Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 19,769 Shares of Costamare Inc. (NYSE:CMRE)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Costamare Inc. (NYSE:CMRE) by 100.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,505 shares of the shipping company’s stock after purchasing an additional 19,769 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Costamare were worth $508,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMRE. State Street Corp lifted its stake in shares of Costamare by 2.6% during the 3rd quarter. State Street Corp now owns 1,213,838 shares of the shipping company’s stock valued at $19,082,000 after buying an additional 30,986 shares in the last quarter. Empowered Funds LLC raised its holdings in Costamare by 5.1% during the 4th quarter. Empowered Funds LLC now owns 602,062 shares of the shipping company’s stock valued at $7,736,000 after acquiring an additional 29,354 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of Costamare by 87.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 550,301 shares of the shipping company’s stock worth $7,071,000 after acquiring an additional 257,422 shares in the last quarter. Denali Advisors LLC boosted its holdings in shares of Costamare by 1.7% in the fourth quarter. Denali Advisors LLC now owns 508,195 shares of the shipping company’s stock worth $6,530,000 after acquiring an additional 8,300 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Costamare by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 433,995 shares of the shipping company’s stock valued at $6,822,000 after purchasing an additional 15,983 shares in the last quarter. Institutional investors own 58.08% of the company’s stock.

Wall Street Analysts Forecast Growth

CMRE has been the topic of a number of recent research reports. Jefferies Financial Group reissued a “hold” rating and set a $13.00 price objective on shares of Costamare in a report on Wednesday, February 5th. StockNews.com cut Costamare from a “buy” rating to a “hold” rating in a research report on Friday, March 14th.

Costamare Trading Down 0.5 %

Shares of CMRE stock opened at $10.02 on Friday. The company has a market capitalization of $1.20 billion, a PE ratio of 4.11 and a beta of 1.28. Costamare Inc. has a 52-week low of $9.66 and a 52-week high of $17.58. The business’s fifty day moving average is $10.76 and its 200 day moving average is $12.68. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.56 and a current ratio of 1.65.

Costamare (NYSE:CMRE) last released its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.03. Costamare had a return on equity of 14.03% and a net margin of 15.14%. On average, equities research analysts anticipate that Costamare Inc. will post 2.52 EPS for the current fiscal year.

Costamare Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Tuesday, January 21st were paid a $0.115 dividend. The ex-dividend date was Tuesday, January 21st. This represents a $0.46 dividend on an annualized basis and a yield of 4.59%. Costamare’s dividend payout ratio is presently 18.85%.

Costamare Company Profile