Short Interest in Costamare Inc. (NYSE:CMRE) Decreases By 9.4%

Costamare Inc. (NYSE:CMRE - Get Free Report) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 2,210,000 shares, a decrease of 9.4% from the November 15th total of 2,440,000 shares. Currently, 5.1% of the company's shares are sold short. Based on an average daily trading volume, of 320,200 shares, the short-interest ratio is currently 6.9 days.

Costamare Trading Up 0.5 %

CMRE traded up $0.07 during trading on Friday, hitting $12.95. The company's stock had a trading volume of 189,397 shares, compared to its average volume of 472,481. The firm has a market capitalization of $1.52 billion, a P/E ratio of 4.30 and a beta of 1.34. Costamare has a twelve month low of $9.68 and a twelve month high of $17.58. The stock's fifty day moving average price is $13.86 and its 200-day moving average price is $14.50. The company has a quick ratio of 1.56, a current ratio of 1.65 and a debt-to-equity ratio of 0.73.

Costamare (NYSE:CMRE - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The shipping company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.04. The company had revenue of $544.64 million during the quarter, compared to analyst estimates of $434.13 million. Costamare had a net margin of 19.11% and a return on equity of 14.28%. During the same quarter in the previous year, the business posted $0.46 EPS. Analysts anticipate that Costamare will post 2.83 EPS for the current year.

Costamare Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Monday, October 21st were paid a $0.115 dividend. The ex-dividend date was Monday, October 21st. This represents a $0.46 annualized dividend and a dividend yield of 3.55%. Costamare's dividend payout ratio is presently 15.28%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its holdings in Costamare by 1,322.0% during the second quarter. Acadian Asset Management LLC now owns 1,469,697 shares of the shipping company's stock worth $24,119,000 after buying an additional 1,366,344 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Costamare by 25,731.0% in the 2nd quarter. Federated Hermes Inc. now owns 401,414 shares of the shipping company's stock worth $6,595,000 after acquiring an additional 399,860 shares during the last quarter. Marshall Wace LLP lifted its position in Costamare by 985.5% in the 2nd quarter. Marshall Wace LLP now owns 357,557 shares of the shipping company's stock valued at $5,875,000 after acquiring an additional 324,618 shares in the last quarter. Foundry Partners LLC acquired a new position in Costamare during the 3rd quarter valued at about $4,032,000. Finally, American Century Companies Inc. boosted its stake in Costamare by 62.9% during the 2nd 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 last quarter. 58.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on CMRE shares. StockNews.com lowered shares of 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 report on Friday, November 1st.

Costamare Company Profile