SG Americas Securities LLC Acquires 10,308 Shares of Costamare Inc. (NYSE:CMRE)

SG Americas Securities LLC raised its position in Costamare Inc. (NYSE:CMRE) by 128.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,360 shares of the shipping company’s stock after purchasing an additional 10,308 shares during the quarter. SG Americas Securities LLC’s holdings in Costamare were worth $236,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. nVerses Capital LLC increased its holdings in shares of Costamare by 1,700.0% in the 3rd quarter. nVerses Capital LLC now owns 1,800 shares of the shipping company’s stock valued at $28,000 after acquiring an additional 1,700 shares during the period. Gladius Capital Management LP acquired a new position in shares of Costamare in the 3rd quarter valued at about $35,000. Quarry LP boosted its holdings in Costamare by 157.5% during the third quarter. Quarry LP now owns 3,275 shares of the shipping company’s stock worth $51,000 after buying an additional 2,003 shares in the last quarter. Blue Trust Inc. increased 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 buying an additional 7,113 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in Costamare in the 2nd quarter valued at about $185,000. Institutional investors own 58.08% of the company’s stock.

Analyst Upgrades and Downgrades

CMRE has been the topic of a number of analyst reports. StockNews.com downgraded Costamare from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Jefferies Financial Group reiterated a “hold” rating and issued a $13.00 price target on shares of Costamare in a research note on Wednesday.

Costamare Stock Down 6.8 %

Costamare stock opened at $10.68 on Friday. 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 fifty-two week low of $10.44 and a fifty-two week high of $17.58. The stock has a 50-day simple moving average of $12.53 and a 200-day simple moving average of $13.57. The company has a market capitalization of $1.26 billion, a P/E ratio of 3.55 and a beta of 1.31.

Costamare (NYSE:CMRE) last posted its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.66 by $0.03. Costamare had a return on equity of 14.28% and a net margin of 19.11%. Equities research analysts expect that Costamare Inc. will post 2.74 earnings per share for the current year.

Costamare Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Tuesday, January 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 4.31%. The ex-dividend date was Tuesday, January 21st. Costamare’s dividend payout ratio (DPR) is 18.85%.

Costamare Profile