Olympiad Research LP Purchases New Holdings in Costamare Inc. (NYSE:CMRE)

Olympiad Research LP purchased a new stake in Costamare Inc. (NYSE:CMREFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,917 shares of the shipping company’s stock, valued at approximately $228,000.

Several other hedge funds have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in Costamare by 1,282.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 214,428 shares of the shipping company’s stock valued at $2,063,000 after buying an additional 198,922 shares during the period. Dimensional Fund Advisors LP increased its stake in Costamare by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,069,284 shares of the shipping company’s stock valued at $73,591,000 after buying an additional 107,756 shares during the period. Gallacher Capital Management LLC acquired a new position in Costamare in the 3rd quarter valued at approximately $476,000. BNP Paribas Financial Markets increased its stake in Costamare by 145.1% in the 4th quarter. BNP Paribas Financial Markets now owns 81,793 shares of the shipping company’s stock valued at $851,000 after buying an additional 48,419 shares during the period. Finally, Jump Financial LLC acquired a new position in Costamare in the 3rd quarter valued at approximately $464,000. Hedge funds and other institutional investors own 58.08% of the company’s stock.

Costamare Stock Performance

Shares of CMRE opened at $15.65 on Friday. The company’s fifty day moving average is $12.47 and its 200-day moving average is $11.25. Costamare Inc. has a 12 month low of $7.71 and a 12 month high of $15.68. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 6.06 and a beta of 1.32. The company has a quick ratio of 1.81, a current ratio of 1.91 and a debt-to-equity ratio of 0.80.

Costamare Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Friday, April 19th were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend was Thursday, April 18th. Costamare’s dividend payout ratio is currently 17.83%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CMRE. Jefferies Financial Group upped their price objective on shares of Costamare from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Friday, May 10th. Stifel Nicolaus increased their price target on shares of Costamare from $11.50 to $12.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Finally, StockNews.com lowered shares of Costamare from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 21st.

Get Our Latest Stock Analysis on CMRE

About Costamare

(Free Report)

Further Reading

Institutional Ownership by Quarter for Costamare (NYSE:CMRE)

Receive News & Ratings for Costamare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costamare and related companies with MarketBeat.com's FREE daily email newsletter.