Costamare Inc. (NYSE:CMRE) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC lifted its holdings in Costamare Inc. (NYSE:CMRE) by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 602,062 shares of the shipping company’s stock after buying an additional 29,354 shares during the period. Empowered Funds LLC’s holdings in Costamare were worth $7,736,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ballentine Partners LLC increased its stake in shares of Costamare by 7.6% in the 3rd quarter. Ballentine Partners LLC now owns 14,262 shares of the shipping company’s stock worth $224,000 after acquiring an additional 1,012 shares during the last quarter. DGS Capital Management LLC grew its holdings 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 valued at $340,000 after purchasing an additional 1,238 shares during the period. nVerses Capital LLC increased its position in Costamare by 1,700.0% during the third quarter. nVerses Capital LLC now owns 1,800 shares of the shipping company’s stock worth $28,000 after purchasing an additional 1,700 shares during the last quarter. Quarry LP raised its stake in Costamare by 157.5% during the third quarter. Quarry LP now owns 3,275 shares of the shipping company’s stock worth $51,000 after purchasing an additional 2,003 shares during the period. Finally, Gladius Capital Management LP purchased a new position in Costamare during the third quarter worth about $35,000. 58.08% of the stock is currently owned by institutional investors and hedge funds.

Costamare Stock Performance

NYSE:CMRE opened at $10.57 on Tuesday. Costamare Inc. has a 52 week low of $10.44 and a 52 week high of $17.58. The company has a fifty day simple moving average of $12.43 and a two-hundred day simple moving average of $13.50. The company has a quick ratio of 1.56, a current ratio of 1.65 and a debt-to-equity ratio of 0.73. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 4.33 and a beta of 1.31.

Costamare (NYSE:CMRE) last posted its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. Costamare had a return on equity of 14.03% and a net margin of 15.14%. As a group, equities analysts anticipate that Costamare Inc. will post 2.73 earnings per share for the current fiscal year.

Costamare Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Tuesday, January 21st were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend was Tuesday, January 21st. Costamare’s dividend payout ratio (DPR) is presently 18.85%.

Analyst Ratings Changes

Several research firms have recently weighed in on CMRE. Jefferies Financial Group reissued a “hold” rating and issued a $13.00 price target on shares of Costamare in a research note on Wednesday, February 5th. StockNews.com cut shares of Costamare from a “buy” rating to a “hold” rating in a research report on Friday, January 31st.

Costamare Company Profile