Jump Financial LLC Takes Position in Costamare Inc. $CMRE

Key Points

• Jump Financial LLC acquired 75,300 shares of Costamare Inc., valued at approximately $741,000, during the first quarter, owning about 0.06% of the company post-transaction.
• Costamare's stock has a current price of $11.45, with a one-year high of $15.96 and a low of $6.63, while it also reported a quarterly EPS of $0.77, beating estimates.
• The company recently declared a $0.115 dividend with an annualized yield of 4.0%, and institutional investors now own 58.08% of Costamare's shares.

Jump Financial LLC purchased a new position in shares of Costamare Inc. (NYSE:CMRE - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 75,300 shares of the shipping company's stock, valued at approximately $741,000. Jump Financial LLC owned 0.06% of Costamare as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Nuveen LLC bought a new stake in shares of Costamare in the first quarter valued at approximately $99,482,000. Bridgeway Capital Management LLC grew its holdings 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 worth $19,872,000 after purchasing an additional 29,354 shares in the last quarter. American Century Companies Inc. raised its stake in Costamare by 11.1% in the first quarter. American Century Companies Inc. now owns 1,196,506 shares of the shipping company's stock valued at $11,774,000 after purchasing an additional 119,106 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Costamare by 0.6% during the fourth quarter. Ameriprise Financial Inc. now owns 780,662 shares of the shipping company's stock worth $10,032,000 after buying an additional 4,791 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Costamare by 10.5% in 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 purchasing an additional 57,643 shares in the last quarter. Institutional investors and hedge funds own 58.08% of the company's stock.

Costamare Stock Down 0.9%

NYSE:CMRE traded down $0.11 during trading hours on Thursday, reaching $11.79. The company had a trading volume of 307,796 shares, compared to its average volume of 509,772. The company has a quick ratio of 1.64, a current ratio of 1.68 and a debt-to-equity ratio of 0.65. The business's 50-day simple moving average is $10.28 and its two-hundred day simple moving average is $9.66. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 5.00 and a beta of 1.29. Costamare Inc. has a twelve month low of $6.63 and a twelve month high of $15.96.

Costamare (NYSE:CMRE - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The shipping company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.29. The business had revenue of $211.20 million for the quarter, compared to analyst estimates of $209.72 million. Costamare had a return on equity of 13.67% and a net margin of 17.10%.During the same quarter in the prior year, the company earned $0.76 earnings per share. On average, equities analysts expect that Costamare Inc. will post 2.52 earnings per share for the current year.

Costamare Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Monday, July 21st were paid a dividend of $0.115 per share. The ex-dividend date was Monday, July 21st. This represents a $0.46 dividend on an annualized basis and a yield of 3.9%. Costamare's payout ratio is 19.49%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen assumed coverage on shares of Costamare in a research report on Thursday, May 15th. They set a "hold" rating for the company. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $13.00.

About Costamare