Costamare Inc. (NYSE:CMRE) Shares Bought by DGS Capital Management LLC

DGS Capital Management LLC lifted its holdings in shares of Costamare Inc. (NYSE:CMRE) by 6.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,659 shares of the shipping company’s stock after buying an additional 1,238 shares during the period. DGS Capital Management LLC’s holdings in Costamare were worth $340,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. nVerses Capital LLC increased its stake in Costamare by 1,700.0% during the 3rd 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. Gladius Capital Management LP bought a new position in shares of Costamare in the third quarter valued at approximately $35,000. Quarry LP increased its stake in shares of Costamare by 157.5% during the third quarter. Quarry LP now owns 3,275 shares of the shipping company’s stock valued at $51,000 after acquiring an additional 2,003 shares during the period. CWM LLC raised its holdings in Costamare by 53.6% during the second quarter. CWM LLC now owns 4,302 shares of the shipping company’s stock worth $71,000 after purchasing an additional 1,502 shares in the last quarter. Finally, Redwood Wealth Management Group LLC acquired a new stake in Costamare in the second quarter worth approximately $80,000. 58.08% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. StockNews.com cut Costamare from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group reaffirmed a “hold” rating and set a $13.00 target price on shares of Costamare in a report on Friday, November 1st.

Costamare Stock Up 0.5 %

CMRE stock opened at $12.95 on Friday. The firm has a market cap of $1.52 billion, a PE ratio of 4.30 and a beta of 1.34. Costamare Inc. has a 12 month low of $9.68 and a 12 month high of $17.58. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.65 and a quick ratio of 1.56. The firm has a 50 day simple moving average of $13.86 and a 200 day simple moving average of $14.50.

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

Costamare Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Monday, October 21st were paid a $0.115 dividend. The ex-dividend date of this dividend was Monday, October 21st. This represents a $0.46 dividend on an annualized basis and a yield of 3.55%. Costamare’s dividend payout ratio is currently 15.28%.

Costamare Profile