1 day Ago By ABMN Staff
Federated Hermes Inc. increased its position in Costamare Inc. ( NYSE:CMRE – Free Report ) by 25,731.
0% during the second quarter, HoldingsChannel.com reports. The firm owned 401,414 shares of the shipping company’s stock after acquiring an additional 399,860 shares during the quarter.
Federated Hermes Inc.’s holdings in Costamare were worth $6,595,000 as of its most recent SEC filing. Other hedge funds also recently bought and sold shares of the company.
Parallel Advisors LLC lifted its stake in Costamare by 197.8% during the 4th quarter. Parallel Advisors LLC now owns 4,059 shares of the shipping company’s stock valued at $42,000 after acquiring an additional 2,696 shares during the period.
Quarry LP lifted its stake in Costamare by 48.5% during the 4th quarter. Quarry LP now owns 4,216 shares of the shipping company’s stock valued at $44,000 after acquiring an additional 1,376 shares during the period.
CWM LLC lifted its stake in 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 during the period.
B. Riley Wealth Advisors Inc. bought a new position in Costamare during the 1st quarter valued at about $132,000.
Finally, Victory Capital Management Inc. lifted its stake in Costamare by 12.7% during the 4th quarter.
Victory Capital Management Inc. now owns 13,252 shares of the shipping company’s stock valued at $138,000 after acquiring an additional 1,498 shares during the period. Institutional investors own 58.
08% of the company’s stock. Costamare Price Performance NYSE CMRE opened at $13.78 on Wednesday.
The company has a 50-day moving average price of $14.12 and a 200-day moving average price of $13.61.
The firm has a market capitalization of $1.62 billion, a P/E ratio of 5.34 and a beta of 1.
37. Costamare Inc. has a 52 week low of $8.
54 and a 52 week high of $17.58. The company has a quick ratio of 1.
54, a current ratio of 1.61 and a debt-to-equity ratio of 0.77.
Costamare Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 6th. Shareholders of record on Friday, July 19th were issued a dividend of $0.115 per share.
This represents a $0.46 dividend on an annualized basis and a yield of 3.34%.
The ex-dividend date of this dividend was Friday, July 19th. Costamare’s dividend payout ratio (DPR) is currently 17.83%.
Wall Street Analysts Forecast Growth Several research firms have issued reports on CMRE. Stifel Nicolaus upped their target price on shares of Costamare from $12.00 to $14.
00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Jefferies Financial Group upped their price target on shares of Costamare from $12.00 to $13.
00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Finally, StockNews.com raised shares of Costamare from a “hold” rating to a “buy” rating in a research report on Friday, August 23rd.
View Our Latest Research Report on CMRE Costamare Profile ( Free Report ) Featured Stories Want to see what other hedge funds are holding CMRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costamare Inc. ( NYSE:CMRE – Free Report ).
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