Costamare (NYSE:CMRE) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?
by Doug Wharley · The Cerbat GemCostamare Inc. (NYSE:CMRE – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.94 and traded as high as $15.66. Costamare shares last traded at $15.60, with a volume of 121,079 shares trading hands.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on CMRE shares. Jefferies Financial Group lifted their target price on shares of Costamare from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Costamare in a report on Monday. 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 report on Saturday, November 22nd. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $12.00.
Get Our Latest Analysis on Costamare
Costamare Stock Performance
The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 6.24 and a beta of 1.27. The company has a current ratio of 1.68, a quick ratio of 1.65 and a debt-to-equity ratio of 0.62. The firm has a fifty day simple moving average of $14.29 and a 200-day simple moving average of $11.94.
Costamare (NYSE:CMRE – Get Free Report) last released its earnings results on Tuesday, November 4th. The shipping company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.11. The company had revenue of $225.17 million during the quarter, compared to the consensus estimate of $197.92 million. Costamare had a return on equity of 15.15% and a net margin of 22.23%. Analysts forecast that Costamare Inc. will post 2.52 EPS for the current fiscal year.
Costamare Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Tuesday, October 21st were given a dividend of $0.115 per share. The ex-dividend date was Tuesday, October 21st. This represents a $0.46 dividend on an annualized basis and a yield of 2.9%. Costamare’s dividend payout ratio is presently 18.40%.
Institutional Investors Weigh In On Costamare
Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP boosted its stake in Costamare by 21,575.0% in the first quarter. Quarry LP now owns 3,468 shares of the shipping company’s stock valued at $34,000 after acquiring an additional 3,452 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Costamare by 204.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,897 shares of the shipping company’s stock valued at $63,000 after acquiring an additional 4,635 shares during the last quarter. Focus Partners Wealth acquired a new position in shares of Costamare in the 3rd quarter valued at $66,000. State of Alaska Department of Revenue bought a new position in shares of Costamare in the 3rd quarter worth $79,000. Finally, TD Waterhouse Canada Inc. bought a new position in shares of Costamare in the 2nd quarter worth $84,000. 58.08% of the stock is owned by institutional investors.
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.
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