Invesco Ltd. Sells 19,847 Shares of Costamare Inc. (NYSE:CMRE)

Invesco Ltd. lowered its position in Costamare Inc. (NYSE:CMRE) by 9.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 187,810 shares of the shipping company’s stock after selling 19,847 shares during the period. Invesco Ltd. owned about 0.16% of Costamare worth $2,413,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Barclays PLC increased its position in shares of Costamare by 291.1% in the 3rd quarter. Barclays PLC now owns 59,016 shares of the shipping company’s stock valued at $928,000 after buying an additional 43,925 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Costamare by 10.9% in the 4th quarter. Principal Financial Group Inc. now owns 65,638 shares of the shipping company’s stock valued at $843,000 after buying an additional 6,461 shares in the last quarter. American Century Companies Inc. increased its position in shares of Costamare by 18.8% in the 4th quarter. American Century Companies Inc. now owns 1,077,400 shares of the shipping company’s stock valued at $13,845,000 after buying an additional 170,412 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Costamare by 4.2% in the 4th quarter. New York State Common Retirement Fund now owns 223,565 shares of the shipping company’s stock valued at $2,873,000 after buying an additional 9,100 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Costamare by 3.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 339,566 shares of the shipping company’s stock valued at $5,338,000 after buying an additional 11,076 shares in the last quarter. Institutional investors own 58.08% of the company’s stock.

Costamare Stock Down 0.4 %

CMRE stock opened at $9.14 on Tuesday. The company has a current ratio of 1.65, a quick ratio of 1.56 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $1.10 billion, a PE ratio of 3.75 and a beta of 1.11. Costamare Inc. has a 1-year low of $8.11 and a 1-year high of $17.58. The business’s 50 day simple moving average is $9.69 and its 200 day simple moving average is $11.76.

Costamare (NYSE:CMRE) last posted its earnings results on Wednesday, February 5th. The shipping company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. Costamare had a return on equity of 14.03% and a net margin of 15.14%. As a group, research analysts anticipate that Costamare Inc. will post 2.52 EPS for the current year.

Costamare Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Thursday, April 17th will be issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend is Thursday, April 17th. Costamare’s dividend payout ratio is 18.85%.

Analyst Upgrades and Downgrades

CMRE has been the subject of a number of research reports. Jefferies Financial Group reiterated a “hold” rating and set a $13.00 price objective on shares of Costamare in a report on Wednesday, February 5th. StockNews.com started coverage on Costamare in a research note on Tuesday. They issued a “hold” rating on the stock.

About Costamare