Costamare Inc. (NYSE:CMRE - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $13.87 and last traded at $13.87, with a volume of 526293 shares traded. The stock had previously closed at $13.36.
Wall Street Analyst Weigh In
CMRE has been the topic of a number of research reports. Stifel Nicolaus raised their price objective on Costamare from $11.50 to $12.00 and gave the stock a "hold" rating in a report on Friday, April 19th. Jefferies Financial Group raised their price objective on Costamare from $11.00 to $12.00 and gave the stock a "hold" rating in a report on Friday. Finally, StockNews.com upgraded Costamare from a "hold" rating to a "strong-buy" rating in a report on Monday.
View Our Latest Stock Analysis on CMRE
Costamare Trading Up 4.0 %
The firm has a market capitalization of $1.63 billion, a PE ratio of 5.18 and a beta of 1.32. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.59 and a current ratio of 1.69. The firm has a fifty day moving average of $11.57 and a 200 day moving average of $10.75.
Costamare Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Friday, April 19th were issued a dividend of $0.115 per share. The ex-dividend date was Thursday, April 18th. This represents a $0.46 annualized dividend and a dividend yield of 3.31%. Costamare's payout ratio is currently 17.83%.
Institutional Investors Weigh In On Costamare
A number of hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC acquired a new stake in Costamare during the 1st quarter valued at approximately $1,172,000. Vanguard Group Inc. grew its position in shares of Costamare by 12.7% in the 1st quarter. Vanguard Group Inc. now owns 319,385 shares of the shipping company's stock worth $3,625,000 after acquiring an additional 35,903 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Costamare by 56,543.3% in the 1st quarter. Russell Investments Group Ltd. now owns 143,874 shares of the shipping company's stock worth $1,633,000 after acquiring an additional 143,620 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Costamare in the 1st quarter worth approximately $264,000. Finally, Empowered Funds LLC grew its position in shares of Costamare by 8.2% in the 1st quarter. Empowered Funds LLC now owns 504,570 shares of the shipping company's stock worth $5,727,000 after acquiring an additional 38,168 shares in the last quarter. Institutional investors and hedge funds own 58.08% of the company's stock.
Costamare Company Profile
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