In Tuesday’s session, Costamare Inc. (NYSE:CMRE) marked $11.11 per share, down from $11.17 in the previous session. While Costamare Inc. has underperformed by -0.54%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CMRE fell by -5.29%, with highs and lows ranging from $12.20 to $7.71, whereas the simple moving average jumped by 17.29% in the last 200 days.
On April 24, 2023, Jefferies Downgraded Costamare Inc. (NYSE: CMRE) to Hold.
Analysis of Costamare Inc. (CMRE)
With CMRE’s current dividend of $0.46 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter increase in sales is 26.30%, showing a positive trend in the upcoming months.
Costamare Inc.’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. Taking into account the quick ratio of the company, currently set at 1.60, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and CMRE has an average volume of 764.08K. On a monthly basis, the volatility of the stock is set at 3.74%, whereas on a weekly basis, it is put at 6.77%, with a gain of 15.13% over the past seven days. Furthermore, long-term investors anticipate a median target price of $11.00, showing decline from the present price of $11.11, which can serve as yet another indication of whether CMRE is worth investing in or should be passed over.
How Do You Analyze Costamare Inc. Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 77.90%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 22.60% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in CMRE shares?
The recent increase in stakes in CMRE appears to be a result of several institutional investors and hedge funds increasing their positions. Dimensional Fund Advisors LP’s position in CMRE has increased by 1.38% in the first quarter. The company now owns 7,442,057 shares of the stock, with a value of $71.96 million, following the purchase of 101,331 additional shares during the last quarter. BlackRock Fund Advisors made another decreased to its shares in CMRE during the first quarter, downing its stake by -0.90%. During the last quarter, the company dropped down -21,241 additional shares for a total stake of worth $22.57 million, bringing number of shares owned by the company to 2,333,840.
During the first quarter, Renaissance Technologies LLC subtracted a -217,900 position in CMRE. Goldman Sachs Asset Management LP purchased an additional 0.3 million shares in the last quarter, increasing its holdings by 23.98%, now holding 1.54 million shares worth $14.94 million. At the end of the first quarter, Morgan Stanley Smith Barney LLC decreased its CMRE holdings by -7.14% and now holds 1.32 million CMRE shares valued at $12.77 million with the lessened -0.1 million shares during the period. CMRE shares are owned by institutional investors to the tune of 22.60% at present.