Cadre Holdings, Inc. (NYSE:CDRE) Given Consensus Rating of “Moderate Buy” by Brokerages

Cadre Holdings, Inc. (NYSE:CDRE) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $39.75.

A number of analysts have recently weighed in on the company. Jefferies Financial Group set a $40.00 price target on Cadre in a research report on Wednesday, May 13th. Weiss Ratings lowered Cadre from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Zacks Research upgraded Cadre from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 4th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $40.00 target price on shares of Cadre in a research report on Wednesday, May 13th.

Insider Buying and Selling at Cadre

In related news, CEO Warren B. Kanders sold 50,000 shares of Cadre stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $27.43, for a total value of $1,371,500.00. Following the sale, the chief executive officer directly owned 9,617,039 shares in the company, valued at $263,795,379.77. This trade represents a 0.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 175,000 shares of company stock valued at $5,091,500. 30.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cadre

Several large investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its position in Cadre by 3.2% in the second quarter. The Manufacturers Life Insurance Company now owns 13,991 shares of the company’s stock worth $446,000 after acquiring an additional 438 shares in the last quarter. Assetmark Inc. lifted its holdings in Cadre by 34.6% in the 1st quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock valued at $58,000 after acquiring an additional 483 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Cadre by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,451 shares of the company’s stock valued at $458,000 after purchasing an additional 628 shares in the last quarter. Mariner LLC boosted its position in shares of Cadre by 6.1% during the 3rd quarter. Mariner LLC now owns 11,174 shares of the company’s stock valued at $408,000 after purchasing an additional 643 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of Cadre by 3.2% in the 2nd quarter. Sei Investments Co. now owns 21,040 shares of the company’s stock worth $670,000 after purchasing an additional 651 shares during the last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

Cadre Price Performance

CDRE opened at $29.11 on Friday. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 32.71 and a beta of 1.33. Cadre has a fifty-two week low of $25.73 and a fifty-two week high of $48.76. The company’s 50-day moving average price is $29.49 and its 200 day moving average price is $34.75. The company has a quick ratio of 1.33, a current ratio of 2.26 and a debt-to-equity ratio of 1.04.

Cadre Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given a dividend of $0.10 per share. The ex-dividend date was Friday, May 1st. This represents a $0.40 annualized dividend and a dividend yield of 1.4%. Cadre’s dividend payout ratio is currently 44.94%.

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.