Sanctuary Advisors LLC Sells 66,134 Shares of Costamare Inc. (NYSE:CMRE)

Sanctuary Advisors LLC lessened its position in shares of Costamare Inc. (NYSE:CMRE) by 86.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,175 shares of the shipping company’s stock after selling 66,134 shares during the quarter. Sanctuary Advisors LLC’s holdings in Costamare were worth $120,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CMRE. DGS Capital Management LLC grew its holdings in shares of Costamare by 6.1% in the third quarter. DGS Capital Management LLC now owns 21,659 shares of the shipping company’s stock valued at $340,000 after purchasing an additional 1,238 shares in the last quarter. Quarry LP lifted its position in Costamare by 157.5% during the third quarter. Quarry LP now owns 3,275 shares of the shipping company’s stock valued at $51,000 after purchasing an additional 2,003 shares during the last quarter. Gladius Capital Management LP purchased a new position in shares of Costamare in the 3rd quarter worth $35,000. Zacks Investment Management increased its holdings in shares of Costamare by 14.6% in the 3rd quarter. Zacks Investment Management now owns 18,988 shares of the shipping company’s stock worth $298,000 after buying an additional 2,420 shares during the last quarter. Finally, ClearAlpha Technologies LP raised its position in shares of Costamare by 11.0% during the 3rd quarter. ClearAlpha Technologies LP now owns 31,379 shares of the shipping company’s stock valued at $493,000 after buying an additional 3,108 shares in the last quarter. Institutional investors own 58.08% of the company’s stock.

Costamare Trading Up 2.1 %

CMRE stock opened at $10.00 on Thursday. Costamare Inc. has a twelve month low of $9.66 and a twelve month high of $17.58. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 4.10 and a beta of 1.31. The company has a quick ratio of 1.56, a current ratio of 1.65 and a debt-to-equity ratio of 0.73. The firm’s fifty day simple moving average is $11.61 and its two-hundred day simple moving average is $13.09.

Costamare (NYSE:CMRE) last released its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. Costamare had a net margin of 15.14% and a return on equity of 14.03%. As a group, analysts anticipate that Costamare Inc. will post 2.52 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. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.60%. Costamare’s dividend payout ratio is 18.85%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. StockNews.com lowered Costamare from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Costamare in a research note on Wednesday, February 5th.

Costamare Company Profile