Robeco Institutional Asset Management B.V. Boosts Stock Holdings in Costamare Inc. (NYSE:CMRE)

Robeco Institutional Asset Management B.V. lifted its holdings in Costamare Inc. (NYSE:CMRE) by 87.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 550,301 shares of the shipping company’s stock after purchasing an additional 257,422 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Costamare were worth $7,071,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CMRE. nVerses Capital LLC raised its stake in Costamare by 1,700.0% in the third quarter. nVerses Capital LLC now owns 1,800 shares of the shipping company’s stock worth $28,000 after buying an additional 1,700 shares in the last quarter. Gladius Capital Management LP bought a new position in shares of Costamare in the 3rd quarter worth $35,000. Quarry LP lifted its stake in shares of Costamare by 157.5% during the 3rd quarter. Quarry LP now owns 3,275 shares of the shipping company’s stock worth $51,000 after purchasing an additional 2,003 shares during the last quarter. Blue Trust Inc. boosted its position in Costamare by 2,540.4% during the third quarter. Blue Trust Inc. now owns 7,393 shares of the shipping company’s stock valued at $121,000 after purchasing an additional 7,113 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in Costamare in the second quarter valued at about $185,000. 58.08% of the stock is currently owned by institutional investors.

Costamare Trading Down 1.3 %

Shares of NYSE:CMRE opened at $11.66 on Friday. The business’s 50-day moving average is $12.69 and its 200 day moving average is $13.66. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.65 and a quick ratio of 1.56. Costamare Inc. has a 1 year low of $10.14 and a 1 year high of $17.58. The firm has a market capitalization of $1.37 billion, a P/E ratio of 3.87 and a beta of 1.33.

Costamare (NYSE:CMRE) last posted its quarterly earnings data on Friday, November 1st. The shipping company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. The firm had revenue of $544.64 million for the quarter, compared to the consensus estimate of $434.13 million. Costamare had a net margin of 19.11% and a return on equity of 14.28%. During the same quarter in the prior year, the company posted $0.46 earnings per share. On average, research analysts predict that Costamare Inc. will post 2.74 earnings per share for the current fiscal year.

Costamare Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Tuesday, January 21st will be issued a $0.115 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.95%. Costamare’s dividend payout ratio is currently 15.28%.

Analyst Ratings Changes

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

About Costamare