Costamare Inc. (NYSE:CMRE) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its position in Costamare Inc. (NYSE:CMRE) by 24.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 307,017 shares of the shipping company’s stock after selling 99,943 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.26% of Costamare worth $4,826,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CMRE. Acadian Asset Management LLC acquired a new position in shares of Costamare in the 1st quarter valued at $1,172,000. Russell Investments Group Ltd. increased its position in shares of Costamare by 56,543.3% in the first quarter. Russell Investments Group Ltd. now owns 143,874 shares of the shipping company’s stock worth $1,633,000 after acquiring an additional 143,620 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Costamare during the second quarter valued at approximately $1,999,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Costamare during the third quarter valued at approximately $886,000. Finally, Federated Hermes Inc. lifted its position in shares of Costamare by 25,731.0% in the 2nd 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 in the last quarter. Institutional investors own 58.08% of the company’s stock.

Costamare Trading Up 1.7 %

Shares of NYSE:CMRE opened at $14.30 on Friday. The firm has a fifty day moving average of $14.37 and a two-hundred day moving average of $14.60. The company has a quick ratio of 1.56, a current ratio of 1.65 and a debt-to-equity ratio of 0.73. Costamare Inc. has a 12-month low of $9.16 and a 12-month high of $17.58. The firm has a market capitalization of $1.68 billion, a P/E ratio of 4.75 and a beta of 1.37.

Costamare (NYSE:CMRE) last released its quarterly earnings data on Friday, November 1st. The shipping company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. Costamare had a return on equity of 14.28% and a net margin of 19.11%. The firm had revenue of $544.64 million during the quarter, compared to analysts’ expectations of $434.13 million. During the same quarter last year, the firm earned $0.46 earnings per share. On average, equities analysts expect that Costamare Inc. will post 2.83 EPS for the current fiscal year.

Costamare Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Monday, October 21st were issued a $0.115 dividend. The ex-dividend date of this dividend was Monday, October 21st. This represents a $0.46 dividend on an annualized basis and a yield of 3.22%. Costamare’s dividend payout ratio is currently 15.28%.

Analysts Set New Price Targets

CMRE has been the subject of a number of research analyst reports. StockNews.com lowered Costamare from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Jefferies Financial Group restated a “hold” rating and set a $13.00 price objective on shares of Costamare in a research report on Friday, November 1st.

About Costamare