Costamare Inc. (NYSE:CMRE) Shares Purchased by Barclays PLC

Barclays PLC boosted its position in Costamare Inc. (NYSE:CMRE) by 291.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,016 shares of the shipping company’s stock after buying an additional 43,925 shares during the period. Barclays PLC owned approximately 0.05% of Costamare worth $928,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Oppenheimer & Co. Inc. purchased a new stake in shares of Costamare in the third quarter valued at about $886,000. Foundry Partners LLC acquired a new stake in Costamare in the third quarter valued at about $4,032,000. Federated Hermes Inc. lifted its position in Costamare by 25,731.0% in the second quarter. Federated Hermes Inc. now owns 401,414 shares of the shipping company’s stock valued at $6,595,000 after purchasing an additional 399,860 shares during the period. State Street Corp boosted its holdings in Costamare by 2.6% in the 3rd quarter. State Street Corp now owns 1,213,838 shares of the shipping company’s stock valued at $19,082,000 after purchasing an additional 30,986 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in Costamare during the 3rd quarter worth approximately $195,000. 58.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CMRE. Jefferies Financial Group reissued a “hold” rating and issued a $13.00 price target on shares of Costamare in a report on Friday, November 1st. StockNews.com downgraded Costamare from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd.

Costamare Price Performance

CMRE stock opened at $12.79 on Wednesday. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 4.25 and a beta of 1.33. The company has a current ratio of 1.65, a quick ratio of 1.56 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average of $13.32 and a 200-day moving average of $14.02. Costamare Inc. has a 12-month low of $10.14 and a 12-month high of $17.58.

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

Costamare Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Tuesday, January 21st will be given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date is Tuesday, January 21st. Costamare’s payout ratio is currently 15.28%.

Costamare Company Profile