US Bancorp DE Boosts Holdings in Costamare Inc. (NYSE:CMRE)

US Bancorp DE lifted its position in shares of Costamare Inc. (NYSE:CMRE) by 1,385.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,837 shares of the shipping company’s stock after purchasing an additional 11,040 shares during the period. US Bancorp DE’s holdings in Costamare were worth $186,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CMRE. Unison Advisors LLC lifted its holdings in Costamare by 1.0% in the 2nd quarter. Unison Advisors LLC now owns 82,707 shares of the shipping company’s stock worth $1,359,000 after buying an additional 854 shares in the last quarter. SummerHaven Investment Management LLC lifted its stake in shares of Costamare by 1.3% in the second quarter. SummerHaven Investment Management LLC now owns 74,571 shares of the shipping company’s stock worth $1,225,000 after acquiring an additional 990 shares in the last quarter. Ballentine Partners LLC boosted its holdings in Costamare by 7.6% in the third quarter. Ballentine Partners LLC now owns 14,262 shares of the shipping company’s stock valued at $224,000 after purchasing an additional 1,012 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Costamare by 3.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 40,427 shares of the shipping company’s stock valued at $459,000 after purchasing an additional 1,390 shares in the last quarter. Finally, CWM LLC grew its stake in Costamare by 53.6% during the 2nd quarter. CWM LLC now owns 4,302 shares of the shipping company’s stock valued at $71,000 after purchasing an additional 1,502 shares in the last quarter. 58.08% of the stock is currently owned by hedge funds and other institutional investors.

Costamare Stock Up 1.9 %

Shares of Costamare stock opened at $14.55 on Friday. The business has a 50-day moving average price of $14.24 and a 200 day moving average price of $14.51. Costamare Inc. has a fifty-two week low of $9.16 and a fifty-two week high of $17.58. The firm has a market cap of $1.71 billion, a P/E ratio of 4.83 and a beta of 1.37. 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 (NYSE:CMRE) last issued its earnings results on Friday, November 1st. The shipping company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.64 by $0.04. The company had revenue of $544.64 million during the quarter, compared to analyst estimates of $434.13 million. Costamare had a return on equity of 14.28% and a net margin of 19.11%. During the same quarter last year, the firm earned $0.46 EPS. On average, sell-side analysts forecast that Costamare Inc. will post 2.83 earnings per share for the current fiscal year.

Costamare Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Monday, October 21st were paid a dividend of $0.115 per share. The ex-dividend date was Monday, October 21st. This represents a $0.46 annualized dividend and a yield of 3.16%. Costamare’s payout ratio is 15.28%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CMRE. Jefferies Financial Group reaffirmed a “hold” rating and issued a $13.00 target price on shares of Costamare in a research report on Friday, November 1st. Stifel Nicolaus upped their price target on shares of Costamare from $12.00 to $14.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Finally, StockNews.com downgraded shares of Costamare from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd.

Costamare Profile