Segall Bryant & Hamill LLC Decreases Stock Holdings in Costamare Inc. (NYSE:CMRE)

Segall Bryant & Hamill LLC lowered its position in shares of Costamare Inc. (NYSE:CMRE) by 4.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 292,977 shares of the shipping company’s stock after selling 14,040 shares during the period. Segall Bryant & Hamill LLC owned about 0.25% of Costamare worth $3,765,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CMRE. Quarry LP raised its stake in shares of Costamare by 157.5% during the third quarter. Quarry LP now owns 3,275 shares of the shipping company’s stock valued at $51,000 after acquiring an additional 2,003 shares during the last quarter. Victory Capital Management Inc. purchased a new position in Costamare during the 4th quarter valued at about $130,000. Blue Trust Inc. raised its position in Costamare by 43.5% during the 4th quarter. Blue Trust Inc. now owns 10,606 shares of the shipping company’s stock valued at $136,000 after purchasing an additional 3,213 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Costamare in the 3rd quarter worth approximately $195,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Costamare in the 3rd quarter worth approximately $213,000. Institutional investors own 58.08% of the company’s stock.

Costamare Stock Down 0.5 %

CMRE stock opened at $10.02 on Friday. Costamare Inc. has a fifty-two week low of $9.66 and a fifty-two week high of $17.58. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 4.11 and a beta of 1.28. The business’s 50 day moving average price is $10.76 and its two-hundred day moving average price is $12.68. 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 results on Wednesday, February 5th. The shipping company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03. Costamare had a return on equity of 14.03% and a net margin of 15.14%. As a group, analysts forecast that Costamare Inc. will post 2.52 earnings per share for the current fiscal year.

Costamare Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Tuesday, January 21st were given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend was Tuesday, January 21st. Costamare’s dividend payout ratio is presently 18.85%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Jefferies Financial Group restated a “hold” rating and set a $13.00 target price on shares of Costamare in a report on Wednesday, February 5th. StockNews.com lowered shares of Costamare from a “buy” rating to a “hold” rating in a report on Friday, March 14th.

About Costamare