18,787 Shares in Costamare Inc. (NYSE:CMRE) Purchased by Trexquant Investment LP

Trexquant Investment LP bought a new position in shares of Costamare Inc. (NYSE:CMREFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 18,787 shares of the shipping company’s stock, valued at approximately $196,000.

Other hedge funds have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Costamare by 1,282.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 214,428 shares of the shipping company’s stock worth $2,063,000 after purchasing an additional 198,922 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Costamare by 12.7% during the 4th quarter. Victory Capital Management Inc. now owns 13,252 shares of the shipping company’s stock worth $138,000 after purchasing an additional 1,498 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Costamare by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,069,284 shares of the shipping company’s stock worth $73,591,000 after purchasing an additional 107,756 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Costamare by 39.2% during the 4th quarter. Quadrant Capital Group LLC now owns 24,332 shares of the shipping company’s stock worth $253,000 after acquiring an additional 6,853 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in Costamare during the 3rd quarter worth about $141,000. Institutional investors and hedge funds own 58.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Stifel Nicolaus increased their price objective on shares of Costamare from $11.50 to $12.00 and gave the stock a “hold” rating in a report on Friday, April 19th. StockNews.com lowered shares of Costamare from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 21st. Finally, Jefferies Financial Group increased their price objective on shares of Costamare from $11.00 to $12.00 and gave the stock a “hold” rating in a report on Friday, May 10th.

Get Our Latest Stock Analysis on CMRE

Costamare Stock Up 3.2 %

Shares of NYSE CMRE opened at $16.12 on Thursday. The firm has a market capitalization of $1.90 billion, a PE ratio of 6.25 and a beta of 1.35. The company has a current ratio of 1.91, a quick ratio of 1.81 and a debt-to-equity ratio of 0.80. Costamare Inc. has a 1 year low of $8.25 and a 1 year high of $16.46. The firm’s 50-day moving average is $12.76 and its 200-day moving average is $11.42.

Costamare (NYSE:CMREGet Free Report) last issued its earnings results on Friday, May 10th. The shipping company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. The company had revenue of $475.43 million for the quarter, compared to analyst estimates of $383.32 million. Costamare had a net margin of 19.26% and a return on equity of 12.61%. Equities analysts expect that Costamare Inc. will post 3.08 EPS for the current year.

Costamare Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Friday, April 19th were paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend was Thursday, April 18th. Costamare’s payout ratio is 17.83%.

About Costamare

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Further Reading

Institutional Ownership by Quarter for Costamare (NYSE:CMRE)

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