Barclays PLC Increases Position in Costamare Inc. (NYSE:CMRE)

Barclays PLC boosted its position in Costamare Inc. (NYSE:CMRE) by 291.1% in the 3rd quarter, Holdings Channel reports. The fund owned 59,016 shares of the shipping company’s stock after purchasing an additional 43,925 shares during the period. Barclays PLC’s holdings in Costamare were worth $928,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CMRE. State Street Corp boosted its holdings in shares of Costamare by 2.6% during the third quarter. State Street Corp now owns 1,213,838 shares of the shipping company’s stock worth $19,082,000 after purchasing an additional 30,986 shares during the last quarter. American Century Companies Inc. grew its holdings in Costamare by 62.9% in the 2nd quarter. American Century Companies Inc. now owns 621,764 shares of the shipping company’s stock valued at $10,216,000 after buying an additional 239,970 shares during the period. Empowered Funds LLC increased its stake in shares of Costamare by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 572,708 shares of the shipping company’s stock valued at $9,003,000 after acquiring an additional 29,078 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Costamare by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 433,995 shares of the shipping company’s stock valued at $6,822,000 after acquiring an additional 15,983 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Costamare by 25,731.0% during the 2nd quarter. Federated Hermes Inc. now owns 401,414 shares of the shipping company’s stock worth $6,595,000 after acquiring an additional 399,860 shares during the period. 58.08% of the stock is currently owned by institutional investors and hedge funds.

Costamare Stock Performance

NYSE CMRE opened at $12.79 on Wednesday. The business’s 50-day simple moving average is $13.32 and its 200-day simple moving average is $14.02. The firm has a market capitalization of $1.50 billion, a P/E ratio of 4.25 and a beta of 1.33. Costamare Inc. has a 1-year low of $10.14 and a 1-year 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.

Costamare (NYSE:CMRE) last announced its quarterly earnings results 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 net margin of 19.11% and a return on equity of 14.28%. The firm had revenue of $544.64 million for the quarter, compared to analysts’ expectations of $434.13 million. During the same period in the previous year, the company posted $0.46 earnings per share. Equities analysts predict that Costamare Inc. will post 2.83 EPS for the current year.

Costamare Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Tuesday, January 21st will be issued a $0.115 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $0.46 annualized dividend and a yield of 3.60%. Costamare’s dividend payout ratio is currently 15.28%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CMRE. StockNews.com downgraded shares of Costamare from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Jefferies Financial Group restated a “hold” rating and set a $13.00 price objective on shares of Costamare in a report on Friday, November 1st.

Costamare Profile