Hussman Strategic Advisors Inc. Raises Stock Holdings in Costamare Inc. (NYSE:CMRE)

Hussman Strategic Advisors Inc. boosted its stake in shares of Costamare Inc. (NYSE:CMRE - Free Report) by 233.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 105,000 shares of the shipping company's stock after acquiring an additional 73,500 shares during the period. Hussman Strategic Advisors Inc. owned 0.09% of Costamare worth $1,033,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Costamare by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,596 shares of the shipping company's stock worth $316,000 after purchasing an additional 1,064 shares during the period. Sterling Capital Management LLC raised its stake in shares of Costamare by 3.7% in the fourth quarter. Sterling Capital Management LLC now owns 32,113 shares of the shipping company's stock valued at $413,000 after acquiring an additional 1,141 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Costamare by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 67,268 shares of the shipping company's stock worth $662,000 after acquiring an additional 1,630 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Costamare by 3.2% during the 4th quarter. Stifel Financial Corp now owns 59,433 shares of the shipping company's stock worth $764,000 after purchasing an additional 1,832 shares during the period. Finally, Legal & General Group Plc grew its holdings in Costamare by 27.1% during 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 last quarter. 58.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen started coverage on Costamare in a research note on Thursday, May 15th. They issued a "hold" rating on the stock.

Costamare Price Performance

Shares of NYSE:CMRE traded up $0.21 during midday trading on Tuesday, hitting $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 12-month low of $6.63 and a 12-month 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 debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 1.55. The business's 50 day simple moving average is $8.99 and its 200 day simple moving average is $9.87.

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 (EPS) 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 firm had revenue of $440.54 million during the quarter, compared to analyst estimates of $330.14 million. On average, analysts forecast that Costamare Inc. will post 2.52 EPS for the current year.

Costamare Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Monday, July 21st will be given a dividend of $0.115 per share. The ex-dividend date of this dividend is Monday, July 21st. This represents a $0.46 annualized dividend and a dividend yield of 4.92%. Costamare's dividend payout ratio (DPR) is currently 18.85%.

Costamare Company Profile