WCM Investment Management LLC Purchases 48,020 Shares of Cadre Holdings, Inc. $CDRE

WCM Investment Management LLC lifted its position in Cadre Holdings, Inc. (NYSE:CDRE) by 9.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 578,564 shares of the company’s stock after purchasing an additional 48,020 shares during the quarter. WCM Investment Management LLC owned 1.42% of Cadre worth $20,961,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its position in Cadre by 585.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock worth $35,000 after buying an additional 832 shares during the last quarter. LRI Investments LLC bought a new position in Cadre during the third quarter valued at approximately $104,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Cadre by 17.8% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,215 shares of the company’s stock worth $227,000 after acquiring an additional 941 shares in the last quarter. Reinhart Partners LLC. bought a new stake in shares of Cadre in the 3rd quarter worth approximately $70,205,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Cadre in the 3rd quarter valued at $74,000. 43.95% of the stock is owned by hedge funds and other institutional investors.

Cadre Stock Up 1.5%

NYSE CDRE opened at $40.63 on Tuesday. Cadre Holdings, Inc. has a 1 year low of $27.07 and a 1 year high of $46.64. The stock has a market capitalization of $1.65 billion, a PE ratio of 36.27, a PEG ratio of 1.31 and a beta of 1.36. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.64 and a quick ratio of 2.58. The business’s 50-day moving average is $42.32 and its 200 day moving average is $38.20.

Cadre (NYSE:CDRE) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The business had revenue of $155.87 million during the quarter, compared to analyst estimates of $158.96 million. Cadre had a return on equity of 13.94% and a net margin of 7.33%.Cadre’s quarterly revenue was up 42.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 EPS. Sell-side analysts forecast that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, January 30th. This is an increase from Cadre’s previous quarterly dividend of $0.10. Cadre’s payout ratio is presently 35.71%.

Insider Buying and Selling

In other Cadre news, CEO Warren B. Kanders sold 1,257,038 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $39.00, for a total value of $49,024,482.00. Following the completion of the transaction, the chief executive officer directly owned 1,546 shares in the company, valued at approximately $60,294. This represents a 99.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 31.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Cadre in a research report on Monday, December 29th. Lake Street Capital raised their price objective on Cadre from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. CJS Securities raised Cadre to a “strong-buy” rating in a research note on Thursday, December 11th. B. Riley restated a “buy” rating on shares of Cadre in a report on Thursday, November 6th. Finally, Wall Street Zen cut Cadre from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Cadre has a consensus rating of “Moderate Buy” and an average target price of $37.67.

About Cadre

Cadre (NYSE:CDRE) is a technology‐driven real estate investment platform that offers accredited and institutional investors direct access to institutional‐grade commercial properties. Established in 2014, Cadre leverages a data-centric approach to identify, underwrite and manage investments in multifamily, office, retail and industrial assets across major U.S. markets. The firm’s platform is designed to streamline the investment process, from deal sourcing and due diligence to ongoing asset management and reporting.

Through its online marketplace, Cadre provides a curated selection of equity and preferred equity offerings, allowing investors to participate in individual properties or diversify across a managed portfolio.