Segall Bryant & Hamill LLC Sells 99,943 Shares of Costamare Inc. (NYSE:CMRE)

Segall Bryant & Hamill LLC trimmed its position in Costamare Inc. (NYSE:CMRE - Free Report) by 24.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 307,017 shares of the shipping company's stock after selling 99,943 shares during the period. Segall Bryant & Hamill LLC owned 0.26% of Costamare worth $4,826,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Bridgeway Capital Management LLC increased its position in Costamare by 20.6% in the 1st quarter. Bridgeway Capital Management LLC now owns 1,583,997 shares of the shipping company's stock valued at $17,978,000 after acquiring an additional 270,168 shares during the period. Acadian Asset Management LLC increased its holdings in Costamare by 1,322.0% in the second quarter. Acadian Asset Management LLC now owns 1,469,697 shares of the shipping company's stock valued at $24,119,000 after purchasing an additional 1,366,344 shares during the period. American Century Companies Inc. increased its holdings in Costamare by 62.9% in the second quarter. American Century Companies Inc. now owns 621,764 shares of the shipping company's stock valued at $10,216,000 after purchasing an additional 239,970 shares during the period. Empowered Funds LLC raised its position in Costamare by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 572,708 shares of the shipping company's stock worth $9,003,000 after purchasing an additional 29,078 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in Costamare by 25,731.0% during the 2nd 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 period. Institutional investors and hedge funds own 58.08% of the company's stock.

Costamare Trading Up 1.6 %

CMRE traded up $0.23 during trading on Friday, reaching $14.29. 187,697 shares of the stock traded hands, compared to its average volume of 298,027. The company has a quick ratio of 1.56, a current ratio of 1.65 and a debt-to-equity ratio of 0.73. The stock's 50-day moving average is $14.37 and its 200 day moving average is $14.61. Costamare Inc. has a 12 month low of $9.16 and a 12 month high of $17.58. The stock has a market capitalization of $1.68 billion, a PE ratio of 4.75 and a beta of 1.37.

Costamare (NYSE:CMRE - Get Free Report) last announced its earnings results on Friday, November 1st. The shipping company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.64 by $0.04. The company had revenue of $544.64 million for the quarter, compared to analyst estimates 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 company earned $0.46 EPS. Equities analysts anticipate that Costamare Inc. will post 2.83 earnings per share for the current year.

Costamare Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Monday, October 21st were paid a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Monday, October 21st. Costamare's dividend payout ratio (DPR) is currently 15.28%.

Analyst Upgrades and Downgrades

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

About Costamare