Costamare Inc. (NYSE:CMRE) Shares Purchased by XTX Topco Ltd

XTX Topco Ltd lifted its stake in Costamare Inc. (NYSE:CMRE - Free Report) by 96.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,421 shares of the shipping company's stock after purchasing an additional 28,696 shares during the period. XTX Topco Ltd's holdings in Costamare were worth $575,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Costamare by 4.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,596 shares of the shipping company's stock valued at $316,000 after buying an additional 1,064 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of 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 last quarter. Principal Financial Group Inc. lifted its holdings in shares of Costamare by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 67,268 shares of the shipping company's stock valued at $662,000 after purchasing an additional 1,630 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of 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 purchasing an additional 1,832 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Costamare by 27.1% in the 4th quarter. Legal & General Group Plc now owns 8,909 shares of the shipping company's stock valued at $114,000 after purchasing an additional 1,900 shares during the last quarter. 58.08% of the stock is currently owned by hedge funds and other institutional investors.

Costamare Stock Performance

CMRE stock traded down $0.15 during trading on Friday, hitting $10.65. The company had a trading volume of 479,902 shares, compared to its average volume of 540,644. The firm has a market cap of $1.28 billion, a PE ratio of 4.51 and a beta of 1.28. Costamare Inc. has a 1-year low of $6.63 and a 1-year high of $15.96. The firm has a 50-day moving average price of $9.45 and a 200-day moving average price of $9.63. The company has a quick ratio of 1.47, a current ratio of 1.68 and a debt-to-equity ratio of 0.65.

Costamare (NYSE:CMRE - Get Free Report) last released its earnings results on Thursday, July 31st. The shipping company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.29. Costamare had a return on equity of 13.67% and a net margin of 17.10%. The company had revenue of $211.20 million for the quarter, compared to analysts' expectations of $209.72 million. During the same quarter in the previous year, the firm posted $0.76 EPS. On average, analysts expect that Costamare Inc. will post 2.52 earnings per share for the current year.

Costamare Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Monday, July 21st were given a dividend of $0.115 per share. The ex-dividend date was Monday, July 21st. This represents a $0.46 annualized dividend and a yield of 4.3%. Costamare's payout ratio is presently 19.49%.

Analyst Ratings Changes

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

Costamare Profile