Marshall Wace LLP Sells 48,557 Shares of Costamare Inc. (NYSE:CMRE)

Marshall Wace LLP trimmed its holdings in Costamare Inc. (NYSE:CMRE - Free Report) by 31.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 105,460 shares of the shipping company's stock after selling 48,557 shares during the quarter. Marshall Wace LLP owned about 0.09% of Costamare worth $1,355,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Barclays PLC raised its holdings in shares of Costamare by 291.1% in the third quarter. Barclays PLC now owns 59,016 shares of the shipping company's stock valued at $928,000 after buying an additional 43,925 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Costamare by 10.9% in the fourth quarter. Principal Financial Group Inc. now owns 65,638 shares of the shipping company's stock valued at $843,000 after buying an additional 6,461 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Costamare by 18.8% in the fourth quarter. American Century Companies Inc. now owns 1,077,400 shares of the shipping company's stock valued at $13,845,000 after buying an additional 170,412 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of Costamare by 4.2% in the fourth quarter. New York State Common Retirement Fund now owns 223,565 shares of the shipping company's stock valued at $2,873,000 after buying an additional 9,100 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Costamare by 3.4% in the third quarter. JPMorgan Chase & Co. now owns 339,566 shares of the shipping company's stock valued at $5,338,000 after buying an additional 11,076 shares during the last quarter. 58.08% of the stock is owned by institutional investors.

Costamare Price Performance

Costamare stock opened at $9.14 on Tuesday. The firm has a market capitalization of $1.10 billion, a P/E ratio of 3.75 and a beta of 1.11. Costamare Inc. has a 1 year low of $8.11 and a 1 year high of $17.58. The business has a 50-day moving average of $9.69 and a 200-day moving average of $11.76. 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 earnings results on Wednesday, February 5th. The shipping company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.03. Costamare had a return on equity of 14.03% and a net margin of 15.14%. On average, equities analysts anticipate that Costamare Inc. will post 2.52 EPS for the current year.

Costamare Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Thursday, April 17th will be given a dividend of $0.115 per share. The ex-dividend date is Thursday, April 17th. This represents a $0.46 annualized dividend and a dividend yield of 5.03%. Costamare's payout ratio is currently 18.85%.

Analysts Set New Price Targets

Several analysts have weighed in on CMRE shares. StockNews.com started coverage on Costamare in a report on Tuesday. They set a "hold" rating for the company. Jefferies Financial Group reissued a "hold" rating and set a $13.00 price objective on shares of Costamare in a report on Wednesday, February 5th.

Costamare Company Profile

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