DGS Capital Management LLC Purchases 1,719 Shares of Costamare Inc. (NYSE:CMRE)

DGS Capital Management LLC grew its holdings in Costamare Inc. (NYSE:CMRE) by 7.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,378 shares of the shipping company’s stock after purchasing an additional 1,719 shares during the quarter. DGS Capital Management LLC’s holdings in Costamare were worth $300,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Sei Investments Co. acquired a new position in Costamare in the second quarter valued at approximately $674,000. Marshall Wace LLP lifted its stake in shares of Costamare by 985.5% in the 2nd quarter. Marshall Wace LLP now owns 357,557 shares of the shipping company’s stock valued at $5,875,000 after purchasing an additional 324,618 shares during the period. AQR Capital Management LLC boosted its position in shares of Costamare by 69.8% in the 2nd quarter. AQR Capital Management LLC now owns 77,622 shares of the shipping company’s stock worth $1,275,000 after purchasing an additional 31,896 shares during the last quarter. Susquehanna Fundamental Investments LLC grew its stake in shares of Costamare by 408.6% during the second quarter. Susquehanna Fundamental Investments LLC now owns 118,495 shares of the shipping company’s stock worth $1,947,000 after purchasing an additional 95,196 shares during the period. Finally, Creative Planning increased its holdings in Costamare by 5.2% in the second quarter. Creative Planning now owns 55,067 shares of the shipping company’s stock valued at $905,000 after purchasing an additional 2,703 shares during the last quarter. Institutional investors own 58.08% of the company’s stock.

Costamare Price Performance

Shares of CMRE stock opened at $11.83 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.65 and a debt-to-equity ratio of 0.73. Costamare Inc. has a 12-month low of $10.14 and a 12-month high of $17.58. The firm has a fifty day moving average of $12.96 and a 200-day moving average of $13.79. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 3.93 and a beta of 1.33.

Costamare (NYSE:CMRE) last posted its earnings results on Friday, November 1st. The shipping company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The firm had revenue of $544.64 million during the quarter, compared to analysts’ expectations of $434.13 million. Costamare had a return on equity of 14.28% and a net margin of 19.11%. During the same period in the previous year, the firm earned $0.46 earnings per share. On average, equities research analysts forecast that Costamare Inc. will post 2.79 earnings per share for the current year.

Costamare Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Tuesday, January 21st will be paid a dividend of $0.115 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $0.46 dividend on an annualized basis and a yield of 3.89%. Costamare’s payout ratio is 15.28%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CMRE. StockNews.com raised Costamare from a “hold” rating to a “buy” rating in a research note on Thursday. Jefferies Financial Group reiterated a “hold” rating and issued a $13.00 price target on shares of Costamare in a research report on Friday, November 1st.

Costamare Profile