Costamare Inc. (NYSE:CMRE) Shares Bought by US Bancorp DE

US Bancorp DE lifted its position in shares of Costamare Inc. (NYSE:CMRE) by 1,385.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,837 shares of the shipping company’s stock after buying an additional 11,040 shares during the quarter. US Bancorp DE’s holdings in Costamare were worth $186,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CMRE. Allspring Global Investments Holdings LLC grew its position in shares of Costamare by 3.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 40,427 shares of the shipping company’s stock valued at $459,000 after purchasing an additional 1,390 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Costamare by 24.4% during the 1st quarter. BNP Paribas Financial Markets now owns 101,791 shares of the shipping company’s stock valued at $1,155,000 after acquiring an additional 19,998 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Costamare by 56,543.3% during the 1st quarter. Russell Investments Group Ltd. now owns 143,874 shares of the shipping company’s stock worth $1,633,000 after acquiring an additional 143,620 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Costamare by 12.7% during the 1st quarter. Vanguard Group Inc. now owns 319,385 shares of the shipping company’s stock worth $3,625,000 after acquiring an additional 35,903 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Costamare in the first quarter worth approximately $1,172,000. Institutional investors and hedge funds own 58.08% of the company’s stock.

Costamare Stock Up 1.9 %

CMRE opened at $14.55 on Friday. The company has a market cap of $1.71 billion, a PE ratio of 4.83 and a beta of 1.37. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.56 and a current ratio of 1.65. Costamare Inc. has a 1 year low of $9.16 and a 1 year high of $17.58. The firm has a 50 day moving average price of $14.24 and a 200 day moving average price of $14.51.

Costamare (NYSE:CMRE) last released its quarterly earnings data on Friday, November 1st. The shipping company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.04. Costamare had a net margin of 19.11% and a return on equity of 14.28%. The company had revenue of $544.64 million during the quarter, compared to analyst estimates of $434.13 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. Sell-side analysts expect that Costamare Inc. will post 2.83 earnings per share for the current year.

Costamare Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Monday, October 21st were paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend was Monday, October 21st. Costamare’s dividend payout ratio is presently 15.28%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $13.00 price target on shares of Costamare in a research report on Friday, November 1st. StockNews.com downgraded Costamare from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus increased their target price on Costamare from $12.00 to $14.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th.

About Costamare