Allspring Global Investments Holdings LLC Has $239,000 Stake in Costamare Inc. (NYSE:CMRE)

Allspring Global Investments Holdings LLC decreased its stake in shares of Costamare Inc. (NYSE:CMRE) by 73.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,204 shares of the shipping company’s stock after selling 42,573 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Costamare were worth $239,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CMRE. Blue Trust Inc. increased its holdings in Costamare by 2,540.4% during the third quarter. Blue Trust Inc. now owns 7,393 shares of the shipping company’s stock worth $121,000 after buying an additional 7,113 shares during the last quarter. nVerses Capital LLC grew its stake in Costamare by 1,700.0% during the third quarter. nVerses Capital LLC now owns 1,800 shares of the shipping company’s stock valued at $28,000 after acquiring an additional 1,700 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Costamare during the second quarter valued at $185,000. B. Riley Wealth Advisors Inc. increased its position in shares of Costamare by 39.0% in the second quarter. B. Riley Wealth Advisors Inc. now owns 16,188 shares of the shipping company’s stock worth $266,000 after purchasing an additional 4,544 shares during the last quarter. Finally, Creative Planning lifted its holdings in shares of Costamare by 5.2% during the 2nd quarter. Creative Planning now owns 55,067 shares of the shipping company’s stock worth $905,000 after acquiring an additional 2,703 shares during the last quarter. Hedge funds and other institutional investors own 58.08% of the company’s stock.

Costamare Trading Up 0.9 %

Costamare stock opened at $13.73 on Monday. The business’s fifty day moving average is $14.16 and its 200 day moving average is $14.34. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.61 and a quick ratio of 1.54. The stock has a market capitalization of $1.62 billion, a PE ratio of 4.85 and a beta of 1.37. Costamare Inc. has a one year low of $8.61 and a one year high of $17.58.

Costamare Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Monday, October 21st will be given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Monday, October 21st. Costamare’s dividend payout ratio (DPR) is presently 16.25%.

Wall Street Analyst Weigh In

A number of research analysts have commented on CMRE shares. Jefferies Financial Group reiterated a “hold” rating and set a $13.00 price target on shares of Costamare in a research report on Friday. StockNews.com cut Costamare from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Stifel Nicolaus boosted their price objective on shares of Costamare from $12.00 to $14.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th.

About Costamare