Charles Schwab Investment Management Inc. Lowers Position in Costamare Inc. (NYSE:CMRE)

Charles Schwab Investment Management Inc. trimmed its position in shares of Costamare Inc. (NYSE:CMRE) by 14.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 371,153 shares of the shipping company’s stock after selling 62,842 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Costamare were worth $4,769,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC boosted its holdings in Costamare by 577.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 76,309 shares of the shipping company’s stock valued at $1,200,000 after purchasing an additional 65,040 shares in the last quarter. Barclays PLC boosted its stake in shares of Costamare by 291.1% in the third quarter. Barclays PLC now owns 59,016 shares of the shipping company’s stock valued at $928,000 after buying an additional 43,925 shares in the last quarter. New York State Common Retirement Fund grew its holdings in Costamare by 4.2% during the fourth quarter. New York State Common Retirement Fund now owns 223,565 shares of the shipping company’s stock worth $2,873,000 after acquiring an additional 9,100 shares during the period. Principal Financial Group Inc. raised its position in Costamare by 10.9% in the fourth quarter. Principal Financial Group Inc. now owns 65,638 shares of the shipping company’s stock worth $843,000 after acquiring an additional 6,461 shares in the last quarter. Finally, State Street Corp lifted its holdings in Costamare by 2.6% in the third quarter. State Street Corp now owns 1,213,838 shares of the shipping company’s stock valued at $19,082,000 after acquiring an additional 30,986 shares during the period. 58.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CMRE has been the topic of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $13.00 price target on shares of Costamare in a research note on Wednesday, February 5th. StockNews.com lowered shares of Costamare from a “buy” rating to a “hold” rating in a research report on Friday, March 14th.

Costamare Stock Down 1.5 %

CMRE opened at $10.10 on Wednesday. Costamare Inc. has a one year low of $9.66 and a one year high of $17.58. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 4.14 and a beta of 1.28. The business’s fifty day moving average is $10.86 and its two-hundred day moving average is $12.72. 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 (NYSE:CMRE) last issued 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%. Analysts anticipate that Costamare Inc. will post 2.52 EPS for the current fiscal year.

Costamare Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Tuesday, January 21st were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $0.46 annualized dividend and a dividend yield of 4.55%. Costamare’s dividend payout ratio is currently 18.85%.

Costamare Company Profile