Costamare Inc. (NYSE:CMRE - Get Free Report) shares fell 3.2% during mid-day trading on Tuesday . The stock traded as low as $8.36 and last traded at $8.30. 83,404 shares were traded during trading, a decline of 83% from the average session volume of 476,703 shares. The stock had previously closed at $8.57.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Jefferies Financial Group reissued a "hold" rating and issued a $13.00 target price on shares of Costamare in a research note on Wednesday, February 5th. StockNews.com cut Costamare from a "buy" rating to a "hold" rating in a research note on Friday, March 14th.
View Our Latest Research Report on CMRE
Costamare Price Performance
The company has a current ratio of 1.65, a quick ratio of 1.56 and a debt-to-equity ratio of 0.73. The company's 50-day moving average price is $9.86 and its two-hundred day moving average price is $11.95. The company has a market cap of $1.01 billion, a P/E ratio of 3.45 and a beta of 1.11.
Costamare (NYSE:CMRE - Get Free Report) last released 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 net margin of 15.14% and a return on equity of 14.03%. As a group, sell-side analysts expect that Costamare Inc. will post 2.52 earnings per share for the current year.
Costamare Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Thursday, April 17th will be given a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 5.48%. The ex-dividend date of this dividend is Thursday, April 17th. Costamare's dividend payout ratio (DPR) is 18.85%.
Hedge Funds Weigh In On Costamare
Hedge funds and other institutional investors have recently made changes to their positions in the business. Aquatic Capital Management LLC bought a new stake in shares of Costamare during the 4th quarter worth about $45,000. New Age Alpha Advisors LLC bought a new stake in Costamare during the fourth quarter worth approximately $50,000. Legal & General Group Plc lifted 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 purchasing an additional 1,900 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Costamare during the 4th quarter valued at $130,000. Finally, Man Group plc bought a new stake in shares of Costamare in the 4th quarter worth $133,000. 58.08% of the stock is currently owned by institutional investors and hedge funds.
Costamare Company Profile
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Further Reading
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