Horizon Kinetics Asset Management LLC Has $4.13 Million Stake in Costamare Inc. (NYSE:CMRE)

Horizon Kinetics Asset Management LLC decreased its position in shares of Costamare Inc. (NYSE:CMRE) by 0.4% during the 4th quarter, HoldingsChannel reports. The fund owned 321,600 shares of the shipping company’s stock after selling 1,400 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Costamare were worth $4,133,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. lifted its holdings in Costamare by 87.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 550,301 shares of the shipping company’s stock worth $7,071,000 after buying an additional 257,422 shares during the period. Foundry Partners LLC acquired a new position in Costamare during the 3rd quarter worth about $4,032,000. Essential Planning LLC. acquired a new position in Costamare during the 4th quarter worth about $1,718,000. Raymond James Financial Inc. acquired a new position in Costamare during the 4th quarter worth about $1,399,000. Finally, Sanctuary Advisors LLC lifted its holdings in Costamare by 577.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 76,309 shares of the shipping company’s stock worth $1,200,000 after buying an additional 65,040 shares during the period. Institutional investors and hedge funds own 58.08% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Jefferies Financial Group reaffirmed a “hold” rating and set a $13.00 target price on shares of Costamare in a report on Wednesday, February 5th. StockNews.com lowered Costamare from a “buy” rating to a “hold” rating in a research report on Friday.

Costamare Stock Performance

CMRE stock opened at $10.28 on Monday. The stock has a 50-day moving average price of $11.17 and a 200-day moving average price of $12.88. Costamare Inc. has a 1-year low of $9.66 and a 1-year high of $17.58. The company has a current ratio of 1.65, a quick ratio of 1.56 and a debt-to-equity ratio of 0.73. The firm has a market cap of $1.23 billion, a PE ratio of 4.21 and a beta of 1.28.

Costamare (NYSE:CMRE) last posted its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.69 earnings per share for the quarter, topping the consensus estimate 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 research analysts expect that Costamare Inc. will post 2.52 earnings per share for the current year.

Costamare Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Tuesday, January 21st were given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend was Tuesday, January 21st. Costamare’s payout ratio is 18.85%.

Costamare Company Profile