Costamare Inc. (NYSE:CMRE) Shares Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. increased its position in shares of Costamare Inc. (NYSE:CMRE) by 0.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 780,662 shares of the shipping company’s stock after buying an additional 4,791 shares during the quarter. Ameriprise Financial Inc. owned about 0.66% of Costamare worth $10,032,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its position in Costamare by 128.0% in the 4th quarter. SG Americas Securities LLC now owns 18,360 shares of the shipping company’s stock valued at $236,000 after buying an additional 10,308 shares during the last quarter. DGS Capital Management LLC lifted its stake in shares of Costamare by 7.9% in 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 period. Blue Trust Inc. boosted its holdings in shares of Costamare by 68.2% in the fourth quarter. Blue Trust Inc. now owns 12,432 shares of the shipping company’s stock valued at $160,000 after acquiring an additional 5,039 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Costamare by 87.9% during the fourth 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 period. Finally, Empowered Funds LLC raised its holdings in Costamare by 5.1% during the fourth quarter. Empowered Funds LLC now owns 602,062 shares of the shipping company’s stock worth $7,736,000 after purchasing an additional 29,354 shares in the last quarter. Institutional investors and hedge funds own 58.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CMRE. Jefferies Financial Group reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Costamare in a report on Wednesday, February 5th. StockNews.com assumed coverage on Costamare in a research report on Thursday, May 15th. They issued a “hold” rating for the company.

Costamare Stock Down 0.6%

Shares of NYSE CMRE opened at $8.75 on Tuesday. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 3.59 and a beta of 1.13. Costamare Inc. has a 52 week low of $6.63 and a 52 week high of $17.58. The firm has a 50-day moving average price of $9.25 and a 200 day moving average price of $11.23. The company has a quick ratio of 1.56, a current ratio of 1.65 and a debt-to-equity ratio of 0.73.

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

Costamare Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, April 17th were issued a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 5.26%. The ex-dividend date was Thursday, April 17th. Costamare’s dividend payout ratio (DPR) is 18.85%.

Costamare Company Profile