Allspring Global Investments Holdings LLC Has $239,000 Holdings in Costamare Inc. (NYSE:CMRE)

Allspring Global Investments Holdings LLC reduced its position in Costamare Inc. (NYSE:CMRE) by 73.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,204 shares of the shipping company’s stock after selling 42,573 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Costamare were worth $239,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Blue Trust Inc. grew its position in shares of Costamare by 2,540.4% in the third quarter. Blue Trust Inc. now owns 7,393 shares of the shipping company’s stock valued at $121,000 after purchasing an additional 7,113 shares during the last quarter. nVerses Capital LLC lifted its position in shares of 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 in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Costamare during the second quarter worth $185,000. B. Riley Wealth Advisors Inc. grew its position in shares of Costamare by 39.0% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 16,188 shares of the shipping company’s stock worth $266,000 after buying an additional 4,544 shares during the period. Finally, Creative Planning boosted its position in shares of Costamare by 5.2% in the 2nd quarter. Creative Planning now owns 55,067 shares of the shipping company’s stock worth $905,000 after purchasing an additional 2,703 shares during the last quarter. 58.08% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on CMRE. Stifel Nicolaus lifted their target price on Costamare from $12.00 to $14.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. StockNews.com downgraded shares of Costamare from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $13.00 price objective on shares of Costamare in a research report on Friday.

Costamare Stock Performance

CMRE opened at $13.73 on Monday. The firm has a market cap of $1.62 billion, a P/E ratio of 4.85 and a beta of 1.37. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.54 and a current ratio of 1.61. Costamare Inc. has a 52-week low of $8.61 and a 52-week high of $17.58. The business’s fifty day moving average is $14.16 and its 200-day moving average is $14.34.

Costamare Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Monday, October 21st will be given a dividend of $0.115 per share. The ex-dividend date of this dividend is Monday, October 21st. This represents a $0.46 annualized dividend and a dividend yield of 3.35%. Costamare’s dividend payout ratio is 16.25%.

Costamare Profile