Denali Advisors LLC grew its holdings in shares of Costamare Inc. (NYSE:CMRE - Free Report) by 9.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 555,073 shares of the shipping company's stock after acquiring an additional 46,878 shares during the period. Denali Advisors LLC owned 0.46% of Costamare worth $5,462,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in CMRE. Aquatic Capital Management LLC bought a new stake in shares of Costamare during the 4th quarter worth $45,000. New Age Alpha Advisors LLC bought a new stake in Costamare in the fourth quarter worth $50,000. Legal & General Group Plc lifted its stake in 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. Victory Capital Management Inc. bought a new stake in Costamare in the fourth quarter worth $130,000. Finally, Man Group plc bought a new stake in Costamare in the fourth quarter worth $133,000. Institutional investors own 58.08% of the company's stock.
Costamare Price Performance
Shares of NYSE:CMRE traded up $0.21 on Tuesday, reaching $9.35. The company's stock had a trading volume of 426,661 shares, compared to its average volume of 430,351. Costamare Inc. has a 52-week low of $6.63 and a 52-week high of $15.96. The company has a market cap of $1.12 billion, a P/E ratio of 3.83 and a beta of 1.20. The company has a 50-day simple moving average of $8.99 and a 200 day simple moving average of $9.87. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 1.55.
Costamare (NYSE:CMRE - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The shipping company reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $330.14 million. As a group, equities research analysts anticipate that Costamare Inc. will post 2.52 EPS for the current fiscal year.
Costamare Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Monday, July 21st will be issued a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 4.92%. The ex-dividend date of this dividend is Monday, July 21st. Costamare's dividend payout ratio (DPR) is currently 18.85%.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen started coverage on shares of Costamare in a research report on Thursday, May 15th. They set a "hold" rating on the stock.
Check Out Our Latest Report on CMRE
Costamare Company Profile
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