Robeco Institutional Asset Management B.V. Buys 57,643 Shares of Costamare Inc. (NYSE:CMRE)

Robeco Institutional Asset Management B.V. boosted its stake in Costamare Inc. (NYSE:CMRE - Free Report) by 10.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 607,944 shares of the shipping company's stock after buying an additional 57,643 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.51% of Costamare worth $5,982,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Costamare by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,596 shares of the shipping company's stock worth $316,000 after acquiring an additional 1,064 shares during the period. Sterling Capital Management LLC boosted its stake in Costamare by 3.7% in the 4th quarter. Sterling Capital Management LLC now owns 32,113 shares of the shipping company's stock valued at $413,000 after purchasing an additional 1,141 shares during the period. Kendall Capital Management boosted its stake in Costamare by 0.6% in the 4th quarter. Kendall Capital Management now owns 242,374 shares of the shipping company's stock valued at $3,115,000 after purchasing an additional 1,370 shares during the period. Stifel Financial Corp grew its holdings in Costamare by 3.2% in the 4th quarter. Stifel Financial Corp now owns 59,433 shares of the shipping company's stock valued at $764,000 after buying an additional 1,832 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Costamare by 27.1% during 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 period. 58.08% of the stock is owned by institutional investors.

Costamare Stock Performance

Shares of CMRE traded up $0.09 during mid-day trading on Friday, hitting $9.29. 237,459 shares of the company's stock were exchanged, compared to its average volume of 441,038. The company has a quick ratio of 1.47, a current ratio of 1.55 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 $16.97. The stock's 50-day simple moving average is $8.88 and its 200-day simple moving average is $10.14. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 3.81 and a beta of 1.20.

Costamare (NYSE:CMRE - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The shipping company reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.09. The firm had revenue of $440.54 million for 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, equities research analysts expect that Costamare Inc. will post 2.52 EPS for the current year.

Costamare Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Monday, July 21st will be paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 4.95%. Costamare's payout ratio is presently 18.85%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen initiated coverage on Costamare in a report on Thursday, May 15th. They set a "hold" rating for the company.

Costamare Profile