Invesco Ltd. Has $2.41 Million Stock Position in Costamare Inc. (NYSE:CMRE)

Invesco Ltd. reduced its stake in shares of Costamare Inc. (NYSE:CMRE) by 9.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 187,810 shares of the shipping company’s stock after selling 19,847 shares during the period. Invesco Ltd.’s holdings in Costamare were worth $2,413,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Barclays PLC lifted its position in shares of Costamare by 291.1% during the 3rd quarter. Barclays PLC now owns 59,016 shares of the shipping company’s stock worth $928,000 after buying an additional 43,925 shares during the last quarter. DGS Capital Management LLC grew its holdings in shares of Costamare by 6.1% during the third quarter. DGS Capital Management LLC now owns 21,659 shares of the shipping company’s stock worth $340,000 after purchasing an additional 1,238 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Costamare by 34.2% in the third quarter. Principal Financial Group Inc. now owns 59,177 shares of the shipping company’s stock valued at $930,000 after buying an additional 15,092 shares during the period. JPMorgan Chase & Co. boosted its position in Costamare by 3.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 339,566 shares of the shipping company’s stock worth $5,338,000 after buying an additional 11,076 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Costamare by 128.0% during the 4th quarter. SG Americas Securities LLC now owns 18,360 shares of the shipping company’s stock worth $236,000 after acquiring an additional 10,308 shares during the last quarter. 58.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Jefferies Financial Group restated a “hold” rating and issued a $13.00 price target on shares of Costamare in a research report on Wednesday, February 5th. StockNews.com assumed coverage on shares of Costamare in a research report on Tuesday. They issued a “hold” rating for the company.

Costamare Trading Down 0.4 %

NYSE:CMRE opened at $9.14 on Tuesday. The firm’s fifty day moving average is $9.69 and its 200-day moving average is $11.76. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.56 and a current ratio of 1.65. Costamare Inc. has a 52 week low of $8.11 and a 52 week high of $17.58. The firm has a market cap of $1.10 billion, a P/E ratio of 3.75 and a beta of 1.11.

Costamare (NYSE:CMRE) last posted its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. Costamare had a net margin of 15.14% and a return on equity of 14.03%. Equities analysts expect that Costamare Inc. will post 2.52 earnings per share for the current year.

Costamare Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Thursday, April 17th will be paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date is Thursday, April 17th. Costamare’s dividend payout ratio is currently 18.85%.

About Costamare