10% Shareholder Files Intent to Sell $1.2M in Shares, Continuing Recent Trend
CMRE sits 74% above its 52-week low of $8.83.
Summary
A 10% shareholder of Costamare Inc. has filed a Form 144 to sell approximately $1.2 million in shares, extending a recent pattern of significant insider selling.
Key Events · Ownership and Investor Activity · CMRE
-
Intent to Sell Shares
Christos Konstantakopoulos, a 10% shareholder, filed a Form 144 indicating intent to sell 77,754 common shares, valued at approximately $1,196,120.88.
-
Continuation of Selling Pattern
This filing extends a series of similar Form 144 filings by 10% shareholders, including Christos Konstantakopoulos, over the past three months, signaling an ongoing trend of share dispositions.
-
Significant Prior Sales
The same filer has already sold 1,052,275 shares for gross proceeds of $17,768,240.29 in the last three months, prior to this new intent to sell.
Analysis · CMRE · Energy & Transportation
This Form 144 indicates a 10% shareholder's intent to sell an additional $1.2 million in shares. This is part of an ongoing pattern of share dispositions by significant shareholders, including the same filer, over the past three months, totaling over $17.7 million in sales. While not a new event, the continued selling by a major shareholder can create an overhang on the stock.
At the time of this filing, CMRE was trading at $15.34 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $8.83 to $18.06. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.