XTX Topco Ltd Takes Position in Costamare Inc. (NYSE:CMRE)

XTX Topco Ltd bought a new stake in Costamare Inc. (NYSE:CMRE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 29,725 shares of the shipping company's stock, valued at approximately $382,000.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp raised its stake in Costamare by 2.6% in the 3rd quarter. State Street Corp now owns 1,213,838 shares of the shipping company's stock valued at $19,082,000 after purchasing an additional 30,986 shares during the last quarter. Barclays PLC raised its position in shares of Costamare by 291.1% in the third quarter. Barclays PLC now owns 59,016 shares of the shipping company's stock valued at $928,000 after buying an additional 43,925 shares during the last quarter. DGS Capital Management LLC lifted its stake in shares of Costamare by 6.1% in the third quarter. DGS Capital Management LLC now owns 21,659 shares of the shipping company's stock worth $340,000 after buying an additional 1,238 shares in the last quarter. Principal Financial Group Inc. boosted its position in Costamare by 34.2% during the third quarter. Principal Financial Group Inc. now owns 59,177 shares of the shipping company's stock worth $930,000 after acquiring an additional 15,092 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Costamare by 3.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 339,566 shares of the shipping company's stock valued at $5,338,000 after acquiring an additional 11,076 shares during the last quarter. Hedge funds and other institutional investors own 58.08% of the company's stock.

Wall Street Analyst Weigh In

CMRE has been the topic of several recent research reports. Jefferies Financial Group restated a "hold" rating and set a $13.00 target price on shares of Costamare in a report on Wednesday, February 5th. StockNews.com lowered Costamare from a "buy" rating to a "hold" rating in a report on Friday, March 14th.

Costamare Trading Up 0.2 %

Shares of Costamare stock traded up $0.02 on Friday, reaching $9.19. The company had a trading volume of 437,964 shares, compared to its average volume of 481,359. The firm's 50 day moving average price is $9.72 and its two-hundred day moving average price is $11.83. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.56 and a current ratio of 1.65. Costamare Inc. has a 52-week low of $8.11 and a 52-week high of $17.58. The firm has a market cap of $1.10 billion, a PE ratio of 3.77 and a beta of 1.11.

Costamare (NYSE:CMRE - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.66 by $0.03. Costamare had a return on equity of 14.03% and a net margin of 15.14%. Sell-side analysts predict that Costamare Inc. will post 2.52 earnings per share for the current fiscal year.

Costamare Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Thursday, April 17th will be paid a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 5.01%. The ex-dividend date of this dividend is Thursday, April 17th. Costamare's payout ratio is 18.85%.

About Costamare