Bridgeway Capital Management LLC boosted its stake in shares of Costamare Inc. (NYSE:CMRE - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,546,489 shares of the shipping company's stock after purchasing an additional 29,354 shares during the period. Bridgeway Capital Management LLC owned approximately 1.31% of Costamare worth $19,872,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Sterling Capital Management LLC grew its holdings in shares of Costamare by 3.7% during the fourth quarter. Sterling Capital Management LLC now owns 32,113 shares of the shipping company's stock valued at $413,000 after buying an additional 1,141 shares during the last quarter. Kendall Capital Management grew its stake in Costamare by 0.6% during the 4th quarter. Kendall Capital Management now owns 242,374 shares of the shipping company's stock valued at $3,115,000 after purchasing an additional 1,370 shares during the last quarter. DGS Capital Management LLC grew its stake in Costamare by 7.9% during the 4th quarter. DGS Capital Management LLC now owns 23,378 shares of the shipping company's stock valued at $300,000 after purchasing an additional 1,719 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Costamare by 3.2% in the fourth quarter. Stifel Financial Corp now owns 59,433 shares of the shipping company's stock worth $764,000 after purchasing an additional 1,832 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Costamare by 27.1% in the fourth quarter. Legal & General Group Plc now owns 8,909 shares of the shipping company's stock worth $114,000 after purchasing an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 58.08% of the company's stock.
Costamare Price Performance
NYSE:CMRE opened at $9.46 on Tuesday. The company has a 50 day moving average price of $9.60 and a 200-day moving average price of $11.59. Costamare Inc. has a 1-year low of $8.11 and a 1-year high of $17.58. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 3.88 and a beta of 1.13. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.65 and a quick ratio of 1.56.
Costamare (NYSE:CMRE - Get Free Report) last posted its earnings results on Wednesday, February 5th. The shipping company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.03. Costamare had a net margin of 15.14% and a return on equity of 14.03%. Equities research analysts forecast that Costamare Inc. will post 2.52 EPS for the current year.
Costamare Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 6th. Investors of record on Thursday, April 17th will be paid a $0.115 dividend. The ex-dividend date is Thursday, April 17th. This represents a $0.46 dividend on an annualized basis and a yield of 4.87%. Costamare's dividend payout ratio is currently 18.85%.
Analyst Ratings Changes
A number of equities analysts have issued reports on CMRE shares. Jefferies Financial Group reissued a "hold" rating and set a $13.00 price target on shares of Costamare in a research report on Wednesday, February 5th. StockNews.com began coverage on shares of Costamare in a report on Tuesday, April 29th. They issued a "hold" rating on the stock.
Check Out Our Latest Stock Report on CMRE
About Costamare
(
Free Report)
Read More
Want to see what other hedge funds are holding CMRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costamare Inc. (NYSE:CMRE - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Costamare, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Costamare wasn't on the list.
While Costamare currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
