Counterpoint Mutual Funds LLC Buys New Shares in Costamare Inc. (NYSE:CMRE)

Counterpoint Mutual Funds LLC bought a new stake in shares of Costamare Inc. (NYSE:CMRE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 23,255 shares of the shipping company’s stock, valued at approximately $299,000.

Other large investors also recently modified their holdings of the company. State Street Corp lifted its stake in Costamare by 2.6% in the 3rd quarter. State Street Corp now owns 1,213,838 shares of the shipping company’s stock worth $19,082,000 after purchasing an additional 30,986 shares in the last quarter. Empowered Funds LLC lifted its stake in Costamare by 5.1% in the 4th quarter. Empowered Funds LLC now owns 602,062 shares of the shipping company’s stock worth $7,736,000 after purchasing an additional 29,354 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Costamare by 87.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 550,301 shares of the shipping company’s stock worth $7,071,000 after purchasing an additional 257,422 shares in the last quarter. Denali Advisors LLC lifted its stake in Costamare by 1.7% in the 4th quarter. Denali Advisors LLC now owns 508,195 shares of the shipping company’s stock worth $6,530,000 after purchasing an additional 8,300 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Costamare by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 433,995 shares of the shipping company’s stock worth $6,822,000 after purchasing an additional 15,983 shares in the last quarter. Hedge funds and other institutional investors own 58.08% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Costamare Stock Performance

Costamare stock opened at $10.45 on Wednesday. The company’s 50-day moving average price is $11.09 and its 200-day moving average price is $12.83. Costamare Inc. has a twelve month low of $9.66 and a twelve month high of $17.58. The company has a quick ratio of 1.56, a current ratio of 1.65 and a debt-to-equity ratio of 0.73. The company has a market cap of $1.25 billion, a PE ratio of 4.28 and a beta of 1.28.

Costamare (NYSE:CMRE) last issued its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.69 EPS for the quarter, beating 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%. On average, equities research analysts forecast that Costamare Inc. will post 2.52 EPS for the current fiscal year.

Costamare Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Tuesday, January 21st were issued a dividend of $0.115 per share. The ex-dividend date was Tuesday, January 21st. This represents a $0.46 annualized dividend and a yield of 4.40%. Costamare’s payout ratio is 18.85%.

About Costamare