Sanctuary Advisors LLC Has $1.20 Million Holdings in Costamare Inc. (NYSE:CMRE)

Sanctuary Advisors LLC increased its position in shares of Costamare Inc. (NYSE:CMRE - Free Report) by 577.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,309 shares of the shipping company's stock after acquiring an additional 65,040 shares during the quarter. Sanctuary Advisors LLC owned about 0.06% of Costamare worth $1,200,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CMRE. Barclays PLC boosted its holdings in Costamare by 291.1% during the third quarter. Barclays PLC now owns 59,016 shares of the shipping company's stock worth $928,000 after buying an additional 43,925 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Costamare in the third quarter valued at about $213,000. Zacks Investment Management increased its stake in Costamare by 14.6% during the 3rd quarter. Zacks Investment Management now owns 18,988 shares of the shipping company's stock worth $298,000 after purchasing an additional 2,420 shares in the last quarter. State Street Corp increased its position in shares of Costamare by 2.6% during the third quarter. State Street Corp now owns 1,213,838 shares of the shipping company's stock worth $19,082,000 after acquiring an additional 30,986 shares in the last quarter. Finally, Quarry LP raised its stake in shares of Costamare by 157.5% in the 3rd quarter. Quarry LP now owns 3,275 shares of the shipping company's stock valued at $51,000 after purchasing an additional 2,003 shares during the period. Institutional investors own 58.08% of the company's stock.

Costamare Price Performance

NYSE CMRE traded down $0.03 on Friday, hitting $12.39. 423,657 shares of the company's stock were exchanged, compared to its average volume of 468,620. The stock has a 50-day moving average of $13.65 and a 200-day moving average of $14.39. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 4.12 and a beta of 1.34. Costamare Inc. has a 52 week low of $10.14 and a 52 week high of $17.58. The company has a current ratio of 1.65, a quick ratio of 1.56 and a debt-to-equity ratio of 0.73.

Costamare (NYSE:CMRE - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The shipping company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.04. The business had revenue of $544.64 million during 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 period in the prior year, the company earned $0.46 EPS. Analysts expect that Costamare Inc. will post 2.83 earnings per share for the current year.

Costamare Announces Dividend

The business 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 of this dividend was Monday, October 21st. This represents a $0.46 annualized dividend and a dividend yield of 3.71%. Costamare's dividend payout ratio (DPR) is presently 15.28%.

Wall Street Analyst Weigh In

CMRE has been the subject of a number of recent research reports. StockNews.com downgraded Costamare from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. Jefferies Financial Group reissued a "hold" rating and set a $13.00 price target on shares of Costamare in a research report on Friday, November 1st.

Costamare Profile