Marshall Wace LLP Has $1.36 Million Stake in Costamare Inc. (NYSE:CMRE)

Marshall Wace LLP decreased its holdings in shares of Costamare Inc. (NYSE:CMRE - Free Report) by 31.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,460 shares of the shipping company's stock after selling 48,557 shares during the quarter. Marshall Wace LLP owned 0.09% of Costamare worth $1,355,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of CMRE. New Age Alpha Advisors LLC purchased a new position in shares of Costamare during the 4th quarter valued at $50,000. Legal & General Group Plc boosted its position in Costamare by 27.1% during the fourth 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. Victory Capital Management Inc. purchased a new position in Costamare in the fourth quarter valued at about $130,000. Mariner LLC acquired a new position in Costamare in the 4th quarter worth about $134,000. Finally, Blue Trust Inc. raised its stake in shares of Costamare by 43.5% during the 4th quarter. Blue Trust Inc. now owns 10,606 shares of the shipping company's stock worth $136,000 after purchasing an additional 3,213 shares in the last quarter. 58.08% of the stock is owned by institutional investors and hedge funds.

Costamare Stock Performance

Shares of NYSE:CMRE traded up $0.18 during trading on Friday, reaching $9.57. The stock had a trading volume of 357,069 shares, compared to its average volume of 481,860. The stock has a fifty day simple moving average of $9.62 and a two-hundred day simple moving average of $11.62. 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 52 week low of $8.11 and a 52 week high of $17.58. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 3.92 and a beta of 1.13.

Costamare (NYSE:CMRE - Get Free Report) last announced its earnings results on Wednesday, February 5th. The shipping company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.66 by $0.03. Costamare had a net margin of 15.14% and a return on equity of 14.03%. As a group, analysts anticipate that Costamare Inc. will post 2.52 earnings per share for the current fiscal year.

Costamare Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 6th. Investors of record on Thursday, April 17th will be paid a dividend of $0.115 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.46 annualized dividend and a yield of 4.81%. Costamare's payout ratio is 18.85%.

Analyst Ratings Changes

Several brokerages recently commented on CMRE. Jefferies Financial Group restated a "hold" rating and issued a $13.00 price objective on shares of Costamare in a report on Wednesday, February 5th. StockNews.com initiated coverage on shares of Costamare in a research note on Tuesday, April 29th. They set a "hold" rating on the stock.

About Costamare