Horizon Kinetics Asset Management LLC Has $5.08 Million Stock Position in Costamare Inc. (NYSE:CMRE)

Horizon Kinetics Asset Management LLC boosted its holdings in Costamare Inc. (NYSE:CMRE) by 41.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 323,000 shares of the shipping company’s stock after buying an additional 94,900 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Costamare were worth $5,078,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Unison Advisors LLC increased its position in Costamare by 1.0% during the second quarter. Unison Advisors LLC now owns 82,707 shares of the shipping company’s stock worth $1,359,000 after acquiring an additional 854 shares during the period. SummerHaven Investment Management LLC grew its position in Costamare by 1.3% in the 2nd quarter. SummerHaven Investment Management LLC now owns 74,571 shares of the shipping company’s stock worth $1,225,000 after purchasing an additional 990 shares during the last quarter. Ballentine Partners LLC increased its holdings in shares of Costamare by 7.6% during the 3rd quarter. Ballentine Partners LLC now owns 14,262 shares of the shipping company’s stock worth $224,000 after purchasing an additional 1,012 shares during the period. CWM LLC raised its position in shares of Costamare by 53.6% during the second quarter. CWM LLC now owns 4,302 shares of the shipping company’s stock valued at $71,000 after buying an additional 1,502 shares during the last quarter. Finally, nVerses Capital LLC lifted its stake in shares of Costamare by 1,700.0% in the third quarter. nVerses Capital LLC now owns 1,800 shares of the shipping company’s stock valued at $28,000 after buying an additional 1,700 shares during the period. 58.08% of the stock is currently owned by institutional investors and hedge funds.

Costamare Price Performance

Shares of Costamare stock opened at $14.29 on Monday. Costamare Inc. has a twelve month low of $9.16 and a twelve month 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 firm has a market cap of $1.68 billion, a P/E ratio of 4.75 and a beta of 1.37. The firm’s 50-day simple moving average is $14.37 and its 200-day simple moving average is $14.62.

Costamare (NYSE:CMRE) last released its quarterly earnings data on Friday, November 1st. The shipping company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. Costamare had a return on equity of 14.28% and a net margin of 19.11%. The company had revenue of $544.64 million for the quarter, compared to the consensus estimate of $434.13 million. During the same period in the previous year, the business earned $0.46 earnings per share. As a group, research analysts expect that Costamare Inc. will post 2.83 EPS for the current fiscal year.

Costamare Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Monday, October 21st were paid a dividend of $0.115 per share. The ex-dividend date was Monday, October 21st. This represents a $0.46 annualized dividend and a yield of 3.22%. Costamare’s dividend payout ratio is currently 15.28%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CMRE shares. StockNews.com lowered Costamare from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group reissued a “hold” rating and set a $13.00 price objective on shares of Costamare in a report on Friday, November 1st.

Costamare Profile