Costamare Inc. (NYSE:CMRE) Stake Increased by DGS Capital Management LLC

DGS Capital Management LLC lifted its holdings in Costamare Inc. (NYSE:CMRE) by 6.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,659 shares of the shipping company’s stock after buying an additional 1,238 shares during the period. DGS Capital Management LLC’s holdings in Costamare were worth $340,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its position in Costamare by 12.7% during the first quarter. Vanguard Group Inc. now owns 319,385 shares of the shipping company’s stock valued at $3,625,000 after purchasing an additional 35,903 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Costamare by 19.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,681 shares of the shipping company’s stock valued at $156,000 after acquiring an additional 2,223 shares in the last quarter. CWM LLC grew its holdings in shares of Costamare by 53.6% during the 2nd quarter. CWM LLC now owns 4,302 shares of the shipping company’s stock valued at $71,000 after acquiring an additional 1,502 shares in the last quarter. Veracity Capital LLC acquired a new position in shares of Costamare in the second quarter worth $275,000. Finally, SummerHaven Investment Management LLC raised its holdings in shares of Costamare by 1.3% during the second quarter. SummerHaven Investment Management LLC now owns 74,571 shares of the shipping company’s stock worth $1,225,000 after acquiring an additional 990 shares in the last quarter. Hedge funds and other institutional investors own 58.08% of the company’s stock.

Costamare Stock Up 0.5 %

CMRE stock opened at $12.95 on Friday. The firm has a market cap of $1.52 billion, a PE ratio of 4.30 and a beta of 1.34. Costamare Inc. has a 1 year low of $9.68 and a 1 year high of $17.58. The company has a fifty day simple moving average of $13.86 and a 200 day simple moving average of $14.50. 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 (NYSE:CMRE) last released its quarterly earnings results on Friday, November 1st. The shipping company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.04. Costamare had a return on equity of 14.28% and a net margin of 19.11%. The company had revenue of $544.64 million during the quarter, compared to the consensus estimate of $434.13 million. During the same quarter in the prior year, the company posted $0.46 EPS. Sell-side analysts anticipate that Costamare Inc. will post 2.83 EPS for the current fiscal year.

Costamare Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Monday, October 21st were issued a dividend of $0.115 per share. The ex-dividend date was Monday, October 21st. This represents a $0.46 annualized dividend and a yield of 3.55%. Costamare’s dividend payout ratio (DPR) is presently 15.28%.

Analysts Set New Price Targets

A number of brokerages have commented on CMRE. StockNews.com downgraded Costamare from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group reissued a “hold” rating and issued a $13.00 price target on shares of Costamare in a research note on Friday, November 1st.

Costamare Company Profile