Bridgeway Capital Management LLC Grows Stock Position in Costamare Inc. (NYSE:CMRE)

Bridgeway Capital Management LLC grew its holdings in shares of Costamare Inc. (NYSE:CMRE) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,546,489 shares of the shipping company’s stock after purchasing an additional 29,354 shares during the quarter. Bridgeway Capital Management LLC’s holdings in Costamare were worth $19,872,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Barclays PLC boosted its position in Costamare by 291.1% during the third quarter. Barclays PLC now owns 59,016 shares of the shipping company’s stock worth $928,000 after acquiring an additional 43,925 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Costamare by 10.9% during the 4th quarter. Principal Financial Group Inc. now owns 65,638 shares of the shipping company’s stock worth $843,000 after purchasing an additional 6,461 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Costamare by 18.8% in the fourth quarter. American Century Companies Inc. now owns 1,077,400 shares of the shipping company’s stock valued at $13,845,000 after purchasing an additional 170,412 shares during the last quarter. New York State Common Retirement Fund lifted its position in Costamare by 4.2% during the fourth quarter. New York State Common Retirement Fund now owns 223,565 shares of the shipping company’s stock worth $2,873,000 after buying an additional 9,100 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Costamare by 33.3% during the fourth quarter. JPMorgan Chase & Co. now owns 452,504 shares of the shipping company’s stock worth $5,815,000 after buying an additional 112,938 shares during the last quarter. Hedge funds and other institutional investors own 58.08% of the company’s stock.

Costamare Price Performance

NYSE:CMRE opened at $9.46 on Tuesday. Costamare Inc. has a 52 week low of $8.11 and a 52 week high of $17.58. The stock’s fifty day moving average is $9.60 and its two-hundred day moving average is $11.59. The company has a market capitalization of $1.13 billion, a P/E ratio of 3.88 and a beta of 1.13. The company has a quick ratio of 1.56, a current ratio of 1.65 and a debt-to-equity ratio of 0.73.

Costamare (NYSE:CMRE) last issued its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. Costamare had a return on equity of 14.03% and a net margin of 15.14%. Equities analysts expect that Costamare Inc. will post 2.52 EPS for the current year.

Costamare Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Thursday, April 17th will be paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date of this dividend is Thursday, April 17th. Costamare’s dividend payout ratio (DPR) is 18.85%.

Analyst Ratings Changes

Several research firms have recently commented on CMRE. StockNews.com assumed coverage on Costamare in a report on Tuesday, April 29th. They set a “hold” rating on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $13.00 target price on shares of Costamare in a research note on Wednesday, February 5th.

Costamare Company Profile