BNP Paribas Financial Markets Has $987,000 Holdings in Costamare Inc. (NYSE:CMRE)

BNP Paribas Financial Markets boosted its stake in Costamare Inc. (NYSE:CMRE) by 141.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,773 shares of the shipping company’s stock after purchasing an additional 36,822 shares during the quarter. BNP Paribas Financial Markets’ holdings in Costamare were worth $987,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC raised its stake in Costamare by 1,322.0% during the second quarter. Acadian Asset Management LLC now owns 1,469,697 shares of the shipping company’s stock worth $24,119,000 after acquiring an additional 1,366,344 shares in the last quarter. American Century Companies Inc. raised its stake in Costamare by 62.9% during the second quarter. American Century Companies Inc. now owns 621,764 shares of the shipping company’s stock worth $10,216,000 after acquiring an additional 239,970 shares in the last quarter. Empowered Funds LLC raised its stake in Costamare by 5.3% during the third quarter. Empowered Funds LLC now owns 572,708 shares of the shipping company’s stock worth $9,003,000 after acquiring an additional 29,078 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Costamare by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 433,995 shares of the shipping company’s stock worth $6,822,000 after acquiring an additional 15,983 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in Costamare by 25,731.0% during the second quarter. Federated Hermes Inc. now owns 401,414 shares of the shipping company’s stock worth $6,595,000 after acquiring an additional 399,860 shares in the last quarter. Institutional investors and hedge funds own 58.08% of the company’s stock.

Analyst Ratings Changes

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

Costamare Stock Performance

Costamare stock opened at $13.36 on Wednesday. The business has a 50 day moving average of $13.99 and a 200-day moving average of $14.54. Costamare Inc. has a 1 year low of $9.16 and a 1 year high of $17.58. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.65 and a quick ratio of 1.56. The company has a market capitalization of $1.57 billion, a P/E ratio of 4.44 and a beta of 1.34.

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 the consensus estimate of $0.64 by $0.04. Costamare had a return on equity of 14.28% and a net margin of 19.11%. The company had revenue of $544.64 million during the quarter, compared to the consensus estimate of $434.13 million. During the same quarter in the prior year, the firm posted $0.46 earnings per share. On average, equities research analysts predict that Costamare Inc. will post 2.83 earnings per share for the current year.

Costamare Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Monday, October 21st were issued a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 3.44%. The ex-dividend date was Monday, October 21st. Costamare’s payout ratio is presently 15.28%.

Costamare Company Profile