Costamare ( (CMRE) ) just unveiled an update.
On April 17, 2025, Costamare Inc. announced the spin-off of its dry bulk business into a standalone entity, Costamare Bulkers Holdings Limited. The spin-off is set to be completed through a pro rata distribution to Costamare Inc. shareholders on May 6, 2025, with the record date for distribution set for April 29, 2025. The newly formed Costamare Bulkers will own a fleet of 38 dry bulk vessels and will be listed on the NYSE under the ticker symbol ‘CMDB’. This strategic move is expected to enhance Costamare’s operational focus and provide shareholders with distinct investment opportunities in the containership and dry bulk sectors.
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 owner and provider of containerships for charter, with a history spanning 51 years in the international shipping industry. The company operates a fleet of 68 owned containerships with a total capacity of approximately 513,000 TEU and also engages in a leasing business. Costamare Inc.’s common and preferred stocks are traded on the New York Stock Exchange under various symbols.
YTD Price Performance: -30.24%
Average Trading Volume: 511,571
Technical Sentiment Signal: Buy
Current Market Cap: $1.07B
See more insights into CMRE stock on TipRanks’ Stock Analysis page.