CMDB
Costamare Bulkers Holdings LtdIndustrials·Marine Shipping
$16.14
$390M market cap
Revenue
$218.5M
Free Cash Flow
$25.9M
Rev Growth
+0.0%
FCF Margin
11.9%
P/FCF
15.0x
EV/FCF
14.3x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Costamare Bulkers Holdings Limited is an international operator of dry bulk vessels, providing transportation services for major commodities such as grain, coal, and iron ore. The Company manages vessel chartering and freight contracts through its integrated dry bulk platform. Headquartered in Monaco, it was established as a spin-off from Costamare Inc.
2-Year Price History
$17.83+32.1%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2025-Q4 | 218.5 | -5.8 | -2.6 | -18.2 | 26.4 | 26.0 | -0.5 | 248.8 | 228.7 | 24.2 | -2.2% | -1.8x | -- |
Valuation & Metrics
Market Stats
Price$16.14
Market Cap$390M
Enterprise Value$370M
P/S Ratio1.8x
P/FCF15.0x
EV/FCF14.3x
FCF Margin (TTM)11.9%
FCF Yield6.6%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$218.5M
Net Income$-18.2M
Free Cash Flow$25.9M
Revenue Growth (YoY)+0.0%
EBITDA Margin-2.7%
Net Margin-8.3%
FCF Margin11.9%
CapEx % of Revenue0.2%
SBC % of Revenue0.4%
ROIC-2.2%
WC Change % Rev0.0%
Interest Coverage-1.8x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.2M
Days to Cover3.3
Change (vs Prior)+0.7%
Need at least 2 settlement dates for chart
Employees
Headcount1,120
Revenue / Employee$195,074
Gross Profit / Employee$25,286
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
10.0%(+5.4% YoY)
86 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
7.8%(+3.0% YoY)
7 filers
Vanguard, iShares, SPDR
Market makers
0.2%(+0.0% YoY)
2 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| DIMENSIONAL FUND ADVISORS LPPassive | $20.2M | $8.67 | −$776K | +$20.2M | -0.4% | $480.92B |
| BlackRock, Inc.Passive | $8.3M | $8.99 | +$40K | +$8.3M | -0.2% | $5.69T |
| AMERIPRISE FINANCIAL INC | $5.8M | $15.47 | +$5.8M | +$5.8M | -0.1% | $430.96B |
| AMERICAN CENTURY COMPANIES INC | $5.0M | $10.71 | +$728K | +$5.0M | +0.7% | $193.48B |
| Oceanic Investment Management LTD | $4.0M | $15.42 | +$787K | +$4.0M | +34.0% | $118M |
| RENAISSANCE TECHNOLOGIES LLC | $3.2M | $11.07 | +$1.0M | +$3.2M | +1.2% | $63.91B |
| MORGAN STANLEY | $2.5M | $8.67 | −$292K | +$2.5M | -0.3% | $1.65T |
| STATE STREET CORPPassive | $2.2M | $8.72 | +$17K | +$2.2M | -0.2% | $2.89T |
| Qube Research & Technologies Ltd | $1.9M | $9.51 | +$66K | +$1.9M | +0.3% | $70.36B |
| Walleye Capital LLC | $1.8M | $15.45 | +$1.3M | +$1.8M | -14.9% | $15.09B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $1.7M | $9.01 | +$20K | +$1.7M | +2.3% | $1.61T |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $1.6M | $8.67 | −$278K | +$1.6M | -2.3% | $4.93B |
| Nuveen, LLC | $1.6M | $14.00 | −$317K | +$1.6M | +0.0% | $368.63B |
| Russell Investments Group, Ltd. | $1.5M | $9.81 | +$134K | +$1.5M | +1.5% | $93.03B |
| BOOTHBAY FUND MANAGEMENT, LLC | $1.4M | $15.20 | +$361K | +$1.4M | -0.4% | $4.25B |
| GOLDMAN SACHS GROUP INC | $1.1M | $11.53 | −$87K | +$1.1M | -0.2% | $760.93B |
| Quantinno Capital Management LP | $961K | $12.82 | +$195K | +$961K | -0.4% | $59.83B |
| BANK OF AMERICA CORP /DE/ | $928K | $14.96 | +$508K | +$928K | -0.1% | $1.36T |
| CITADEL ADVISORS LLC | $900K | $14.37 | −$18K | +$900K | -0.4% | $138.22B |
| MARSHALL WACE, LLP | $880K | $15.47 | +$880K | +$880K | +0.6% | $92.71B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BULLISH
Holders
+2.48%
avg per quarter
Holders (ex-self)
+2.57%
excl. this stock
Buyers (this Q)
+0.58%
42 buyers · $0.02B in
Sellers (this Q)
-0.09%
26 sellers · $0.00B out
alpha coverage: 99% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
-1.9%
how holders react when this stock falls
On quiet Qs
-2.0%
−10% to +10% baseline
On rallies (+10%+)
-11.9%
how they react when this stock rises
Holders' portfolio flow this Q
+1.2%
inflows — adds are organic
Sellers' portfolio flow this Q
-3.8%
Sellers shed AUM broadly — partly forced.
Biggest decreases this quarter
DIMENSIONAL FUND ADVISORS LP−$776Kα-0.4Schonfeld Strategic Advisors LLC−$722Kα+1.3Nuveen, LLC−$317Kα+0.0MORGAN STANLEY−$292Kα-0.3BRIDGEWAY CAPITAL MANAGEMENT, LLC−$278Kα-2.3Mariner, LLCexited−$198KInvesco Ltd.exited−$183KVerition Fund Management LLCexited−$175KGOLDMAN SACHS GROUP INC−$87Kα-0.2CHARLES SCHWAB INVESTMENT MANAGEMENT INC−$38Kα+0.7
New buyers this quarter
Top-5 holders · 54.9%
DIMENSIONAL FUND ADVISORS LP--
BlackRock, Inc.--
AMERIPRISE FINANCIAL INC--
AMERICAN CENTURY COMPANIES INC--
Oceanic Investment Management LTD--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
AMERIPRISE FINANCIAL INC377KAMERICAN CENTURY COMPANIES INC321KOceanic Investment Management LTD256KRENAISSANCE TECHNOLOGIES LLC204KMORGAN STANLEY159KBRIDGEWAY CAPITAL MANAGEMENT, LLC102KACADIAN ASSET MANAGEMENT LLC—Qube Research & Technologies Ltd122KNuveen, LLC102KWalleye Capital LLC115K
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$982
1 txn · 1 insider · 65 sh
Sells ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-03-27 | BUY | Eleftheriou Katerina | director | 65 | $15.11 | $982 | $13K |
Order Flow (FINRA, ~3w lag)
13.2%retail-7.7pp
15.4%dark+2.4pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.