Costamare Inc. (NYSE:CMRE) Holdings Increased by American Century Companies Inc.

American Century Companies Inc. increased its stake in Costamare Inc. (NYSE:CMRE) by 62.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 621,764 shares of the shipping company’s stock after acquiring an additional 239,970 shares during the period. American Century Companies Inc. owned approximately 0.53% of Costamare worth $10,216,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in Costamare by 12.7% in the 4th quarter. Victory Capital Management Inc. now owns 13,252 shares of the shipping company’s stock valued at $138,000 after acquiring an additional 1,498 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Costamare by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 470,687 shares of the shipping company’s stock worth $4,900,000 after acquiring an additional 14,126 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Costamare by 145.1% during the fourth quarter. BNP Paribas Financial Markets now owns 81,793 shares of the shipping company’s stock valued at $851,000 after purchasing an additional 48,419 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Costamare during the fourth quarter valued at $450,000. Finally, Trexquant Investment LP acquired a new position in shares of Costamare in the 4th quarter valued at $196,000. Institutional investors and hedge funds own 58.08% of the company’s stock.

Analyst Ratings Changes

CMRE has been the topic of several recent analyst reports. Jefferies Financial Group boosted their price objective on Costamare from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Stifel Nicolaus upped their price target on shares of Costamare from $12.00 to $14.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Finally, StockNews.com upgraded shares of Costamare from a “hold” rating to a “buy” rating in a research report on Friday, August 23rd.

Costamare Price Performance

NYSE CMRE opened at $14.43 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.61 and a quick ratio of 1.54. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 5.59 and a beta of 1.37. The company has a 50 day simple moving average of $14.02 and a 200-day simple moving average of $13.69. Costamare Inc. has a 52-week low of $8.54 and a 52-week high of $17.58.

Costamare (NYSE:CMRE) last released its earnings results on Wednesday, July 31st. The shipping company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.05. Costamare had a net margin of 19.63% and a return on equity of 13.63%. The company had revenue of $515.42 million during the quarter, compared to the consensus estimate of $380.41 million. Equities research analysts predict that Costamare Inc. will post 3.05 earnings per share for the current fiscal year.

Costamare Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 6th. Shareholders of record on Friday, July 19th were given a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 3.19%. The ex-dividend date was Friday, July 19th. Costamare’s payout ratio is currently 17.83%.

Costamare Company Profile