XTX Topco Ltd acquired a new stake in Costamare Inc. (NYSE:CMRE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 29,725 shares of the shipping company's stock, valued at approximately $382,000.
A number of other hedge funds have also added to or reduced their stakes in the company. Mariner LLC acquired a new stake in Costamare in the fourth quarter valued at approximately $134,000. Barclays PLC boosted its position in Costamare by 9.8% in the fourth quarter. Barclays PLC now owns 64,822 shares of the shipping company's stock valued at $833,000 after buying an additional 5,806 shares in the last quarter. Sterling Capital Management LLC boosted its position in Costamare by 3.7% in the fourth quarter. Sterling Capital Management LLC now owns 32,113 shares of the shipping company's stock valued at $413,000 after buying an additional 1,141 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Costamare in the fourth quarter valued at approximately $1,399,000. Finally, Martingale Asset Management L P acquired a new stake in Costamare in the fourth quarter valued at approximately $559,000. 58.08% of the stock is owned by institutional investors.
Analysts Set New Price Targets
CMRE has been the topic of a number of research analyst reports. StockNews.com lowered shares of Costamare from a "buy" rating to a "hold" rating in a research report on Friday, March 14th. Jefferies Financial Group restated a "hold" rating and issued a $13.00 target price on shares of Costamare in a research report on Wednesday, February 5th.
Check Out Our Latest Stock Analysis on CMRE
Costamare Trading Down 0.4 %
Shares of NYSE:CMRE traded down $0.04 during mid-day trading on Monday, reaching $9.14. 425,228 shares of the company's stock were exchanged, compared to its average volume of 480,820. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 3.75 and a beta of 1.11. The business's fifty day moving average price is $9.69 and its 200-day moving average price is $11.76. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.56 and a current ratio of 1.65. Costamare Inc. has a twelve month low of $8.11 and a twelve month high of $17.58.
Costamare (NYSE:CMRE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.03. Costamare had a net margin of 15.14% and a return on equity of 14.03%. On average, research analysts predict that Costamare Inc. will post 2.52 EPS for the current fiscal year.
Costamare Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Thursday, April 17th will be issued a dividend of $0.115 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 5.03%. Costamare's dividend payout ratio (DPR) is presently 18.85%.
Costamare Company Profile
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