Costamare Inc. (NYSE:CMRE - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $10.32 and last traded at $10.32, with a volume of 13105 shares trading hands. The stock had previously closed at $10.47.
Analyst Ratings Changes
Several analysts recently commented on CMRE shares. Jefferies Financial Group reiterated a "hold" rating and issued a $13.00 price objective on shares of Costamare in a research note on Wednesday, February 5th. StockNews.com lowered Costamare from a "buy" rating to a "hold" rating in a research note on Friday, January 31st.
Get Our Latest Stock Analysis on CMRE
Costamare Trading Up 1.4 %
The firm has a market cap of $1.25 billion, a PE ratio of 4.28 and a beta of 1.31. 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 business has a 50-day moving average price of $11.77 and a two-hundred day moving average price of $13.18.
Costamare (NYSE:CMRE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.03. Costamare had a net margin of 15.14% and a return on equity of 14.03%. Analysts forecast that Costamare Inc. will post 2.52 EPS for the current year.
Costamare Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Tuesday, January 21st were given 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 4.40%. Costamare's dividend payout ratio is currently 18.85%.
Institutional Investors Weigh In On Costamare
A number of large investors have recently bought and sold shares of CMRE. Sanctuary Advisors LLC raised its holdings in shares of Costamare by 577.2% in the third quarter. Sanctuary Advisors LLC now owns 76,309 shares of the shipping company's stock worth $1,200,000 after acquiring an additional 65,040 shares during the last quarter. Barclays PLC raised its stake in Costamare by 291.1% in the 3rd quarter. Barclays PLC now owns 59,016 shares of the shipping company's stock valued at $928,000 after purchasing an additional 43,925 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in Costamare in the 3rd quarter valued at about $886,000. Foundry Partners LLC purchased a new position in Costamare in the 3rd quarter valued at about $4,032,000. Finally, State Street Corp boosted its stake 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 worth $19,082,000 after purchasing an additional 30,986 shares during the last quarter. Institutional investors and hedge funds own 58.08% of the company's stock.
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