Costamare Inc. (NYSE:CMRE) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its stake in Costamare Inc. (NYSE:CMRE - Free Report) by 93.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,052 shares of the shipping company's stock after selling 113,595 shares during the quarter. SG Americas Securities LLC's holdings in Costamare were worth $127,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new position in shares of Costamare during the second quarter valued at approximately $185,000. B. Riley Wealth Advisors Inc. increased its position in shares of Costamare by 39.0% during the second quarter. B. Riley Wealth Advisors Inc. now owns 16,188 shares of the shipping company's stock worth $266,000 after purchasing an additional 4,544 shares in the last quarter. Creative Planning raised its stake in Costamare by 5.2% in the 2nd quarter. Creative Planning now owns 55,067 shares of the shipping company's stock valued at $905,000 after purchasing an additional 2,703 shares during the last quarter. Susquehanna Fundamental Investments LLC lifted its holdings in Costamare by 408.6% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 118,495 shares of the shipping company's stock valued at $1,947,000 after purchasing an additional 95,196 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in Costamare by 69.8% during the 2nd quarter. AQR Capital Management LLC now owns 77,622 shares of the shipping company's stock worth $1,275,000 after purchasing an additional 31,896 shares during the last quarter. 58.08% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CMRE has been the topic of several research reports. Jefferies Financial Group raised their price target on shares of Costamare from $12.00 to $13.00 and gave the stock a "hold" rating in a research note on Wednesday, July 31st. StockNews.com lowered shares of Costamare from a "buy" rating to a "hold" rating in a research note on Wednesday. Finally, Stifel Nicolaus upped their price target on Costamare from $12.00 to $14.00 and gave the company a "hold" rating in a research report on Wednesday, July 24th.

Costamare Trading Up 1.0 %

Costamare stock traded up $0.13 during midday trading on Friday, hitting $13.66. 280,487 shares of the stock were exchanged, compared to its average volume of 502,168. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 5.29 and a beta of 1.37. The stock's 50-day simple moving average is $14.19 and its 200 day simple moving average is $14.26. Costamare Inc. has a fifty-two week low of $8.54 and a fifty-two week high of $17.58.

Costamare (NYSE:CMRE - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The shipping company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.05. Costamare had a return on equity of 13.63% and a net margin of 19.63%. The firm had revenue of $515.42 million for the quarter, compared to analysts' expectations of $380.41 million. On average, equities analysts anticipate that Costamare Inc. will post 3.05 EPS for the current year.

Costamare Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Monday, October 21st will be given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Monday, October 21st. Costamare's payout ratio is 17.83%.

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