Costamare Inc. (NYSE:CMRE) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its holdings in Costamare Inc. (NYSE:CMRE) by 14.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 371,153 shares of the shipping company’s stock after selling 62,842 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.32% of Costamare worth $4,769,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CMRE. Robeco Institutional Asset Management B.V. raised its holdings in Costamare by 87.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 550,301 shares of the shipping company’s stock worth $7,071,000 after purchasing an additional 257,422 shares in the last quarter. Sanctuary Advisors LLC grew its position in shares of Costamare by 577.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 76,309 shares of the shipping company’s stock valued at $1,200,000 after buying an additional 65,040 shares during the last quarter. Barclays PLC lifted its position in Costamare by 291.1% in the third quarter. Barclays PLC now owns 59,016 shares of the shipping company’s stock valued at $928,000 after acquiring an additional 43,925 shares during the last quarter. PDT Partners LLC boosted its stake in Costamare by 50.5% in the third quarter. PDT Partners LLC now owns 122,181 shares of the shipping company’s stock valued at $1,921,000 after acquiring an additional 41,012 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Costamare by 141.9% during the third quarter. BNP Paribas Financial Markets now owns 62,773 shares of the shipping company’s stock worth $987,000 after purchasing an additional 36,822 shares during the last quarter. 58.08% of the stock is currently owned by hedge funds and other institutional investors.

Costamare Trading Down 1.5 %

Shares of Costamare stock opened at $10.10 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.56 and a current ratio of 1.65. The company has a market capitalization of $1.21 billion, a P/E ratio of 4.14 and a beta of 1.28. Costamare Inc. has a 1 year low of $9.66 and a 1 year high of $17.58. The company’s fifty day moving average is $10.86 and its two-hundred day moving average is $12.72.

Costamare (NYSE:CMRE) last announced its earnings results on Wednesday, February 5th. The shipping company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03. Costamare had a net margin of 15.14% and a return on equity of 14.03%. Analysts forecast that Costamare Inc. will post 2.52 earnings per share for the current year.

Costamare Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Tuesday, January 21st were paid a $0.115 dividend. The ex-dividend date was Tuesday, January 21st. This represents a $0.46 annualized dividend and a dividend yield of 4.55%. Costamare’s dividend payout ratio (DPR) is currently 18.85%.

Analyst Ratings Changes

A number of analysts have recently commented on CMRE shares. Jefferies Financial Group reiterated a “hold” rating and set a $13.00 target price on shares of Costamare in a research report on Wednesday, February 5th. StockNews.com lowered Costamare from a “buy” rating to a “hold” rating in a research report on Friday, March 14th.

About Costamare