Costamare Inc. (NYSE:CMRE) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC decreased its holdings in shares of Costamare Inc. (NYSE:CMRE - Free Report) by 86.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,175 shares of the shipping company's stock after selling 66,134 shares during the quarter. Sanctuary Advisors LLC's holdings in Costamare were worth $120,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. DGS Capital Management LLC increased its holdings in Costamare by 6.1% in the 3rd quarter. DGS Capital Management LLC now owns 21,659 shares of the shipping company's stock valued at $340,000 after purchasing an additional 1,238 shares during the last quarter. Quarry LP grew its holdings in shares of Costamare by 157.5% in the third 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 in the last quarter. Gladius Capital Management LP acquired a new position in shares of Costamare in the third quarter valued at approximately $35,000. Zacks Investment Management grew its holdings in shares of Costamare by 14.6% in the third quarter. Zacks Investment Management now owns 18,988 shares of the shipping company's stock valued at $298,000 after purchasing an additional 2,420 shares in the last quarter. Finally, ClearAlpha Technologies LP grew its holdings in shares of Costamare by 11.0% in the third quarter. ClearAlpha Technologies LP now owns 31,379 shares of the shipping company's stock valued at $493,000 after purchasing an additional 3,108 shares in the last quarter. Institutional investors and hedge funds own 58.08% of the company's stock.

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Analysts Set New Price Targets

CMRE has been the subject of a number of analyst reports. StockNews.com raised Costamare from a "hold" rating to a "buy" rating in a research report on Thursday. Jefferies Financial Group reissued a "hold" rating and issued a $13.00 price target on shares of Costamare in a report on Wednesday, February 5th.

Costamare Price Performance

Costamare stock traded up $0.11 during midday trading on Friday, reaching $10.35. The company's stock had a trading volume of 631,551 shares, compared to its average volume of 444,767. Costamare Inc. has a fifty-two week low of $9.66 and a fifty-two week 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 stock's 50 day simple moving average is $11.45 and its 200 day simple moving average is $13.01. The firm has a market capitalization of $1.24 billion, a PE ratio of 4.24 and a beta of 1.28.

Costamare (NYSE:CMRE - Get Free Report) last released its earnings results on Wednesday, February 5th. The shipping company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.03. Costamare had a return on equity of 14.03% and a net margin of 15.14%. On average, equities research analysts forecast that Costamare Inc. will post 2.52 earnings per share for the current year.

Costamare Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Tuesday, January 21st were issued a dividend of $0.115 per share. The ex-dividend date was Tuesday, January 21st. This represents a $0.46 annualized dividend and a yield of 4.45%. Costamare's dividend payout ratio is presently 18.85%.

Costamare Company Profile