GSA Capital Partners LLP Invests $271,000 in Costamare Inc. (CMRE)
GSA Capital Partners LLP bought a new stake in shares of Costamare Inc. (NYSE:CMRE) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 37,135 shares of the shipping company’s stock, valued at approximately $271,000.
Several other large investors also recently bought and sold shares of CMRE. JPMorgan Chase & Co. grew its holdings in shares of Costamare by 15,719.7% during the second quarter. JPMorgan Chase & Co. now owns 2,601,704 shares of the shipping company’s stock valued at $19,019,000 after purchasing an additional 2,585,258 shares during the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of Costamare by 199,200.0% during the second quarter. Thrivent Financial For Lutherans now owns 398,600 shares of the shipping company’s stock valued at $2,913,000 after purchasing an additional 398,400 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Costamare by 125.2% during the second quarter. Acadian Asset Management LLC now owns 685,085 shares of the shipping company’s stock valued at $5,009,000 after purchasing an additional 380,884 shares during the last quarter. Laurion Capital Management LP bought a new position in shares of Costamare during the second quarter valued at approximately $2,302,000. Finally, Algert Global LLC grew its holdings in shares of Costamare by 1,482.1% during the second quarter. Algert Global LLC now owns 330,724 shares of the shipping company’s stock valued at $2,418,000 after purchasing an additional 309,820 shares during the last quarter. 26.95% of the stock is owned by institutional investors.
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Costamare Inc. (NYSE CMRE) opened at 6.21 on Thursday. The firm has a market capitalization of $658.20 million, a P/E ratio of 15.49 and a beta of 2.17. The stock’s 50 day moving average price is $6.13 and its 200 day moving average price is $6.68. Costamare Inc. has a 12 month low of $5.07 and a 12 month high of $8.18.
Costamare (NYSE:CMRE) last posted its quarterly earnings results on Tuesday, July 25th. The shipping company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.01. Costamare had a net margin of 12.70% and a return on equity of 8.94%. The firm had revenue of $104.10 million during the quarter, compared to analyst estimates of $104.23 million. During the same quarter in the prior year, the business posted $0.44 earnings per share. The company’s quarterly revenue was down 12.5% compared to the same quarter last year. On average, analysts forecast that Costamare Inc. will post $0.79 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 6th. Stockholders of record on Monday, October 23rd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 6.44%. The ex-dividend date of this dividend is Friday, October 20th. Costamare’s payout ratio is 105.27%.
CMRE has been the subject of several recent research reports. BidaskClub lowered Costamare from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Zacks Investment Research raised Costamare from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Stifel Nicolaus reaffirmed a “hold” rating and set a $7.00 target price on shares of Costamare in a report on Friday, July 14th. Finally, ValuEngine lowered Costamare from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $7.21.
Costamare Company Profile
Costamare Inc (Costamare) is a holding company. The Company is an international owner of containerships. The Company is engaged in chartering its vessels to various liner companies. The Company provides marine transportation services around the world by chartering its container vessels to liner operators under long, medium and short-term time charters.
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