10% Shareholder Christos Konstantakopoulos Files Intent to Sell $585K in Shares, Continuing Recent Disposition Trend
CMRE sits 64% above its 52-week low of $8.95.
Summary
A 10% shareholder, Christos Konstantakopoulos, has filed a Form 144 to sell $585,154 worth of shares, continuing a pattern of significant dispositions over the last three months.
Key Events · Ownership and Investor Activity · CMRE
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Intent to Sell Shares
Christos Konstantakopoulos, a 10% shareholder, filed a Form 144 to sell 39,833 common shares, valued at approximately $585,154.74.
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Continuation of Selling Pattern
This filing extends a recent trend of dispositions by the same shareholder, who has filed multiple Form 144s in the past 90 days.
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Significant Cumulative Sales
Including this proposed sale, Christos Konstantakopoulos has indicated intent to sell or has already sold over $20.7 million in shares over the last three months.
Analysis · CMRE · Energy & Transportation
This Form 144 indicates a 10% shareholder's intent to sell an additional $585,154 in Costamare shares. This filing is part of an ongoing pattern of dispositions by Christos Konstantakopoulos, who has already sold over $20 million in shares in the past three months. The cumulative selling by a significant shareholder could create an overhang on the stock.
At the time of this filing, CMRE was trading at $14.70 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $8.95 to $18.06. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.