Hussman Strategic Advisors Inc. grew its position in Costamare Inc. (NYSE:CMRE - Free Report) by 233.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 105,000 shares of the shipping company's stock after acquiring an additional 73,500 shares during the quarter. Hussman Strategic Advisors Inc. owned about 0.09% of Costamare worth $1,033,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. Aquatic Capital Management LLC acquired a new stake in shares of Costamare during the fourth quarter valued at $45,000. New Age Alpha Advisors LLC acquired a new stake in Costamare in the 4th quarter worth about $50,000. Legal & General Group Plc boosted its stake in Costamare by 27.1% in the 4th quarter. Legal & General Group Plc now owns 8,909 shares of the shipping company's stock worth $114,000 after buying an additional 1,900 shares during the last quarter. GAMMA Investing LLC boosted its stake in Costamare by 525.8% in the 1st quarter. GAMMA Investing LLC now owns 8,974 shares of the shipping company's stock worth $912,000 after buying an additional 7,540 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in Costamare in the 4th quarter worth about $130,000. 58.08% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen started coverage on Costamare in a report on Thursday, May 15th. They set a "hold" rating for the company.
Get Our Latest Stock Report on Costamare
Costamare Stock Performance
CMRE traded up $0.05 during trading on Friday, reaching $9.60. 523,667 shares of the company 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. Costamare Inc. has a 52 week low of $6.63 and a 52 week high of $15.96. The firm has a 50 day moving average of $8.99 and a 200 day moving average of $9.89. The stock has a market cap of $1.15 billion, a P/E ratio of 3.93 and a beta of 1.20.
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 the consensus estimate of $0.52 by $0.09. The business had revenue of $440.54 million during the quarter, compared to analyst estimates of $330.14 million. Costamare had a return on equity of 13.44% and a net margin of 15.27%. On average, sell-side analysts forecast that Costamare Inc. will post 2.52 EPS for the current fiscal year.
Costamare Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Monday, July 21st will be given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend is Monday, July 21st. Costamare's payout ratio is 18.85%.
Costamare Profile
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