20,053 Shares in Costamare Inc. (NYSE:CMRE) Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new stake in Costamare Inc. (NYSE:CMRE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,053 shares of the shipping company’s stock, valued at approximately $258,000.

A number of other institutional investors have also bought and sold shares of CMRE. Sei Investments Co. lifted its stake in shares of Costamare by 11.3% in the 4th quarter. Sei Investments Co. now owns 87,073 shares of the shipping company’s stock valued at $1,119,000 after purchasing an additional 8,814 shares during the period. American Century Companies Inc. increased its holdings in Costamare by 18.8% in the fourth quarter. American Century Companies Inc. now owns 1,077,400 shares of the shipping company’s stock worth $13,845,000 after purchasing an additional 170,412 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Costamare by 100.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,505 shares of the shipping company’s stock valued at $508,000 after buying an additional 19,769 shares during the period. Intech Investment Management LLC boosted its holdings in shares of Costamare by 131.3% during the 4th quarter. Intech Investment Management LLC now owns 28,698 shares of the shipping company’s stock worth $369,000 after buying an additional 16,293 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new position in shares of Costamare during the 4th quarter worth approximately $299,000. Institutional investors own 58.08% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on CMRE shares. StockNews.com downgraded shares of Costamare from a “buy” rating to a “hold” rating in a research report on Friday, March 14th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $13.00 price target on shares of Costamare in a research note on Wednesday, February 5th.

Costamare Trading Down 0.5 %

Shares of Costamare stock opened at $10.02 on Friday. 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 Inc. has a 52 week low of $9.66 and a 52 week high of $17.58. The stock has a 50 day moving average price of $10.76 and a two-hundred day moving average price of $12.68. The stock has a market capitalization of $1.20 billion, a PE ratio of 4.11 and a beta of 1.28.

Costamare (NYSE:CMRE) last posted its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.69 earnings per share (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%. As a group, equities analysts anticipate that Costamare Inc. will post 2.52 earnings per share for the current fiscal year.

Costamare Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Tuesday, January 21st were given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend was Tuesday, January 21st. Costamare’s payout ratio is presently 18.85%.

About Costamare