Nuveen Asset Management LLC Sells 131,251 Shares of Costamare Inc. (NYSE:CMRE)

Nuveen Asset Management LLC trimmed its stake in shares of Costamare Inc. (NYSE:CMRE - Free Report) by 20.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 500,765 shares of the shipping company's stock after selling 131,251 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.43% of Costamare worth $6,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. grew its stake in Costamare by 87.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 550,301 shares of the shipping company's stock worth $7,071,000 after purchasing an additional 257,422 shares during the period. American Century Companies Inc. lifted its position 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 acquiring an additional 170,412 shares during the period. Essential Planning LLC. acquired a new position in shares of Costamare during the 4th quarter valued at $1,718,000. JPMorgan Chase & Co. boosted its stake in Costamare by 33.3% during the fourth quarter. JPMorgan Chase & Co. now owns 452,504 shares of the shipping company's stock worth $5,815,000 after acquiring an additional 112,938 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Costamare in the fourth quarter worth $1,399,000. Institutional investors own 58.08% of the company's stock.

Analyst Ratings Changes

CMRE has been the topic of several research reports. Wall Street Zen initiated coverage on shares of Costamare in a report on Thursday, May 15th. They set a "hold" rating on the stock. Jefferies Financial Group restated a "hold" rating and set a $13.00 price objective on shares of Costamare in a report on Wednesday, February 5th.

Costamare Stock Up 1.6%

NYSE CMRE traded up $0.14 during trading hours on Wednesday, hitting $8.70. The company's stock had a trading volume of 79,103 shares, compared to its average volume of 464,647. The company has a current ratio of 1.65, a quick ratio of 1.56 and a debt-to-equity ratio of 0.73. The company's 50-day simple moving average is $8.85 and its two-hundred day simple moving average is $10.80. The company has a market capitalization of $1.04 billion, a PE ratio of 3.57 and a beta of 1.13. Costamare Inc. has a 52 week low of $6.63 and a 52 week high of $17.58.

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 for the quarter, beating the consensus estimate of $0.52 by $0.09. Costamare had a return on equity of 14.03% and a net margin of 15.14%. The business had revenue of $440.54 million for the quarter, compared to analysts' expectations of $330.14 million. Research analysts anticipate that Costamare Inc. will post 2.52 EPS for the current fiscal year.

Costamare Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, April 17th were paid a $0.115 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $0.46 annualized dividend and a yield of 5.29%. Costamare's dividend payout ratio (DPR) is 18.85%.

Costamare Company Profile