# Costamare Inc. (CMRE)

> Source: Nexqual · https://nexqual.com/CMRE · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Costamare Inc. (CMRE), nexqual.com/CMRE" · informational, not investment advice.

**Price:** USD 14.15 (+1.07% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 14 · day 13.82–14.32 · 52w 11.37–18.06 · market cap $1.71B · NYQ

## Key facts
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $918K; 1 not under a Rule 10b5-1 plan ($918K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (2 analysts), mean target USD 20 (range 19–21).
- Total return with dividends: 1Y +24.6% vs S&P 500 +14.9%; 5Y +16.2% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD 0.66, revenue estimate $209M.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-07-29 | Zikos Grigorios | Chief Financial Officer | 59,840 | $918K | 100% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 2 analysts; mean target USD 20 (low 19, high 21).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +24.6% | +16.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +24.7% | +3.0% |
| Volatility (annualized) | 31.9% | 36.1% |
| Max drawdown | -22.0% (Mar 2026→Oct 2026) | -52.6% (Jun 2024→May 2025) |

## Peers (Marine Shipping)
SFL (SFL Corporation Ltd) USD 12.34 -0.00% · HOS (Hornbeck Offshore Services, Inc) USD 6.57 -1.94% · CCEC (Capital Clean Energy Carriers C) USD 20.24 +2.07% · NMM (Navios Maritime Partners LP) USD 88.28 -0.02% · SBLK (Star Bulk Carriers Corp.) USD 28.65 -0.59% · ZIM (ZIM Integrated Shipping Service) USD 29.08 -0.24%

## More
Full page: https://nexqual.com/CMRE · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in CMRE's own 20-F filed 2026-03-04 (https://www.sec.gov/Archives/edgar/data/1503584/000114036126007868/ef20064083_20f.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Costamare Bulkers Holdings Ltd (CMDB) | "On May 5, 2025, we entered into the Separation and Distribution Agreement with Costamare Bulkers, which governed the separation of the assets," |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.66 | $0.68 | -2.9% | $209.1M | 1 |
| Next quarter (ends 2026-12-31) | $0.61 | $0.56 | +8.9% | $203.9M | 1 |
| Current fiscal year (ends 2026-12-31) | $2.74 | $2.90 | -5.5% | $833.3M | 1 |
| Next fiscal year (ends 2027-12-31) | $2.78 | $2.80 | -0.7% | $830.7M | 1 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-03): ±8.8%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 38.9% | ±8.8% |
| 2026-12-18 | 56 | 36.1% | ±11.5% |
| 2027-03-19 | 147 | 37.0% | ±18.6% |
| 2027-06-17 | 237 | 40.3% | ±25.8% |