Costamare Inc. (NYSE:CMRE) Shares Bought by ClearAlpha Technologies LP

ClearAlpha Technologies LP grew its holdings in Costamare Inc. (NYSE:CMRE) by 11.0% during the third quarter, HoldingsChannel.com reports. The fund owned 31,379 shares of the shipping company’s stock after purchasing an additional 3,108 shares during the quarter. ClearAlpha Technologies LP’s holdings in Costamare were worth $493,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CMRE. Unison Advisors LLC raised its position in Costamare by 1.0% in the second quarter. Unison Advisors LLC now owns 82,707 shares of the shipping company’s stock valued at $1,359,000 after purchasing an additional 854 shares during the period. SummerHaven Investment Management LLC raised its holdings in shares of Costamare by 1.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 74,571 shares of the shipping company’s stock valued at $1,225,000 after buying an additional 990 shares during the period. Ballentine Partners LLC lifted its position in Costamare by 7.6% during the 3rd quarter. Ballentine Partners LLC now owns 14,262 shares of the shipping company’s stock worth $224,000 after acquiring an additional 1,012 shares in the last quarter. CWM LLC boosted its holdings in Costamare by 53.6% in the 2nd quarter. CWM LLC now owns 4,302 shares of the shipping company’s stock worth $71,000 after acquiring an additional 1,502 shares during the period. Finally, nVerses Capital LLC grew its position in Costamare by 1,700.0% in the third quarter. nVerses Capital LLC now owns 1,800 shares of the shipping company’s stock valued at $28,000 after acquiring an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 58.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Jefferies Financial Group reissued a “hold” rating and set a $13.00 target price on shares of Costamare in a research report on Friday, November 1st. StockNews.com cut shares of Costamare from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd.

Costamare Stock Performance

Costamare stock opened at $13.20 on Monday. The stock has a market cap of $1.55 billion, a P/E ratio of 4.39 and a beta of 1.37. The stock has a 50 day moving average of $14.30 and a 200-day moving average of $14.61. The company has a current ratio of 1.65, a quick ratio of 1.56 and a debt-to-equity ratio of 0.73. Costamare Inc. has a 52 week low of $9.16 and a 52 week high of $17.58.

Costamare (NYSE:CMRE) last issued 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 business had revenue of $544.64 million for the quarter, compared to analyst estimates 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 business posted $0.46 EPS. On average, analysts expect that Costamare Inc. will post 2.83 EPS for the current fiscal year.

Costamare Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Monday, October 21st were issued a $0.115 dividend. The ex-dividend date of this dividend was Monday, October 21st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.48%. Costamare’s dividend payout ratio (DPR) is 15.28%.

Costamare Profile