Denali Advisors LLC Has $5.46 Million Position in Costamare Inc. (NYSE:CMRE)

Denali Advisors LLC increased its position in Costamare Inc. (NYSE:CMRE - Free Report) by 9.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 555,073 shares of the shipping company's stock after purchasing an additional 46,878 shares during the period. Denali Advisors LLC owned about 0.46% of Costamare worth $5,462,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bridgeway Capital Management LLC boosted its stake in shares of Costamare by 1.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 1,546,489 shares of the shipping company's stock valued at $19,872,000 after buying an additional 29,354 shares during the period. American Century Companies Inc. boosted 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 valued at $13,845,000 after buying an additional 170,412 shares during the period. Federated Hermes Inc. boosted its stake in shares of Costamare by 10.6% during the 4th quarter. Federated Hermes Inc. now owns 817,359 shares of the shipping company's stock valued at $10,503,000 after buying an additional 78,377 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Costamare by 0.6% during the 4th quarter. Ameriprise Financial Inc. now owns 780,662 shares of the shipping company's stock valued at $10,032,000 after buying an additional 4,791 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Costamare by 10.5% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 607,944 shares of the shipping company's stock valued at $5,982,000 after buying an additional 57,643 shares during the period. Institutional investors and hedge funds own 58.08% of the company's stock.

Costamare Trading Up 0.5%

Shares of CMRE traded up $0.05 on Friday, reaching $9.60. 523,667 shares of the company's stock were exchanged, compared to its average volume of 430,659. The company has a current ratio of 1.55, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $1.15 billion, a P/E ratio of 3.93 and a beta of 1.20. The business has a 50 day moving average price of $8.99 and a two-hundred day moving average price of $9.89. Costamare Inc. has a 12 month low of $6.63 and a 12 month high of $15.96.

Costamare (NYSE:CMRE - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The shipping company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.09. Costamare had a net margin of 15.27% and a return on equity of 13.44%. The company had revenue of $440.54 million during the quarter, compared to the consensus estimate of $330.14 million. Research analysts anticipate that Costamare Inc. will post 2.52 earnings per share for the current year.

Costamare Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Monday, July 21st will be paid a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 4.79%. The ex-dividend date is Monday, July 21st. Costamare's dividend payout ratio (DPR) is 18.85%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen started coverage on shares of Costamare in a report on Thursday, May 15th. They set a "hold" rating on the stock.

Costamare Profile