Costamare Inc. (NYSE:CMRE) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its stake in Costamare Inc. (NYSE:CMRE) by 61.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,567 shares of the shipping company’s stock after purchasing an additional 9,327 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Costamare were worth $242,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Aquatic Capital Management LLC acquired a new stake in Costamare in the fourth quarter worth about $45,000. New Age Alpha Advisors LLC acquired a new stake in Costamare in the fourth quarter worth about $50,000. Legal & General Group Plc lifted its holdings in Costamare by 27.1% in the fourth quarter. Legal & General Group Plc now owns 8,909 shares of the shipping company’s stock worth $114,000 after purchasing an additional 1,900 shares during the period. GAMMA Investing LLC lifted its holdings in Costamare by 525.8% in the first quarter. GAMMA Investing LLC now owns 8,974 shares of the shipping company’s stock worth $912,000 after purchasing an additional 7,540 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in Costamare in the fourth quarter worth about $130,000. Institutional investors and hedge funds own 58.08% of the company’s stock.

Costamare Price Performance

Shares of Costamare stock opened at $9.48 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $8.87 and its two-hundred day moving average price is $10.03. Costamare Inc. has a 52 week low of $6.63 and a 52 week high of $15.96. The stock has a market cap of $1.14 billion, a PE ratio of 3.89 and a beta of 1.20.

Costamare (NYSE:CMRE) last issued 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 net margin of 15.27% and a return on equity of 13.44%. The firm had revenue of $440.54 million for the quarter, compared to analysts’ expectations of $330.14 million. As a group, sell-side analysts anticipate that Costamare Inc. will post 2.52 EPS for the current fiscal year.

Costamare Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Monday, July 21st will be issued a dividend of $0.115 per share. The ex-dividend date of this dividend is Monday, July 21st. This represents a $0.46 annualized dividend and a yield of 4.85%. Costamare’s payout ratio is presently 18.85%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen began coverage on shares of Costamare in a research report on Thursday, May 15th. They issued a “hold” rating on the stock.

Costamare Profile