Engineers Gate Manager LP bought a new position in Costamare Inc (NYSE:CMRE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 77,952 shares of the shipping company’s stock, valued at approximately $450,000. Engineers Gate Manager LP owned about 0.07% of Costamare as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in Costamare by 23.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,210,466 shares of the shipping company’s stock worth $20,098,000 after purchasing an additional 608,762 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Costamare by 83.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,598,487 shares of the shipping company’s stock worth $9,879,000 after purchasing an additional 729,015 shares during the last quarter. Global X MANAGEMENT CO LLC lifted its holdings in Costamare by 5.3% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,570,697 shares of the shipping company’s stock worth $9,707,000 after purchasing an additional 79,322 shares during the last quarter. State Street Corp lifted its holdings in Costamare by 17.6% in the 2nd quarter. State Street Corp now owns 564,606 shares of the shipping company’s stock worth $4,128,000 after purchasing an additional 84,590 shares during the last quarter. Finally, Signia Capital Management LLC lifted its holdings in Costamare by 2.9% in the 3rd quarter. Signia Capital Management LLC now owns 514,006 shares of the shipping company’s stock worth $3,177,000 after purchasing an additional 14,326 shares during the last quarter. Hedge funds and other institutional investors own 25.29% of the company’s stock.
Costamare Inc (NYSE:CMRE) opened at $6.26 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $676.29, a P/E ratio of 8.12, a price-to-earnings-growth ratio of 1.73 and a beta of 2.10. Costamare Inc has a 1 year low of $5.45 and a 1 year high of $8.18.
Costamare (NYSE:CMRE) last issued its quarterly earnings results on Tuesday, January 23rd. The shipping company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The company had revenue of $99.20 million for the quarter, compared to the consensus estimate of $97.52 million. Costamare had a return on equity of 7.28% and a net margin of 17.67%. The company’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 EPS. equities analysts anticipate that Costamare Inc will post 0.72 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 6th. Shareholders of record on Tuesday, January 23rd were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 6.39%. The ex-dividend date of this dividend was Monday, January 22nd. Costamare’s dividend payout ratio is currently 74.07%.
Several research firms recently weighed in on CMRE. Zacks Investment Research upgraded Costamare from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. ValuEngine lowered Costamare from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub raised Costamare from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Finally, Credit Suisse Group set a $7.00 price target on Costamare and gave the stock a “hold” rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $6.83.
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Costamare Inc (Costamare) is a holding company. The Company is an international owner of containerships. The Company is engaged in chartering its vessels to various liner companies. The Company provides marine transportation services around the world by chartering its container vessels to liner operators under long, medium and short-term time charters.
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