Is Costamare Inc (CMRE) A Good Stock To Buy?

With a general bullishness amongst the heavyweights, key money managers have jumped into Costamare Inc (NYSE:CMRE) headfirst. Highbridge Capital Management, led by Glenn Russell Dubin, established the most outsized position in Costamare Inc (NYSE:CMRE). Highbridge Capital Management had $0.5 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also made a $0.4 million investment in the stock during the quarter. The other funds with brand new CMRE positions are Peter Algert and Kevin Coldiron’s Algert Coldiron Investors, George Hall’s Clinton Group, and Roger Ibbotson’s Zebra Capital Management.

Let’s now review hedge fund activity in other stocks similar to Costamare Inc (NYSE:CMRE). These stocks are The Marcus Corporation (NYSE:MCS), National Bank Holdings Corp (NYSE:NBHC), Customers Bancorp Inc (NASDAQ:CUBI), and PROS Holdings, Inc. (NYSE:PRO). This group of stocks’ market values resemble CMRE’s market value.

As you can see these stocks had an average of 8 hedge funds with bullish positions and the average amount invested in these stocks was $50 million. That figure was $22 million in CMRE’s case. National Bank Holdings Corp (NYSE:NBHC) is the most popular stock in this table. On the other hand PROS Holdings, Inc. (NYSE:PRO) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks Costamare Inc (NYSE:CMRE) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None