Costamare (NYSE:CMRE) Hits New 1-Year Low - Should You Sell?

Costamare Inc. (NYSE:CMRE - Get Free Report) hit a new 52-week low on Thursday . The company traded as low as $10.33 and last traded at $10.39, with a volume of 474072 shares. The stock had previously closed at $10.51.

Wall Street Analyst Weigh In

CMRE has been the topic of a number of recent research reports. StockNews.com lowered Costamare from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Jefferies Financial Group reiterated a "hold" rating and set a $13.00 target price on shares of Costamare in a research note on Wednesday, February 5th.

Costamare Stock Performance

The stock has a 50 day moving average price of $12.21 and a two-hundred day moving average price of $13.40. 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 company has a market cap of $1.25 billion, a P/E ratio of 4.37 and a beta of 1.31.

Costamare (NYSE:CMRE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.03. Costamare had a return on equity of 14.03% and a net margin of 15.14%. On average, research analysts predict that Costamare Inc. will post 2.73 earnings per share for the current fiscal year.

Costamare Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Tuesday, January 21st were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend was Tuesday, January 21st. Costamare's dividend payout ratio is presently 18.85%.

Institutional Investors Weigh In On Costamare

A number of large investors have recently modified their holdings of CMRE. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Costamare by 87.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 550,301 shares of the shipping company's stock valued at $7,071,000 after purchasing an additional 257,422 shares in the last quarter. Foundry Partners LLC acquired a new stake in shares of Costamare in the 3rd quarter valued at $4,032,000. American Century Companies Inc. boosted its holdings in shares of Costamare by 18.8% in the 4th quarter. American Century Companies Inc. now owns 1,077,400 shares of the shipping company's stock valued at $13,845,000 after purchasing an additional 170,412 shares in the last quarter. Essential Planning LLC. acquired a new stake in shares of Costamare in the 4th quarter valued at $1,718,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Costamare by 33.3% in the 4th quarter. JPMorgan Chase & Co. now owns 452,504 shares of the shipping company's stock valued at $5,815,000 after purchasing an additional 112,938 shares in the last quarter. Institutional investors and hedge funds own 58.08% of the company's stock.

Costamare Company Profile