Two Sigma Advisers LP grew its position in COSTAMARE INC/SH (NYSE:CMRE) by 23.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 168,600 shares of the shipping company’s stock after acquiring an additional 32,488 shares during the period. Two Sigma Advisers LP’s holdings in COSTAMARE INC/SH were worth $740,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in CMRE. Two Sigma Investments LP acquired a new position in shares of COSTAMARE INC/SH in the fourth quarter valued at about $75,000. California Public Employees Retirement System increased its holdings in shares of COSTAMARE INC/SH by 31.5% in the fourth quarter. California Public Employees Retirement System now owns 24,435 shares of the shipping company’s stock valued at $107,000 after purchasing an additional 5,852 shares during the period. GSA Capital Partners LLP acquired a new position in shares of COSTAMARE INC/SH in the fourth quarter valued at about $124,000. Stevens Capital Management LP acquired a new position in shares of COSTAMARE INC/SH in the fourth quarter valued at about $136,000. Finally, Cullen Frost Bankers Inc. increased its holdings in shares of COSTAMARE INC/SH by 58.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 49,087 shares of the shipping company’s stock valued at $215,000 after purchasing an additional 18,043 shares during the period. 21.38% of the stock is currently owned by institutional investors and hedge funds.
Shares of CMRE opened at $5.72 on Wednesday. COSTAMARE INC/SH has a 52 week low of $4.20 and a 52 week high of $8.39. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $639.92 million, a PE ratio of 13.62, a P/E/G ratio of 2.28 and a beta of 2.17.
COSTAMARE INC/SH (NYSE:CMRE) last issued its earnings results on Wednesday, January 23rd. The shipping company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. COSTAMARE INC/SH had a return on equity of 4.75% and a net margin of 17.68%. The firm had revenue of $103.90 million for the quarter, compared to the consensus estimate of $97.39 million. During the same quarter in the prior year, the business earned $0.17 earnings per share. The company’s revenue was up 6.2% compared to the same quarter last year. On average, research analysts predict that COSTAMARE INC/SH will post 0.5 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Monday, April 22nd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.99%. COSTAMARE INC/SH’s payout ratio is 95.24%.
A number of research analysts have recently weighed in on the company. Zacks Investment Research raised COSTAMARE INC/SH from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. ValuEngine raised COSTAMARE INC/SH from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Finally, Morgan Stanley set a $8.00 target price on COSTAMARE INC/SH and gave the stock a “buy” rating in a research note on Friday, February 15th.
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COSTAMARE INC/SH Profile
Costamare Inc owns and charters containerships to liner companies worldwide. As of February 27, 2019, it had a fleet of 78 containerships with a total capacity of approximately 548,000 twenty foot equivalent unit (TEU), including 73 vessels in the water, aggregating approximately 484,000 TEU; and 5 new build vessels of 64,000 TEU.
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