Engineers Gate Manager LP purchased a new position in Costamare Inc (NYSE:CMRE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 77,952 shares of the shipping company’s stock, valued at approximately $450,000. Engineers Gate Manager LP owned 0.07% of Costamare at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Voya Investment Management LLC bought a new position in shares of Costamare during the second quarter valued at about $105,000. FNY Partners Fund LP bought a new position in Costamare in the third quarter worth about $106,000. Highbridge Capital Management LLC bought a new position in Costamare in the third quarter worth about $124,000. Royal Bank of Canada raised its stake in Costamare by 31.4% in the second quarter. Royal Bank of Canada now owns 21,265 shares of the shipping company’s stock worth $155,000 after buying an additional 5,081 shares in the last quarter. Finally, Commerce Bank bought a new position in Costamare in the third quarter worth about $155,000. 25.07% of the stock is currently owned by institutional investors.
Shares of Costamare Inc (NYSE CMRE) traded down $0.03 during midday trading on Wednesday, reaching $6.29. 149,834 shares of the company’s stock were exchanged, compared to its average volume of 656,670. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.78 and a current ratio of 0.82. The company has a market cap of $695.77, a P/E ratio of 11.65 and a beta of 2.10. Costamare Inc has a one year low of $5.45 and a one year high of $8.18.
Costamare (NYSE:CMRE) last issued its quarterly earnings data on Tuesday, January 23rd. The shipping company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. Costamare had a net margin of 17.67% and a return on equity of 7.28%. The business had revenue of $99.20 million during the quarter, compared to analysts’ expectations of $97.52 million. During the same period last year, the company posted $0.28 EPS. The business’s revenue was down 8.9% on a year-over-year basis. equities analysts anticipate that Costamare Inc will post 0.72 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 6th. Investors of record on Tuesday, January 23rd were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, January 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 6.36%. Costamare’s payout ratio is 74.07%.
A number of research firms have recently commented on CMRE. Zacks Investment Research upgraded shares of Costamare from a “sell” rating to a “hold” rating in a report on Monday, October 30th. ValuEngine upgraded shares of Costamare from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. BidaskClub cut shares of Costamare from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Finally, Credit Suisse Group set a $7.00 price target on shares of 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 company’s stock. The stock presently has a consensus rating of “Hold” and an average price target 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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