Aristides Capital LLC Lowers Holdings in Costamare Inc. (NYSE:CMRE)

Aristides Capital LLC lessened its holdings in shares of Costamare Inc. (NYSE:CMRE) by 10.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,574 shares of the shipping company’s stock after selling 2,212 shares during the quarter. Aristides Capital LLC’s holdings in Costamare were worth $322,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in shares of Costamare by 197.8% during the fourth quarter. Parallel Advisors LLC now owns 4,059 shares of the shipping company’s stock valued at $42,000 after buying an additional 2,696 shares during the last quarter. Quarry LP grew its stake in Costamare by 48.5% during the fourth quarter. Quarry LP now owns 4,216 shares of the shipping company’s stock valued at $44,000 after acquiring an additional 1,376 shares in the last quarter. CWM LLC increased its holdings in Costamare by 53.6% in the 2nd quarter. CWM LLC now owns 4,302 shares of the shipping company’s stock valued at $71,000 after acquiring an additional 1,502 shares during the last quarter. Redwood Wealth Management Group LLC purchased a new stake in Costamare in the 2nd quarter worth $80,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Costamare in the 1st quarter worth $132,000. 58.08% of the stock is owned by hedge funds and other institutional investors.

Costamare Trading Up 1.2 %

CMRE stock opened at $15.72 on Tuesday. The firm’s fifty day simple moving average is $14.06 and its two-hundred day simple moving average is $13.86. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 6.09 and a beta of 1.37. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 0.77. Costamare Inc. has a twelve month low of $8.54 and a twelve month high of $17.58.

Costamare (NYSE:CMRE) last posted its quarterly earnings data on Wednesday, July 31st. The shipping company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.05. The company had revenue of $515.42 million for the quarter, compared to analyst estimates of $380.41 million. Costamare had a net margin of 19.63% and a return on equity of 13.63%. As a group, analysts anticipate that Costamare Inc. will post 3.05 earnings per share for the current year.

Wall Street Analyst Weigh In

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

About Costamare