Costamare during the third quarter worth approximately $1,917,000. CWA Asset Management Group LLC bought a new position in Costamare in the 3rd quarter worth approximately $1,796,000. New York State Common Retirement Fund raised its position in Costamare by 52.5% in 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 purchasing an additional 113,757 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Costamare by 81.5% during 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 position in Costamare during the 3rd quarter worth $398,000. 58.08% of the stock is owned by institutional investors.

Costamare Trading Up 0.1%

NYSE CMRE opened at $17.31 on Monday. Costamare Inc. has a 12 month low of $6.63 and a 12 month high of $17.91. The stock has a 50-day simple moving average of $16.82 and a 200 day simple moving average of $15.06. The company has a current ratio of 1.73, a quick ratio of 1.70 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $2.08 billion, a PE ratio of 6.07 and a beta of 1.22.

Costamare (NYSE:CMRE) last issued its earnings results on Sunday, February 15th. The shipping company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.14). The company had revenue of $200.18 million for the quarter, compared to the consensus estimate of $204.00 million. Costamare had a return on equity of 15.52% and a net margin of 33.19%.The business’s quarterly revenue was down 6.9% compared to the same quarter last year. Research analysts forecast 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 Tuesday, May 5th. Investors of record on Monday, April 20th will be paid a dividend of $0.115 per share. The ex-dividend date of this dividend is Monday, April 20th. This represents a $0.46 annualized dividend and a yield of 2.7%. Costamare’s dividend payout ratio (DPR) is presently 16.14%.

Analyst Ratings Changes

A number of brokerages have commented on CMRE. Weiss Ratings lowered Costamare from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, March 5th. Wall Street Zen raised Costamare from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.