Costamare Inc. (NYSE:CMRE) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP lessened its stake in shares of Costamare Inc. (NYSE:CMRE - Free Report) by 60.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,003 shares of the shipping company's stock after selling 149,993 shares during the quarter. Two Sigma Investments LP owned about 0.08% of Costamare worth $1,259,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CMRE. American Century Companies Inc. boosted its position in shares of Costamare by 18.8% in 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 purchasing an additional 170,412 shares during the period. Essential Planning LLC. purchased a new stake in Costamare in the fourth quarter valued at approximately $1,718,000. JPMorgan Chase & Co. boosted its holdings in shares of Costamare by 33.3% in the fourth quarter. JPMorgan Chase & Co. now owns 452,504 shares of the shipping company's stock valued at $5,815,000 after acquiring an additional 112,938 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Costamare during the fourth quarter worth approximately $1,399,000. Finally, Federated Hermes Inc. grew its position in shares of Costamare by 10.6% during the fourth quarter. Federated Hermes Inc. now owns 817,359 shares of the shipping company's stock worth $10,503,000 after acquiring an additional 78,377 shares during the last quarter. Institutional investors and hedge funds own 58.08% of the company's stock.

Costamare Stock Performance

Shares of NYSE CMRE traded up $0.26 during midday trading on Friday, reaching $9.16. 612,390 shares of the company were exchanged, compared to its average volume of 463,416. The stock has a market cap of $1.10 billion, a P/E ratio of 3.75 and a beta of 1.13. Costamare Inc. has a 1 year low of $6.63 and a 1 year high of $17.58. The stock has a fifty day simple moving average of $8.80 and a 200 day simple moving average of $10.75. The company has a current ratio of 1.65, a quick ratio of 1.56 and a debt-to-equity ratio of 0.73.

Costamare (NYSE:CMRE - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The shipping company reported $0.61 earnings per share 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 analysts' expectations of $330.14 million. Costamare had a return on equity of 14.03% and a net margin of 15.14%. On average, research analysts forecast that Costamare Inc. will post 2.52 earnings per share for the current fiscal year.

Costamare Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 6th. Investors of record on Thursday, April 17th were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 5.02%. The ex-dividend date of this dividend was Thursday, April 17th. Costamare's dividend payout ratio is presently 18.85%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen began coverage on shares of Costamare in a research note on Thursday, May 15th. They set a "hold" rating for the company.

Costamare Company Profile