Squarepoint Ops LLC purchased a new position in Costamare Inc. (NYSE:CMRE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 39,919 shares of the shipping company's stock, valued at approximately $513,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Aquatic Capital Management LLC purchased a new position in Costamare in the fourth quarter worth $45,000. New Age Alpha Advisors LLC purchased a new position in Costamare in the fourth quarter worth $50,000. Legal & General Group Plc grew its position in Costamare by 27.1% in the fourth quarter. Legal & General Group Plc now owns 8,909 shares of the shipping company's stock worth $114,000 after acquiring an additional 1,900 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Costamare in the fourth quarter worth $130,000. Finally, Man Group plc purchased a new position in Costamare in the fourth quarter worth $133,000. Institutional investors own 58.08% of the company's stock.
Costamare Trading Up 2.9%
Shares of NYSE:CMRE traded up $0.26 during midday trading on Friday, hitting $9.16. 612,440 shares of the stock traded hands, compared to its average volume of 460,361. The stock has a market capitalization of $1.10 billion, a PE ratio of 3.75 and a beta of 1.21. The business's 50 day moving average is $8.78 and its two-hundred day moving average is $10.66. The company has a quick ratio of 1.56, a current ratio of 1.65 and a debt-to-equity ratio of 0.73. Costamare Inc. has a one year low of $6.63 and a one year high of $17.58.
Costamare (NYSE:CMRE - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The shipping company reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.09. The company had revenue of $440.54 million during the quarter, compared to the consensus estimate of $330.14 million. Costamare had a net margin of 15.14% and a return on equity of 14.03%. As a group, research analysts forecast that Costamare Inc. will post 2.52 earnings per share for the current year.
Costamare Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 6th. Stockholders of record on Thursday, April 17th were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $0.46 annualized dividend and a dividend yield of 5.02%. Costamare's payout ratio is 18.85%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen started coverage on shares of Costamare in a research report on Thursday, May 15th. They set a "hold" rating for the company.
Check Out Our Latest Research Report on CMRE
Costamare Company Profile
(
Free Report)
Featured Stories
Before you consider Costamare, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Costamare wasn't on the list.
While Costamare currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
