Signia Capital Management LLC reduced its stake in shares of Costamare Inc (NYSE:CMRE) by 5.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 486,071 shares of the shipping company’s stock after selling 27,935 shares during the quarter. Costamare comprises 3.0% of Signia Capital Management LLC’s portfolio, making the stock its 16th biggest holding. Signia Capital Management LLC’s holdings in Costamare were worth $2,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Voya Investment Management LLC bought a new position in Costamare during the second quarter valued at about $105,000. FNY Partners Fund LP bought a new position in shares of Costamare in the third quarter worth about $106,000. Highbridge Capital Management LLC bought a new position in shares of Costamare in the third quarter worth about $124,000. Royal Bank of Canada increased its stake in shares of Costamare by 31.4% in the second quarter. Royal Bank of Canada now owns 21,265 shares of the shipping company’s stock worth $155,000 after purchasing an additional 5,081 shares during the period. Finally, Commerce Bank bought a new position in shares of Costamare in the third quarter worth about $155,000. Institutional investors own 25.05% of the company’s stock.

Costamare Inc (CMRE) opened at $6.36 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.82 and a quick ratio of 0.78. The company has a market capitalization of $691.44, a PE ratio of 8.30, a PEG ratio of 1.77 and a beta of 2.10. Costamare Inc has a 12 month low of $5.15 and a 12 month high of $8.18.

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

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 6th. Investors of record on Tuesday, January 23rd were paid a dividend of $0.10 per share. The ex-dividend date was Monday, January 22nd. This represents a $0.40 annualized dividend and a yield of 6.29%. Costamare’s dividend payout ratio is 74.07%.

CMRE has been the topic of a number of recent analyst reports. ValuEngine upgraded Costamare from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded Costamare from a “sell” rating to a “buy” rating and set a $6.50 price objective on the stock in a research note on Wednesday, December 27th. BidaskClub lowered Costamare from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Stifel Nicolaus reiterated a “hold” rating and issued a $7.00 price objective on shares of Costamare in a research note on Thursday, October 12th. Finally, Credit Suisse Group set a $7.00 price objective on Costamare and gave the stock a “hold” rating in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $7.38.

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Costamare Profile

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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