California State Teachers Retirement System grew its position in shares of Costamare Inc (NYSE:CMRE) by 25.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,493 shares of the shipping company’s stock after buying an additional 16,700 shares during the quarter. California State Teachers Retirement System’s holdings in Costamare were worth $504,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Chiron Investment Management LLC acquired a new position in shares of Costamare during the second quarter worth approximately $6,850,000. Dimensional Fund Advisors LP acquired a new position in shares of Costamare during the second quarter worth approximately $6,356,000. JPMorgan Chase & Co. lifted its position in shares of Costamare by 23.4% during the third quarter. JPMorgan Chase & Co. now owns 3,210,466 shares of the shipping company’s stock worth $20,098,000 after purchasing an additional 608,762 shares in the last quarter. Koch Industries Inc. acquired a new position in shares of Costamare during the second quarter worth approximately $181,000. Finally, Nationwide Fund Advisors lifted its position in shares of Costamare by 204.3% during the second quarter. Nationwide Fund Advisors now owns 255,718 shares of the shipping company’s stock worth $1,869,000 after purchasing an additional 171,687 shares in the last quarter. 25.05% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on the stock. ValuEngine lowered shares of Costamare from a “strong-buy” rating to a “buy” rating in a research report on Friday. Zacks Investment Research upgraded shares of Costamare from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. BidaskClub lowered shares of Costamare from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Finally, Credit Suisse Group set a $7.00 target price on shares of Costamare and gave the stock a “hold” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $7.00.
Costamare Inc (NYSE:CMRE) opened at $6.14 on Tuesday. Costamare Inc has a twelve month low of $5.15 and a twelve month high of $8.18. The firm has a market cap of $674.32, a P/E ratio of 11.58, a P/E/G ratio of 1.77 and a beta of 2.10. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.81.
Costamare (NYSE:CMRE) last announced its quarterly earnings data on Tuesday, January 23rd. The shipping company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Costamare had a net margin of 17.67% and a return on equity of 7.28%. The business had revenue of $99.20 million for the quarter, compared to analyst estimates of $97.52 million. During the same period in the prior year, the business posted $0.28 earnings per share. Costamare’s revenue was down 8.9% compared to the same quarter last year. equities analysts predict that Costamare Inc will post 0.72 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 6th. Investors of record on Tuesday, January 23rd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, January 22nd. This represents a $0.40 annualized dividend and a yield of 6.51%. Costamare’s dividend payout ratio is currently 75.47%.
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Costamare Inc (Costamare) is a holding company. The Company is an international owner of containerships. The Company is engaged in chartering its vessels to various liner companies. The Company provides marine transportation services around the world by chartering its container vessels to liner operators under long, medium and short-term time charters.
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