1 day Ago By ABMN Staff
Costamare Inc. ( NYSE:CMRE – Get Free Report )’s stock price fell 3.4% during mid-day trading on Friday .
The stock traded as low as $13.01 and last traded at $13.04.
41,482 shares traded hands during trading, a decline of 80% from the average session volume of 204,458 shares. The stock had previously closed at $13.50.
Wall Street Analysts Forecast Growth A number of research analysts have recently commented on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $13.00 price objective on shares of Costamare in a research report on Friday, November 1st.
StockNews.com cut Costamare from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. View Our Latest Report on Costamare Costamare Price Performance Costamare ( NYSE:CMRE – Get Free Report ) last posted its earnings results on Friday, November 1st.
The shipping company reported $0.68 earnings per share for the quarter, beating 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 business had revenue of $544.64 million for the quarter, compared to analysts’ expectations of $434.
13 million. During the same quarter in the previous year, the firm posted $0.46 earnings per share.
As a group, sell-side analysts forecast that Costamare Inc. will post 2.83 EPS for the current year.
Costamare Announces Dividend The business also recently announced 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.
The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.
53%. Costamare’s payout ratio is presently 15.28%.
Hedge Funds Weigh In On Costamare Hedge funds and other institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC raised its stake in Costamare by 1,322.0% during the second quarter.
Acadian Asset Management LLC now owns 1,469,697 shares of the shipping company’s stock worth $24,119,000 after acquiring an additional 1,366,344 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Costamare by 25,731.
0% in the 2nd quarter. Federated Hermes Inc. now owns 401,414 shares of the shipping company’s stock valued at $6,595,000 after purchasing an additional 399,860 shares in the last quarter.
Marshall Wace LLP grew its holdings in shares of Costamare by 985.5% in the 2nd quarter. Marshall Wace LLP now owns 357,557 shares of the shipping company’s stock worth $5,875,000 after purchasing an additional 324,618 shares during the last quarter.
Foundry Partners LLC acquired a new stake in shares of Costamare during the 3rd quarter worth about $4,032,000. Finally, American Century Companies Inc. lifted its holdings in Costamare by 62.
9% during the 2nd quarter. American Century Companies Inc. now owns 621,764 shares of the shipping company’s stock valued at $10,216,000 after purchasing an additional 239,970 shares during the last quarter.
Institutional investors own 58.08% of the company’s stock. About Costamare ( Get Free Report ) Featured Stories Receive News & Ratings for Costamare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costamare and related companies with MarketBeat.
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