Costamare Inc. (NYSE:CMRE) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. lifted its stake in shares of Costamare Inc. (NYSE:CMRE - Free Report) by 18.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,077,400 shares of the shipping company's stock after buying an additional 170,412 shares during the period. American Century Companies Inc. owned about 0.92% of Costamare worth $13,845,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CMRE. State Street Corp raised its holdings in shares of Costamare by 2.6% during the 3rd quarter. State Street Corp now owns 1,213,838 shares of the shipping company's stock valued at $19,082,000 after buying an additional 30,986 shares in the last quarter. Empowered Funds LLC grew its position in Costamare by 5.1% during the 4th quarter. Empowered Funds LLC now owns 602,062 shares of the shipping company's stock valued at $7,736,000 after purchasing an additional 29,354 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Costamare by 87.9% in 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 purchasing an additional 257,422 shares in the last quarter. Denali Advisors LLC boosted its holdings in Costamare by 1.7% in the fourth quarter. Denali Advisors LLC now owns 508,195 shares of the shipping company's stock worth $6,530,000 after purchasing an additional 8,300 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Costamare by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 433,995 shares of the shipping company's stock valued at $6,822,000 after buying an additional 15,983 shares during the period. 58.08% of the stock is currently owned by hedge funds and other institutional investors.

Costamare Trading Down 6.2 %

Shares of CMRE traded down $0.60 during mid-day trading on Friday, reaching $8.95. The stock had a trading volume of 959,577 shares, compared to its average volume of 464,250. The business's fifty day moving average is $10.48 and its 200 day moving average is $12.52. Costamare Inc. has a 52-week low of $8.76 and a 52-week 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 firm has a market cap of $1.07 billion, a price-to-earnings ratio of 3.67 and a beta of 1.11.

Costamare (NYSE:CMRE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.03. Costamare had a return on equity of 14.03% and a net margin of 15.14%. On average, sell-side analysts predict that Costamare Inc. will post 2.52 EPS for the current fiscal year.

Costamare Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Thursday, April 17th will be paid a dividend of $0.115 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 5.14%. Costamare's dividend payout ratio (DPR) is 18.85%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CMRE. StockNews.com lowered Costamare from a "buy" rating to a "hold" rating in a research note on Friday, March 14th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $13.00 price target on shares of Costamare in a report on Wednesday, February 5th.

About Costamare