Costamare Inc. (NYSE:CMRE) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC decreased its position in Costamare Inc. (NYSE:CMRE - Free Report) by 29.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 310,210 shares of the shipping company's stock after selling 130,572 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.26% of Costamare worth $3,986,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. grew its holdings in Costamare by 87.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 550,301 shares of the shipping company's stock valued at $7,071,000 after buying an additional 257,422 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Costamare by 18.8% during the 4th quarter. American Century Companies Inc. now owns 1,077,400 shares of the shipping company's stock worth $13,845,000 after acquiring an additional 170,412 shares during the last quarter. Essential Planning LLC. bought a new stake in shares of Costamare during the 4th quarter worth approximately $1,718,000. JPMorgan Chase & Co. raised its position in Costamare by 33.3% during the 4th quarter. JPMorgan Chase & Co. now owns 452,504 shares of the shipping company's stock valued at $5,815,000 after purchasing an additional 112,938 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Costamare during the 4th quarter valued at $1,399,000. Hedge funds and other institutional investors own 58.08% of the company's stock.

Costamare Stock Up 1.3%

Shares of NYSE:CMRE traded up $0.11 on Friday, reaching $8.58. The company had a trading volume of 615,272 shares, compared to its average volume of 469,226. Costamare Inc. has a 52-week low of $6.63 and a 52-week high of $17.58. The firm's 50 day simple moving average is $8.91 and its 200-day simple moving average is $10.86. The firm has a market capitalization of $1.03 billion, a PE ratio of 3.52 and a beta of 1.13. The company has a current ratio of 1.65, a quick ratio of 1.56 and a debt-to-equity ratio of 0.73.

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

Costamare Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 6th. Investors of record on Thursday, April 17th were paid a dividend of $0.115 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $0.46 annualized dividend and a yield of 5.36%. Costamare's dividend payout ratio (DPR) is 18.85%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CMRE shares. Jefferies Financial Group reiterated a "hold" rating and issued a $13.00 price target on shares of Costamare in a report on Wednesday, February 5th. Wall Street Zen started coverage on Costamare in a report on Thursday, May 15th. They issued a "hold" rating on the stock.

Costamare Company Profile