In This Article:
A look at the shareholders of Costamare Inc. (NYSE:CMRE) can tell us which group is most powerful. With 56% stake, individual insiders possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk).
It's interesting to note that insiders have been buying shares recently. So the news of stock price falling by 6.8% is not something they might have been expecting soon after purchasing shares.
Let's delve deeper into each type of owner of Costamare, beginning with the chart below.
Check out our latest analysis for Costamare
What Does The Institutional Ownership Tell Us About Costamare?
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
We can see that Costamare does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Costamare's earnings history below. Of course, the future is what really matters.
Hedge funds don't have many shares in Costamare. The company's CEO Konstantinos Konstantakopoulos is the largest shareholder with 30% of shares outstanding. Christos Konstantakopoulos is the second largest shareholder owning 17% of common stock, and Achillefs Konstantakopoulos holds about 8.9% of the company stock.
To make our study more interesting, we found that the top 3 shareholders have a majority ownership in the company, meaning that they are powerful enough to influence the decisions of the company.
While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.
Insider Ownership Of Costamare
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.