Costamare’s (CMRE) Hold Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reissued their hold rating on shares of Costamare (NYSE:CMRE) in a research note released on Friday, Benzinga reports. The firm currently has a $13.00 price target on the shipping company’s stock.

Other analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Costamare from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus raised their price target on Costamare from $12.00 to $14.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th.

Costamare Stock Up 0.9 %

NYSE CMRE opened at $13.73 on Friday. Costamare has a 52 week low of $8.61 and a 52 week high of $17.58. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 4.85 and a beta of 1.37. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 0.77. The company has a fifty day moving average of $14.16 and a two-hundred day moving average of $14.34.

Costamare Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Monday, October 21st will be given a $0.115 dividend. The ex-dividend date of this dividend is Monday, October 21st. This represents a $0.46 annualized dividend and a yield of 3.35%. Costamare’s dividend payout ratio (DPR) is 16.25%.

Hedge Funds Weigh In On Costamare

Institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC grew its stake 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 worth $24,119,000 after purchasing an additional 1,366,344 shares in the last quarter. Federated Hermes Inc. increased its stake in shares of Costamare by 25,731.0% during the second quarter. Federated Hermes Inc. now owns 401,414 shares of the shipping company’s stock valued at $6,595,000 after buying an additional 399,860 shares during the period. Marshall Wace LLP raised its holdings in shares of 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 in the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of 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 in the last quarter. Finally, American Century Companies Inc. lifted its stake in Costamare by 62.9% in the second quarter. American Century Companies Inc. now owns 621,764 shares of the shipping company’s stock worth $10,216,000 after acquiring an additional 239,970 shares during the period. 58.08% of the stock is owned by hedge funds and other institutional investors.

Costamare Company Profile