Renaissance Technologies LLC Sells 94,250 Shares of Costamare Inc. (NYSE:CMRE)

Renaissance Technologies LLC trimmed its holdings in shares of Costamare Inc. (NYSE:CMRE - Free Report) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,190,332 shares of the shipping company's stock after selling 94,250 shares during the period. Renaissance Technologies LLC owned approximately 1.01% of Costamare worth $15,296,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. New Age Alpha Advisors LLC acquired a new position in shares of Costamare during the 4th quarter valued at $50,000. Legal & General Group Plc lifted its holdings in Costamare by 27.1% in the 4th quarter. Legal & General Group Plc now owns 8,909 shares of the shipping company's stock valued at $114,000 after acquiring an additional 1,900 shares during the last quarter. Victory Capital Management Inc. bought a new position in shares of Costamare during the 4th quarter valued at about $130,000. Blue Trust Inc. grew its stake in shares of Costamare by 43.5% in the 4th quarter. Blue Trust Inc. now owns 10,606 shares of the shipping company's stock worth $136,000 after purchasing an additional 3,213 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Costamare in the 3rd quarter worth approximately $213,000. Institutional investors and hedge funds own 58.08% of the company's stock.

Costamare Trading Up 0.5 %

Shares of NYSE:CMRE traded up $0.05 during mid-day trading on Friday, hitting $8.93. The stock had a trading volume of 455,264 shares, compared to its average volume of 477,638. The company's 50 day moving average is $9.89 and its 200-day moving average is $12.02. Costamare Inc. has a 12-month low of $8.11 and a 12-month high of $17.58. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.56 and a current ratio of 1.65. The company has a market cap of $1.07 billion, a PE ratio of 3.66 and a beta of 1.11.

Costamare (NYSE:CMRE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.69 earnings per share (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%. On average, sell-side analysts predict that Costamare Inc. will post 2.52 EPS for the current year.

Costamare Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Thursday, April 17th will be issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date of this dividend is Thursday, April 17th. Costamare's dividend payout ratio is presently 18.85%.

Analyst Ratings Changes

Several research analysts have issued reports on CMRE shares. Jefferies Financial Group restated a "hold" rating and issued a $13.00 price target on shares of Costamare in a research report on Wednesday, February 5th. StockNews.com lowered Costamare from a "buy" rating to a "hold" rating in a research note on Friday, March 14th.

Costamare Company Profile