Costamare Inc. (NYSE:CMRE - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $8.67 and last traded at $8.87, with a volume of 260438 shares. The stock had previously closed at $8.95.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on CMRE shares. Jefferies Financial Group reissued a "hold" rating and set a $13.00 price target 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 research note on Friday, March 14th.
View Our Latest Analysis on CMRE
Costamare Stock Performance
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 cap of $1.08 billion, a PE ratio of 3.70 and a beta of 1.11. The company's 50 day moving average price is $10.07 and its 200-day moving average price is $12.25.
Costamare (NYSE:CMRE - Get Free Report) last issued its earnings results 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 return on equity of 14.03% and a net margin of 15.14%. Equities research analysts anticipate that Costamare Inc. will post 2.52 earnings per share for the current fiscal year.
Costamare Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Thursday, April 17th will be paid a $0.115 dividend. The ex-dividend date is Thursday, April 17th. This represents a $0.46 annualized dividend and a dividend yield of 5.10%. Costamare's payout ratio is 18.85%.
Hedge Funds Weigh In On Costamare
Several hedge funds have recently bought and sold shares of CMRE. Aquatic Capital Management LLC bought a new stake in Costamare during the fourth quarter valued at approximately $45,000. New Age Alpha Advisors LLC bought a new stake in shares of Costamare during the 4th quarter worth $50,000. Legal & General Group Plc grew its position in Costamare by 27.1% in the fourth quarter. Legal & General Group Plc now owns 8,909 shares of the shipping company's stock worth $114,000 after acquiring an additional 1,900 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Costamare in the fourth quarter worth $130,000. Finally, Man Group plc bought a new position in Costamare in the fourth quarter valued at $133,000. Hedge funds and other institutional investors own 58.08% of the company's stock.
Costamare Company Profile
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