PDT Partners LLC Has $1.92 Million Position in Costamare Inc. (NYSE:CMRE)

PDT Partners LLC increased its position in shares of Costamare Inc. (NYSE:CMRE - Free Report) by 50.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,181 shares of the shipping company's stock after acquiring an additional 41,012 shares during the quarter. PDT Partners LLC owned 0.10% of Costamare worth $1,921,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC boosted its holdings in shares of Costamare by 1,700.0% during the 3rd quarter. nVerses Capital LLC now owns 1,800 shares of the shipping company's stock worth $28,000 after buying an additional 1,700 shares during the period. Gladius Capital Management LP acquired a new stake in shares of Costamare during the 3rd quarter worth about $35,000. CWM LLC increased its position in shares of Costamare by 53.6% during the 2nd quarter. CWM LLC now owns 4,302 shares of the shipping company's stock worth $71,000 after purchasing an additional 1,502 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new stake in Costamare in the 2nd quarter valued at about $80,000. Finally, Blue Trust Inc. increased its position in Costamare by 2,540.4% in the 3rd quarter. Blue Trust Inc. now owns 7,393 shares of the shipping company's stock valued at $121,000 after acquiring an additional 7,113 shares in the last quarter. Institutional investors and hedge funds own 58.08% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CMRE. Jefferies Financial Group restated a "hold" rating and issued a $13.00 price objective on shares of Costamare in a research report on Friday, November 1st. StockNews.com cut shares of Costamare from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd.

Costamare Stock Performance

NYSE CMRE traded down $0.11 on Friday, hitting $13.20. 156,119 shares of the stock were exchanged, compared to its average volume of 288,927. 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 business's fifty day moving average is $14.30 and its 200 day moving average is $14.61. Costamare Inc. has a 52 week low of $9.16 and a 52 week high of $17.58. The company has a market capitalization of $1.55 billion, a PE ratio of 4.39 and a beta of 1.37.

Costamare (NYSE:CMRE - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The shipping company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.04. The company had revenue of $544.64 million for the quarter, compared to analyst estimates of $434.13 million. Costamare had a net margin of 19.11% and a return on equity of 14.28%. During the same period in the prior year, the firm earned $0.46 earnings per share. Research analysts anticipate that Costamare Inc. will post 2.83 EPS for the current fiscal year.

Costamare Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Monday, October 21st were given a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend was Monday, October 21st. Costamare's payout ratio is presently 15.28%.

Costamare Profile