Federated Hermes Inc. boosted its holdings in shares of Costamare Inc. (NYSE:CMRE - Free Report) by 10.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 817,359 shares of the shipping company's stock after buying an additional 78,377 shares during the quarter. Federated Hermes Inc. owned about 0.69% of Costamare worth $10,503,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. New Age Alpha Advisors LLC bought a new position in Costamare in the 4th quarter worth $50,000. Victory Capital Management Inc. acquired a new position in shares of Costamare during the 4th quarter worth about $130,000. Blue Trust Inc. boosted its stake in Costamare by 43.5% during the 4th quarter. Blue Trust Inc. now owns 10,606 shares of the shipping company's stock valued at $136,000 after purchasing an additional 3,213 shares during the period. Public Employees Retirement System of Ohio bought a new position in Costamare in the 3rd quarter worth approximately $213,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Costamare during the fourth quarter worth approximately $216,000. 58.08% of the stock is currently owned by institutional investors.
Costamare Stock Performance
Costamare stock traded up $0.06 on Monday, hitting $9.05. The company's stock had a trading volume of 433,389 shares, compared to its average volume of 473,906. Costamare Inc. has a one year low of $8.11 and a one year high of $17.58. The firm has a market cap of $1.09 billion, a P/E ratio of 3.71 and a beta of 1.11. 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 fifty day moving average price of $10.07 and a 200-day moving average price of $12.23.
Costamare (NYSE:CMRE - Get Free Report) last posted its earnings results on Wednesday, February 5th. The shipping company reported $0.69 earnings per share 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%. On average, equities analysts anticipate that Costamare Inc. will post 2.52 earnings per share for the current year.
Costamare Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 6th. Investors of record on Thursday, April 17th will be paid a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 5.08%. The ex-dividend date of this dividend is Thursday, April 17th. Costamare's dividend payout ratio is 18.85%.
Analysts Set New Price Targets
Several research firms recently commented on CMRE. StockNews.com cut shares of Costamare from a "buy" rating to a "hold" rating in a research note on Friday, March 14th. Jefferies Financial Group reissued a "hold" rating and set a $13.00 target price on shares of Costamare in a research report on Wednesday, February 5th.
View Our Latest Report on Costamare
Costamare Company Profile
(
Free Report)
Featured Stories
Before you consider Costamare, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Costamare wasn't on the list.
While Costamare currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
