Costamare Inc. (NYSE:CMRE) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its holdings in Costamare Inc. (NYSE:CMRE - Free Report) by 37.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 292,879 shares of the shipping company's stock after acquiring an additional 79,381 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.25% of Costamare worth $4,604,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. nVerses Capital LLC lifted its holdings in shares of Costamare by 1,700.0% during the third quarter. nVerses Capital LLC now owns 1,800 shares of the shipping company's stock worth $28,000 after purchasing an additional 1,700 shares during the period. CWM LLC lifted its position in shares of Costamare by 53.6% in the second quarter. CWM LLC now owns 4,302 shares of the shipping company's stock valued at $71,000 after acquiring an additional 1,502 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new stake in shares of Costamare in the 2nd quarter valued at $80,000. Blue Trust Inc. increased its position in shares of Costamare by 2,540.4% in the third quarter. Blue Trust Inc. now owns 7,393 shares of the shipping company's stock valued at $121,000 after buying an additional 7,113 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Costamare during the 1st quarter worth $132,000. Institutional investors and hedge funds own 58.08% of the company's stock.

Costamare Price Performance

Costamare stock traded down $0.23 during trading hours on Friday, hitting $14.31. 229,968 shares of the company traded hands, compared to its average volume of 322,027. The company has a quick ratio of 1.54, a current ratio of 1.65 and a debt-to-equity ratio of 0.73. The firm has a market cap of $1.68 billion, a P/E ratio of 4.75 and a beta of 1.37. Costamare Inc. has a 1-year low of $8.62 and a 1-year high of $17.58. The firm's 50-day simple moving average is $14.19 and its two-hundred day simple moving average is $14.43.

Costamare (NYSE:CMRE - Get Free Report) last posted its earnings results on Friday, November 1st. The shipping company reported $0.68 EPS 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 the consensus estimate of $434.13 million. Costamare had a return on equity of 14.28% and a net margin of 19.11%. During the same quarter in the prior year, the business earned $0.46 earnings per share. As a group, analysts forecast that Costamare Inc. will post 2.83 earnings per share for the current fiscal year.

Costamare Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Monday, October 21st were issued a dividend of $0.115 per share. The ex-dividend date was Monday, October 21st. This represents a $0.46 annualized dividend and a dividend yield of 3.21%. Costamare's payout ratio is 15.28%.

Analyst Ratings Changes

CMRE has been the topic of several research analyst reports. StockNews.com cut shares of Costamare from a "buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. Jefferies Financial Group reiterated a "hold" rating and issued a $13.00 price objective on shares of Costamare in a report on Friday, November 1st. Finally, Stifel Nicolaus upped their price objective on Costamare from $12.00 to $14.00 and gave the stock a "hold" rating in a research note on Wednesday, July 24th.

Costamare Company Profile