Robeco Institutional Asset Management B.V. Has $7.07 Million Stake in Costamare Inc. (NYSE:CMRE)

Robeco Institutional Asset Management B.V. boosted its stake in Costamare Inc. (NYSE:CMRE - Free Report) by 87.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 550,301 shares of the shipping company's stock after buying an additional 257,422 shares during the period. Robeco Institutional Asset Management B.V. owned 0.47% of Costamare worth $7,071,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Foundry Partners LLC acquired a new position in shares of Costamare during the third quarter valued at approximately $4,032,000. Horizon Kinetics Asset Management LLC boosted its stake in Costamare by 41.6% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 323,000 shares of the shipping company's stock valued at $5,078,000 after purchasing an additional 94,900 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of Costamare by 577.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 76,309 shares of the shipping company's stock valued at $1,200,000 after purchasing an additional 65,040 shares during the period. Oppenheimer & Co. Inc. bought a new position in Costamare during the third quarter valued at about $886,000. Finally, Barclays PLC lifted its holdings in Costamare by 291.1% in the 3rd quarter. Barclays PLC now owns 59,016 shares of the shipping company's stock valued at $928,000 after acquiring an additional 43,925 shares during the last quarter. Institutional investors and hedge funds own 58.08% of the company's stock.

Costamare Trading Down 2.1 %

NYSE CMRE traded down $0.25 on Wednesday, hitting $11.44. 627,250 shares of the company were exchanged, compared to its average volume of 355,550. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.65 and a quick ratio of 1.56. Costamare Inc. has a twelve month low of $10.29 and a twelve month high of $17.58. The firm has a market capitalization of $1.35 billion, a P/E ratio of 3.80 and a beta of 1.31. The company's 50 day moving average price is $12.58 and its 200-day moving average price is $13.59.

Costamare (NYSE:CMRE - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.03. Costamare had a net margin of 19.11% and a return on equity of 14.28%. Analysts predict that Costamare Inc. will post 2.74 earnings per share for the current fiscal year.

Costamare Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Tuesday, January 21st will be given a dividend of $0.115 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $0.46 dividend on an annualized basis and a yield of 4.02%. Costamare's payout ratio is presently 15.28%.

Analyst Ratings Changes

A number of brokerages recently weighed in on CMRE. Jefferies Financial Group restated a "hold" rating and set a $13.00 target price on shares of Costamare in a report on Wednesday. StockNews.com lowered Costamare from a "buy" rating to a "hold" rating in a research note on Friday, January 31st.

Costamare Company Profile