Guggenheim Capital LLC Has $2.66 Million Holdings in Costamare Inc (CMRE)

Guggenheim Capital LLC cut its holdings in Costamare Inc (NYSE:CMRE) by 34.0% in the fourth quarter, Holdings Channel reports. The fund owned 460,728 shares of the shipping company’s stock after selling 237,627 shares during the quarter. Guggenheim Capital LLC’s holdings in Costamare were worth $2,658,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Deutsche Bank AG lifted its stake in Costamare by 114.6% in the fourth quarter. Deutsche Bank AG now owns 133,872 shares of the shipping company’s stock valued at $771,000 after acquiring an additional 71,504 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Costamare by 30.0% in the fourth quarter. Renaissance Technologies LLC now owns 461,400 shares of the shipping company’s stock valued at $2,662,000 after acquiring an additional 106,600 shares during the last quarter. Systematic Financial Management LP lifted its stake in Costamare by 12.1% in the fourth quarter. Systematic Financial Management LP now owns 269,090 shares of the shipping company’s stock valued at $1,553,000 after acquiring an additional 29,010 shares during the last quarter. BlackRock Inc. lifted its stake in Costamare by 7.3% in the fourth quarter. BlackRock Inc. now owns 2,478,286 shares of the shipping company’s stock valued at $14,300,000 after acquiring an additional 168,122 shares during the last quarter. Finally, Schroder Investment Management Group lifted its stake in Costamare by 1,202.0% in the fourth quarter. Schroder Investment Management Group now owns 531,200 shares of the shipping company’s stock valued at $3,065,000 after acquiring an additional 490,400 shares during the last quarter. Hedge funds and other institutional investors own 23.58% of the company’s stock.

Shares of Costamare stock opened at $6.72 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.81. Costamare Inc has a 1-year low of $5.45 and a 1-year high of $8.18. The firm has a market capitalization of $722.87, a PE ratio of 8.73 and a beta of 1.99.



Costamare (NYSE:CMRE) last issued its quarterly earnings data on Tuesday, January 23rd. The shipping company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. Costamare had a net margin of 17.67% and a return on equity of 7.28%. The business had revenue of $99.20 million during the quarter, compared to analysts’ expectations of $97.52 million. During the same period in the previous year, the company earned $0.28 earnings per share. Costamare’s revenue for the quarter was down 8.9% on a year-over-year basis. analysts anticipate that Costamare Inc will post 0.72 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 8th. Stockholders of record on Friday, April 20th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date is Thursday, April 19th. Costamare’s payout ratio is 51.95%.

A number of research firms have issued reports on CMRE. ValuEngine cut shares of Costamare from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Zacks Investment Research cut shares of Costamare from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $6.83.

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About Costamare

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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Institutional Ownership by Quarter for Costamare (NYSE:CMRE)

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