D. E. Shaw & Co. Inc. Makes New $633,000 Investment in Costamare Inc. (NYSE:CMRE)

D. E. Shaw & Co. Inc. bought a new position in shares of Costamare Inc. (NYSE:CMRE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 49,247 shares of the shipping company's stock, valued at approximately $633,000.

Several other hedge funds have also recently bought and sold shares of the stock. Aquatic Capital Management LLC bought a new stake in shares of Costamare during the fourth quarter worth $45,000. New Age Alpha Advisors LLC bought a new position in Costamare during the 4th quarter worth about $50,000. Legal & General Group Plc raised its stake in shares of Costamare by 27.1% in the 4th quarter. Legal & General Group Plc now owns 8,909 shares of the shipping company's stock valued at $114,000 after purchasing an additional 1,900 shares during the period. Victory Capital Management Inc. bought a new stake in shares of Costamare in the fourth quarter valued at about $130,000. Finally, Mariner LLC bought a new stake in shares of Costamare in the fourth quarter valued at about $134,000. 58.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Costamare Stock Up 0.7%

Shares of Costamare stock traded up $0.06 on Thursday, reaching $8.44. 327,634 shares of the company were exchanged, compared to its average volume of 471,749. Costamare Inc. has a one year low of $6.63 and a one year high of $17.58. The company has a current ratio of 1.65, a quick ratio of 1.56 and a debt-to-equity ratio of 0.73. The company has a 50-day moving average of $8.94 and a 200 day moving average of $10.95. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 3.46 and a beta of 1.13.

Costamare (NYSE:CMRE - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The shipping company reported $0.61 EPS for the quarter, beating analysts' consensus estimates 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. On average, equities research analysts forecast that Costamare Inc. will post 2.52 earnings per share for the current year.

Costamare Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 6th. Investors of record on Thursday, April 17th were paid a $0.115 dividend. The ex-dividend date was Thursday, April 17th. This represents a $0.46 annualized dividend and a yield of 5.45%. Costamare's dividend payout ratio (DPR) is currently 18.85%.

Costamare Profile