Price T Rowe Associates Inc. MD Boosts Stock Holdings in Costamare Inc. (NYSE:CMRE)

Price T Rowe Associates Inc. MD grew its position in shares of Costamare Inc. (NYSE:CMRE) by 21.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,099 shares of the shipping company’s stock after acquiring an additional 3,014 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Costamare were worth $220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of CMRE. JPMorgan Chase & Co. boosted its holdings in Costamare by 3.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 339,566 shares of the shipping company’s stock worth $5,338,000 after acquiring an additional 11,076 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Costamare by 128.0% during the 4th quarter. SG Americas Securities LLC now owns 18,360 shares of the shipping company’s stock worth $236,000 after acquiring an additional 10,308 shares during the last quarter. DGS Capital Management LLC boosted its holdings in Costamare by 7.9% during the 4th quarter. DGS Capital Management LLC now owns 23,378 shares of the shipping company’s stock worth $300,000 after acquiring an additional 1,719 shares during the last quarter. Blue Trust Inc. boosted its holdings in Costamare by 68.2% during the 4th quarter. Blue Trust Inc. now owns 12,432 shares of the shipping company’s stock worth $160,000 after acquiring an additional 5,039 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Costamare by 87.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 550,301 shares of the shipping company’s stock worth $7,071,000 after acquiring an additional 257,422 shares during the last quarter. 58.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Jefferies Financial Group reiterated a “hold” rating and set a $13.00 target price on shares of Costamare in a research note on Wednesday, February 5th. StockNews.com assumed coverage on Costamare in a research note on Thursday. They set a “hold” rating on the stock.

Costamare Trading Up 0.7%

NYSE CMRE opened at $8.80 on Friday. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 3.61 and a beta of 1.13. Costamare Inc. has a one year low of $6.63 and a one year high of $17.58. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.65 and a quick ratio of 1.56. The business’s fifty day moving average is $9.28 and its 200-day moving average is $11.29.

Costamare (NYSE:CMRE) last released its earnings results on Thursday, May 8th. The shipping company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.09. The company had revenue of $440.54 million for the quarter, compared to analysts’ expectations of $330.14 million. Costamare had a return on equity of 14.03% and a net margin of 15.14%. Equities research analysts predict that Costamare Inc. will post 2.52 EPS for the current year.

Costamare Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 6th. Investors of record on Thursday, April 17th were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date was Thursday, April 17th. Costamare’s dividend payout ratio is currently 18.85%.

Costamare Company Profile