Barclays PLC Has $928,000 Stock Holdings in Costamare Inc. (NYSE:CMRE)

Barclays PLC boosted its holdings in shares of Costamare Inc. (NYSE:CMRE - Free Report) by 291.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,016 shares of the shipping company's stock after purchasing an additional 43,925 shares during the period. Barclays PLC owned about 0.05% of Costamare worth $928,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. American Century Companies Inc. increased its position in shares of Costamare by 62.9% during the 2nd quarter. American Century Companies Inc. now owns 621,764 shares of the shipping company's stock worth $10,216,000 after purchasing an additional 239,970 shares in the last quarter. Federated Hermes Inc. grew its stake in Costamare by 25,731.0% during the second quarter. Federated Hermes Inc. now owns 401,414 shares of the shipping company's stock worth $6,595,000 after buying an additional 399,860 shares during the last quarter. Kendall Capital Management increased its holdings in shares of Costamare by 4.1% during the second quarter. Kendall Capital Management now owns 245,094 shares of the shipping company's stock worth $4,027,000 after buying an additional 9,594 shares in the last quarter. Sei Investments Co. bought a new position in shares of Costamare in the second quarter valued at approximately $674,000. Finally, Marshall Wace LLP boosted its holdings in shares of Costamare by 985.5% in the 2nd quarter. Marshall Wace LLP now owns 357,557 shares of the shipping company's stock worth $5,875,000 after acquiring an additional 324,618 shares in the last quarter. 58.08% of the stock is currently owned by institutional investors.

Costamare Price Performance

Shares of CMRE traded up $0.01 during mid-day trading on Wednesday, hitting $12.78. 242,621 shares of the company traded hands, compared to its average volume of 317,903. 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 stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 4.25 and a beta of 1.33. The business has a 50-day moving average of $13.30 and a 200 day moving average of $14.00. Costamare Inc. has a one year low of $10.14 and a one year high of $17.58.

Costamare (NYSE:CMRE - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The shipping company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.04. The firm had revenue of $544.64 million for the quarter, compared to the consensus estimate of $434.13 million. Costamare had a return on equity of 14.28% and a net margin of 19.11%. During the same quarter in the prior year, the business earned $0.46 EPS. As a group, equities analysts expect that Costamare Inc. will post 2.83 earnings per share for the current fiscal year.

Costamare Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Tuesday, January 21st will be given a $0.115 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $0.46 dividend on an annualized basis and a yield of 3.60%. Costamare's payout ratio is 15.28%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. StockNews.com cut Costamare from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Jefferies Financial Group restated a "hold" rating and issued a $13.00 target price on shares of Costamare in a research note on Friday, November 1st.

Costamare Profile