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Costamare ( (CMRE) ) has issued an announcement.
On May 7, 2025, Costamare Inc. announced the completion of the spin-off of its dry bulk business into a separate public entity, Costamare Bulkers Holdings Limited. This strategic move positions Costamare Inc. as a predominantly global container shipping provider while maintaining its maritime leasing operations. The spin-off allows Costamare Bulkers to begin trading on the NYSE under the ticker ‘CMDB’, with Costamare Inc. continuing under ‘CMRE’. This restructuring is expected to enhance the company’s focus and potentially benefit shareholders.
Spark’s Take on CMRE Stock
According to Spark, TipRanks’ AI Analyst, CMRE is a Neutral.
Costamare’s overall stock score reflects strong financial health and an attractive valuation, making it appealing from a fundamental perspective. However, the technical indicators suggest bearish momentum, which could be a short-term headwind. The positive sentiment from the earnings call is somewhat tempered by market risks, particularly in the dry bulk segment.
To see Spark’s full report on CMRE stock, click here.
More about Costamare
Costamare Inc. is a leading global provider of containerships for charter, boasting a 51-year history in the international shipping industry. The company owns a fleet of 68 containerships with a total capacity of approximately 513,000 TEU and is also involved in maritime leasing. Its stocks, including common and preferred shares, are traded on the New York Stock Exchange.
Average Trading Volume: 523,667
Technical Sentiment Signal: Sell
Current Market Cap: $1.11B
See more data about CMRE stock on TipRanks’ Stock Analysis page.