Costamare Inc. (NYSE:CMRE) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lessened its stake in Costamare Inc. (NYSE:CMRE – Get Rating) by 31.5% during the third quarter, HoldingsChannel.com reports. The firm owned 67,751 shares of the shipping company’s stock after selling 31,114 shares during the period. Cubist Systematic Strategies LLC’s holdings in Costamare were worth $606,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CMRE. Dimensional Fund Advisors LP increased its holdings in Costamare by 5.9% in the third quarter. Dimensional Fund Advisors LP now owns 7,211,083 shares of the shipping company’s stock valued at $64,540,000 after buying an additional 401,182 shares during the last quarter. Renaissance Technologies LLC grew its stake in Costamare by 7.3% during the 3rd quarter. Renaissance Technologies LLC now owns 2,558,782 shares of the shipping company’s stock worth $22,901,000 after buying an additional 174,400 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Costamare by 99.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,380,031 shares of the shipping company’s stock valued at $23,529,000 after purchasing an additional 689,704 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Costamare by 22.3% in the first quarter. JPMorgan Chase & Co. now owns 476,629 shares of the shipping company’s stock worth $7,872,000 after purchasing an additional 86,941 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Costamare by 0.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 334,442 shares of the shipping company’s stock valued at $5,703,000 after buying an additional 2,984 shares during the period. Institutional investors own 48.80% of the company’s stock.

Costamare Stock Performance

CMRE stock opened at $9.85 on Friday. The firm has a 50 day simple moving average of $10.01 and a 200 day simple moving average of $9.82. Costamare Inc. has a 52 week low of $8.55 and a 52 week high of $18.01. The stock has a market cap of $1.20 billion, a P/E ratio of 2.31 and a beta of 1.38. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.33 and a current ratio of 2.40.

Costamare Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 7th. Shareholders of record on Friday, January 20th were paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend was Thursday, January 19th. Costamare’s dividend payout ratio (DPR) is currently 10.77%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Stifel Nicolaus lowered shares of Costamare from a “buy” rating to a “hold” rating and decreased their price target for the stock from $12.50 to $11.00 in a research report on Friday, January 13th. Jefferies Financial Group decreased their price objective on shares of Costamare from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, February 8th. Finally, StockNews.com raised Costamare from a “hold” rating to a “buy” rating in a research report on Friday.

About Costamare

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Costamare, Inc is a holding company, which engages in the provision of containerships chartering. It operates through the following segments: Container Vessels, Dry Bulk Vessels, and Other. The Container Vessels segment consists of transportation of containerized products through ownership and trading of container vessels.