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

ClearAlpha Technologies LP boosted its stake in Costamare Inc. (NYSE:CMRE) by 11.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,379 shares of the shipping company’s stock after buying an additional 3,108 shares during the quarter. ClearAlpha Technologies LP’s holdings in Costamare were worth $493,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. nVerses Capital LLC raised its holdings in shares of Costamare by 1,700.0% in the third quarter. nVerses Capital LLC now owns 1,800 shares of the shipping company’s stock worth $28,000 after acquiring an additional 1,700 shares during the last quarter. Gladius Capital Management LP acquired a new position in Costamare in the 3rd quarter valued at about $35,000. CWM LLC lifted its holdings in Costamare by 53.6% in 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. Redwood Wealth Management Group LLC acquired a new stake in shares of Costamare during the 2nd quarter worth about $80,000. Finally, Blue Trust Inc. grew its holdings in shares of Costamare by 2,540.4% during the third quarter. Blue Trust Inc. now owns 7,393 shares of the shipping company’s stock worth $121,000 after buying an additional 7,113 shares in the last quarter. Institutional investors and hedge funds own 58.08% of the company’s stock.

Analysts Set New Price Targets

CMRE has been the topic of several recent analyst reports. Jefferies Financial Group reissued a “hold” rating and set a $13.00 price objective on shares of Costamare in a research note on Friday, November 1st. StockNews.com downgraded Costamare from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd.

Costamare Stock Down 0.8 %

Shares of NYSE:CMRE opened at $13.20 on Monday. Costamare Inc. has a 12-month low of $9.16 and a 12-month high of $17.58. The stock’s 50-day moving average price is $14.30 and its two-hundred day moving average price is $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. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 4.39 and a beta of 1.37.

Costamare (NYSE:CMRE) last posted its quarterly earnings results on Friday, November 1st. The shipping company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Costamare had a net margin of 19.11% and a return on equity of 14.28%. The company had revenue of $544.64 million for the quarter, compared to the consensus estimate of $434.13 million. During the same quarter last year, the firm posted $0.46 earnings per share. On average, research analysts forecast that Costamare Inc. will post 2.83 EPS for the current year.

Costamare Dividend Announcement

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

About Costamare