Costamare Inc. (NYSE:CMRE - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $10.58 and last traded at $10.72, with a volume of 116061 shares traded. The stock had previously closed at $10.72.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the company. Jefferies Financial Group restated a "hold" rating and set a $13.00 price objective on shares of Costamare in a research report on Wednesday, February 5th. StockNews.com downgraded Costamare from a "buy" rating to a "hold" rating in a report on Friday, January 31st.
Get Our Latest Stock Report on Costamare
Costamare Price Performance
The company has a fifty day simple moving average of $12.43 and a two-hundred day simple moving average of $13.50. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.56 and a current ratio of 1.65. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 4.30 and a beta of 1.31.
Costamare (NYSE:CMRE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.03. Costamare had a net margin of 15.14% and a return on equity of 14.03%. As a group, research analysts anticipate that Costamare Inc. will post 2.73 earnings per share for the current year.
Costamare Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Tuesday, January 21st were paid a dividend of $0.115 per share. The ex-dividend date was Tuesday, January 21st. This represents a $0.46 annualized dividend and a dividend yield of 4.39%. Costamare's dividend payout ratio is presently 18.85%.
Institutional Trading of Costamare
A number of institutional investors have recently added to or reduced their stakes in CMRE. nVerses Capital LLC boosted its position in Costamare by 1,700.0% during the 3rd quarter. nVerses Capital LLC now owns 1,800 shares of the shipping company's stock worth $28,000 after purchasing an additional 1,700 shares during the period. Gladius Capital Management LP purchased a new stake in Costamare during the 3rd quarter worth $35,000. Quarry LP boosted its position in Costamare by 157.5% in the 3rd quarter. Quarry LP now owns 3,275 shares of the shipping company's stock valued at $51,000 after buying an additional 2,003 shares during the last quarter. Blue Trust Inc. boosted its position in Costamare by 2,540.4% in the 3rd quarter. Blue Trust Inc. now owns 7,393 shares of the shipping company's stock valued at $121,000 after buying an additional 7,113 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new position in Costamare in the 4th quarter valued at about $130,000. 58.08% of the stock is owned by hedge funds and other institutional investors.
Costamare Company Profile
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