Vident Advisory LLC increased its position in Costamare Inc. (NYSE:CMRE - Free Report) by 203.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,933 shares of the shipping company's stock after buying an additional 39,481 shares during the period. Vident Advisory LLC owned 0.05% of Costamare worth $757,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in CMRE. Aquatic Capital Management LLC bought a new position in shares of Costamare during the 4th quarter worth approximately $45,000. New Age Alpha Advisors LLC purchased a new position in Costamare in the 4th quarter worth approximately $50,000. Legal & General Group Plc grew its stake in Costamare by 27.1% in 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 in the last quarter. Victory Capital Management Inc. bought a new stake in shares of Costamare in the 4th quarter worth approximately $130,000. Finally, Man Group plc bought a new stake in shares of Costamare in the 4th quarter worth approximately $133,000. 58.08% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms recently commented on CMRE. Jefferies Financial Group reiterated a "hold" rating and set a $13.00 price target on shares of Costamare in a report on Wednesday, February 5th. Wall Street Zen began coverage on shares of Costamare in a research report on Thursday, May 15th. They set a "hold" rating on the stock.
Read Our Latest Stock Report on CMRE
Costamare Stock Performance
Shares of NYSE CMRE traded down $0.05 during trading on Friday, reaching $8.42. 71,245 shares of the company traded hands, compared to its average volume of 470,179. The firm has a 50 day simple moving average of $8.94 and a 200-day simple moving average of $10.95. The company has a quick ratio of 1.56, a current ratio of 1.65 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $1.01 billion, a PE ratio of 3.45 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 announced its quarterly earnings results on Thursday, May 8th. The shipping company reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.09. The firm had revenue of $440.54 million for 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%. Equities research analysts anticipate that Costamare Inc. will post 2.52 earnings per share for the current year.
Costamare Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 6th. Investors of record on Thursday, April 17th were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date was Thursday, April 17th. Costamare's payout ratio is 18.85%.
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