Mackenzie Financial Corp Purchases 29,331 Shares of Costamare Inc. (NYSE:CMRE)

Mackenzie Financial Corp raised its position in shares of Costamare Inc. (NYSE:CMRE - Free Report) by 239.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,555 shares of the shipping company's stock after purchasing an additional 29,331 shares during the period. Mackenzie Financial Corp's holdings in Costamare were worth $534,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CMRE. SG Americas Securities LLC raised its position in Costamare by 128.0% during the fourth quarter. SG Americas Securities LLC now owns 18,360 shares of the shipping company's stock valued at $236,000 after acquiring an additional 10,308 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Costamare by 68.2% during the 4th quarter. Blue Trust Inc. now owns 12,432 shares of the shipping company's stock worth $160,000 after purchasing an additional 5,039 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Costamare by 5.1% during the 4th quarter. Empowered Funds LLC now owns 602,062 shares of the shipping company's stock valued at $7,736,000 after purchasing an additional 29,354 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Costamare by 10.9% in the 4th quarter. Principal Financial Group Inc. now owns 65,638 shares of the shipping company's stock valued at $843,000 after purchasing an additional 6,461 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of Costamare by 4.2% in the 4th quarter. New York State Common Retirement Fund now owns 223,565 shares of the shipping company's stock valued at $2,873,000 after purchasing an additional 9,100 shares during the last quarter. Institutional investors own 58.08% of the company's stock.

Costamare Stock Performance

Shares of CMRE stock traded up $0.23 during trading hours on Thursday, reaching $8.89. 332,162 shares of the company's stock were exchanged, compared to its average volume of 463,594. Costamare Inc. has a fifty-two week low of $6.63 and a fifty-two week high of $17.58. The company has a quick ratio of 1.56, a current ratio of 1.65 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $1.07 billion, a P/E ratio of 3.64 and a beta of 1.13. The business has a fifty day moving average price of $8.82 and a 200-day moving average price of $10.79.

Costamare (NYSE:CMRE - Get Free Report) last released its earnings results on Thursday, May 8th. The shipping company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.52 by $0.09. Costamare had a net margin of 15.14% and a return on equity of 14.03%. The firm had revenue of $440.54 million during the quarter, compared to analysts' expectations of $330.14 million. Analysts predict that Costamare Inc. will post 2.52 EPS for the current fiscal year.

Costamare Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 6th. Stockholders of record on Thursday, April 17th were given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date was Thursday, April 17th. Costamare's dividend payout ratio is currently 18.85%.

Analyst Upgrades and Downgrades

CMRE has been the topic of several analyst reports. Jefferies Financial Group reissued a "hold" rating and set a $13.00 target price on shares of Costamare in a research report on Wednesday, February 5th. Wall Street Zen initiated coverage on shares of Costamare in a research note on Thursday, May 15th. They issued a "hold" rating on the stock.

Costamare Profile