Teachers Advisors LLC boosted its holdings in shares of Costamare (NYSE:CMRE) by 13.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 250,941 shares of the shipping company’s stock after buying an additional 30,704 shares during the quarter. Teachers Advisors LLC owned approximately 0.23% of Costamare worth $1,448,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in shares of Costamare by 83.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,598,487 shares of the shipping company’s stock worth $9,879,000 after purchasing an additional 729,015 shares during the period. Schroder Investment Management Group boosted its position in shares of Costamare by 1,202.0% in the fourth quarter. Schroder Investment Management Group now owns 531,200 shares of the shipping company’s stock worth $3,065,000 after purchasing an additional 490,400 shares during the period. Gilder Gagnon Howe & Co. LLC bought a new position in shares of Costamare in the fourth quarter worth approximately $1,715,000. Two Sigma Investments LP boosted its position in shares of Costamare by 798.7% in the fourth quarter. Two Sigma Investments LP now owns 280,859 shares of the shipping company’s stock worth $1,621,000 after purchasing an additional 249,609 shares during the period. Finally, BlackRock Inc. boosted its position in shares of Costamare by 7.3% in the fourth quarter. BlackRock Inc. now owns 2,478,286 shares of the shipping company’s stock worth $14,300,000 after purchasing an additional 168,122 shares during the period. Institutional investors own 23.58% of the company’s stock.
Shares of NYSE:CMRE opened at $6.77 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.82 and a quick ratio of 0.78. Costamare has a fifty-two week low of $5.45 and a fifty-two week high of $8.18. The firm has a market cap of $733.79, a P/E ratio of 8.73 and a beta of 1.99.
Costamare (NYSE:CMRE) last issued its earnings results on Tuesday, January 23rd. The shipping company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. Costamare had a net margin of 17.67% and a return on equity of 7.28%. The firm had revenue of $99.20 million during the quarter, compared to analyst estimates of $97.52 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. Costamare’s revenue for the quarter was down 8.9% on a year-over-year basis. research analysts anticipate that Costamare will post 0.69 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 8th. Investors of record on Friday, April 20th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, April 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.91%. Costamare’s dividend payout ratio is 51.95%.
CMRE has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Costamare from a “hold” rating to a “buy” rating in a research report on Friday, April 13th. Zacks Investment Research upgraded shares of Costamare from a “sell” rating to a “buy” rating and set a $6.50 price target for the company in a research report on Wednesday, December 27th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $6.83.
Costamare Inc owns and charters containerships to liner companies worldwide. As of February 23, 2018, it had a fleet of 71 containerships with a total capacity of approximately 466,000 twenty foot equivalent unit (TEU), including 64 vessels in the water, aggregating approximately 462,000 TEU; and 1 new build vessel of 3,800 TEU.
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