Costamare Inc. (NYSE:CMRE - Get Free Report) shares hit a new 52-week low on Monday . The company traded as low as $9.66 and last traded at $9.84, with a volume of 141078 shares traded. The stock had previously closed at $9.96.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on CMRE. StockNews.com lowered Costamare from a "buy" rating to a "hold" rating in a research note on Friday, March 14th. Jefferies Financial Group restated a "hold" rating and issued a $13.00 price objective on shares of Costamare in a research report on Wednesday, February 5th.
Check Out Our Latest Stock Report on CMRE
Costamare Trading Up 0.2 %
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 firm has a market cap of $1.23 billion, a price-to-earnings ratio of 4.22 and a beta of 1.28. The business's 50-day moving average price is $10.63 and its two-hundred day moving average price is $12.61.
Costamare (NYSE:CMRE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.69 earnings per share 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%. Equities analysts expect that Costamare Inc. will post 2.52 earnings per share for the current year.
Costamare Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Tuesday, January 21st were given a $0.115 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $0.46 annualized dividend and a dividend yield of 4.47%. Costamare's dividend payout ratio is presently 18.85%.
Hedge Funds Weigh In On Costamare
A number of large investors have recently bought and sold shares of the stock. Aquatic Capital Management LLC acquired a new stake in shares of Costamare during the 4th quarter worth $45,000. New Age Alpha Advisors LLC acquired a new stake in Costamare during the fourth quarter worth about $50,000. Quarry LP lifted its stake in shares of 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 purchasing an additional 2,003 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Costamare by 27.1% during the 4th quarter. Legal & General Group Plc now owns 8,909 shares of the shipping company's stock worth $114,000 after purchasing an additional 1,900 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in Costamare during the 4th quarter worth approximately $130,000. Hedge funds and other institutional investors own 58.08% of the company's stock.
Costamare Company Profile
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