256,503 Shares in Costamare Inc. (NYSE:CMRE) Bought by Foundry Partners LLC

Foundry Partners LLC purchased a new position in shares of Costamare Inc. (NYSE:CMRE) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 256,503 shares of the shipping company’s stock, valued at approximately $4,032,000. Foundry Partners LLC owned 0.22% of Costamare at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CMRE. Acadian Asset Management LLC lifted its holdings in Costamare by 1,322.0% in the second quarter. Acadian Asset Management LLC now owns 1,469,697 shares of the shipping company’s stock valued at $24,119,000 after acquiring an additional 1,366,344 shares during the period. Federated Hermes Inc. lifted its holdings in Costamare by 25,731.0% in the second quarter. Federated Hermes Inc. now owns 401,414 shares of the shipping company’s stock valued at $6,595,000 after acquiring an additional 399,860 shares during the period. Marshall Wace LLP lifted its holdings in Costamare by 985.5% in the second quarter. Marshall Wace LLP now owns 357,557 shares of the shipping company’s stock valued at $5,875,000 after acquiring an additional 324,618 shares during the period. Bridgeway Capital Management LLC lifted its holdings in Costamare by 20.6% in the first quarter. Bridgeway Capital Management LLC now owns 1,583,997 shares of the shipping company’s stock valued at $17,978,000 after acquiring an additional 270,168 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Costamare by 62.9% in the second quarter. American Century Companies Inc. now owns 621,764 shares of the shipping company’s stock valued at $10,216,000 after acquiring an additional 239,970 shares during the period. 58.08% of the stock is owned by institutional investors and hedge funds.

Costamare Trading Down 2.6 %

Costamare stock opened at $14.06 on Friday. The stock has a market cap of $1.65 billion, a PE ratio of 4.67 and a beta of 1.37. The stock has a 50-day moving average price of $14.36 and a 200 day moving average price of $14.59. Costamare Inc. has a 52 week low of $9.16 and a 52 week high of $17.58. 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 posted its quarterly earnings data on Friday, November 1st. The shipping company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. The firm had revenue of $544.64 million during the quarter, compared to analysts’ expectations of $434.13 million. Costamare had a return on equity of 14.28% and a net margin of 19.11%. During the same quarter last year, the business posted $0.46 EPS. Equities research analysts predict that Costamare Inc. will post 2.83 earnings per share for the current fiscal year.

Costamare Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Monday, October 21st were given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date was Monday, October 21st. Costamare’s dividend payout ratio is presently 15.28%.

Wall Street Analysts Forecast Growth

CMRE has been the subject of several research reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $13.00 price target 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 note on Wednesday, October 23rd.

Costamare Profile