Robeco Institutional Asset Management B.V. Raises Stock Holdings in Costamare Inc. (NYSE:CMRE)

Robeco Institutional Asset Management B.V. lifted its holdings in Costamare Inc. (NYSE:CMRE) by 87.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 550,301 shares of the shipping company’s stock after purchasing an additional 257,422 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.47% of Costamare worth $7,071,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CMRE. nVerses Capital LLC lifted its position in Costamare by 1,700.0% during the third quarter. nVerses Capital LLC now owns 1,800 shares of the shipping company’s stock valued at $28,000 after purchasing an additional 1,700 shares during the last quarter. Gladius Capital Management LP purchased a new stake in shares of Costamare during the 3rd quarter valued at about $35,000. Quarry LP lifted its holdings in shares of Costamare by 157.5% in the 3rd quarter. Quarry LP now owns 3,275 shares of the shipping company’s stock valued at $51,000 after acquiring an additional 2,003 shares during the last quarter. Blue Trust Inc. grew its position in Costamare by 2,540.4% in the third quarter. Blue Trust Inc. now owns 7,393 shares of the shipping company’s stock worth $121,000 after acquiring an additional 7,113 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Costamare during the second quarter worth approximately $185,000. Institutional investors own 58.08% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on CMRE. Jefferies Financial Group reaffirmed a “hold” rating and issued 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 research report on Friday.

Costamare Stock Performance

Shares of NYSE:CMRE opened at $11.66 on Friday. 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 company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 3.87 and a beta of 1.33. Costamare Inc. has a 12 month low of $10.14 and a 12 month high of $17.58. The firm’s 50-day moving average is $12.69 and its 200 day moving average is $13.66.

Costamare (NYSE:CMRE) last issued its quarterly earnings results on Friday, November 1st. The shipping company reported $0.68 earnings per share 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 firm had revenue of $544.64 million for the quarter, compared to the consensus estimate of $434.13 million. During the same period in the prior year, the business posted $0.46 earnings per share. Research analysts predict that Costamare Inc. will post 2.74 EPS for the current year.

Costamare Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Stockholders of record on Tuesday, January 21st will be issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Tuesday, January 21st. Costamare’s payout ratio is presently 15.28%.

Costamare Company Profile