Costamare’s (CMRE) “Hold” Rating Reaffirmed at Jefferies Financial Group

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

Separately, StockNews.com lowered shares of Costamare from a “buy” rating to a “hold” rating in a research note on Friday, January 31st.

Costamare Stock Performance

Costamare stock opened at $11.44 on Wednesday. The stock’s 50-day moving average is $12.58 and its 200-day moving average is $13.59. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.65 and a quick ratio of 1.56. Costamare has a 12 month low of $10.29 and a 12 month high of $17.58. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 3.80 and a beta of 1.31.

Costamare (NYSE:CMRE) last issued its earnings results on Wednesday, February 5th. The shipping company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. Costamare had a net margin of 19.11% and a return on equity of 14.28%. Equities analysts anticipate that Costamare will post 2.74 earnings per share for the current year.

Costamare Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Tuesday, January 21st will be paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend is Tuesday, January 21st. Costamare’s payout ratio is presently 15.28%.

Institutional Trading of Costamare

Several institutional investors and hedge funds have recently bought and sold shares of CMRE. Ballentine Partners LLC grew its stake in Costamare by 7.6% during the third quarter. Ballentine Partners LLC now owns 14,262 shares of the shipping company’s stock worth $224,000 after buying an additional 1,012 shares in the last quarter. DGS Capital Management LLC grew its stake in Costamare by 6.1% in the third quarter. DGS Capital Management LLC now owns 21,659 shares of the shipping company’s stock valued at $340,000 after acquiring an additional 1,238 shares during the period. nVerses Capital LLC grew its holdings in Costamare by 1,700.0% during the third quarter. nVerses Capital LLC now owns 1,800 shares of the shipping company’s stock worth $28,000 after buying an additional 1,700 shares in the last quarter. Quarry LP lifted its holdings in Costamare by 157.5% during the third quarter. Quarry LP now owns 3,275 shares of the shipping company’s stock worth $51,000 after acquiring an additional 2,003 shares during the period. Finally, Gladius Capital Management LP bought a new stake in shares of Costamare in the 3rd quarter worth approximately $35,000. Institutional investors own 58.08% of the company’s stock.

Costamare Company Profile