Empowered Funds LLC Increases Holdings in Costamare Inc. (NYSE:CMRE)

Empowered Funds LLC boosted its stake in Costamare Inc. (NYSE:CMRE - Free Report) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 602,062 shares of the shipping company's stock after acquiring an additional 29,354 shares during the period. Empowered Funds LLC owned 0.51% of Costamare worth $7,736,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. boosted its holdings in shares of 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 buying an additional 257,422 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of 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 buying an additional 5,039 shares in the last quarter. DGS Capital Management LLC boosted its holdings in shares of 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 buying an additional 1,719 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of 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 buying an additional 10,308 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings 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 worth $5,338,000 after purchasing an additional 11,076 shares in the last quarter. 58.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CMRE shares. Jefferies Financial Group reiterated a "hold" rating and issued a $13.00 target price on shares of Costamare in a report on Wednesday, February 5th. StockNews.com cut Costamare from a "buy" rating to a "hold" rating in a report on Friday, January 31st.

Costamare Stock Up 1.1 %

Shares of CMRE traded up $0.12 during trading hours on Friday, reaching $10.66. The stock had a trading volume of 459,315 shares, compared to its average volume of 418,067. Costamare Inc. has a 12 month low of $10.33 and a 12 month high of $17.58. The firm has a 50-day simple moving average of $12.21 and a 200 day simple moving average of $13.40. 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 company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 4.37 and a beta of 1.31.

Costamare (NYSE:CMRE - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.69 EPS for the quarter, beating 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%. Equities research analysts predict that Costamare Inc. will post 2.73 earnings per share for the current fiscal year.

Costamare Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Tuesday, January 21st were given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date was Tuesday, January 21st. Costamare's payout ratio is currently 18.85%.

Costamare Company Profile