Costamare Inc. (NYSE:CMRE) Shares Acquired by Kendall Capital Management

Kendall Capital Management lifted its position in shares of Costamare Inc. (NYSE:CMRE) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 242,374 shares of the shipping company’s stock after buying an additional 1,370 shares during the period. Kendall Capital Management owned approximately 0.21% of Costamare worth $3,115,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Sanctuary Advisors LLC increased its holdings in Costamare by 577.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 76,309 shares of the shipping company’s stock valued at $1,200,000 after purchasing an additional 65,040 shares in the last quarter. Barclays PLC increased its holdings in Costamare by 291.1% in the 3rd quarter. Barclays PLC now owns 59,016 shares of the shipping company’s stock valued at $928,000 after purchasing an additional 43,925 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Costamare in the 3rd quarter valued at $886,000. Foundry Partners LLC acquired a new stake in Costamare in the 3rd quarter valued at $4,032,000. Finally, New York State Common Retirement Fund increased its holdings in Costamare by 4.2% in the 4th quarter. New York State Common Retirement Fund now owns 223,565 shares of the shipping company’s stock valued at $2,873,000 after purchasing an additional 9,100 shares in the last quarter. 58.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CMRE. StockNews.com upgraded Costamare from a “hold” rating to a “buy” rating in a research note on Thursday. Jefferies Financial Group restated a “hold” rating and set a $13.00 target price on shares of Costamare in a research note on Wednesday, February 5th.

Costamare Stock Up 1.0 %

Shares of Costamare stock opened at $10.35 on Friday. The business has a 50-day moving average of $11.45 and a 200-day moving average of $13.01. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.65 and a quick ratio of 1.56. The company has a market capitalization of $1.24 billion, a PE ratio of 4.24 and a beta of 1.28. Costamare Inc. has a 1-year low of $9.66 and a 1-year high of $17.58.

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

Costamare Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Tuesday, January 21st were issued 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 4.45%. Costamare’s dividend payout ratio is currently 18.85%.

Costamare Profile