Cadre Holdings, Inc. $CDRE Stake Cut by Vanguard Group Inc.

Vanguard Group Inc. reduced its holdings in Cadre Holdings, Inc. (NYSE:CDRE) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,671,202 shares of the company’s stock after selling 26,440 shares during the period. Vanguard Group Inc. owned about 4.11% of Cadre worth $68,252,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Rafferty Asset Management LLC lifted its stake in Cadre by 3.8% in the 3rd quarter. Rafferty Asset Management LLC now owns 7,003 shares of the company’s stock worth $256,000 after acquiring an additional 259 shares in the last quarter. Huntington National Bank lifted its stake in Cadre by 33.9% in the 3rd quarter. Huntington National Bank now owns 1,285 shares of the company’s stock worth $47,000 after acquiring an additional 325 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Cadre by 3.2% in the 2nd 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Cadre by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,451 shares of the company’s stock worth $458,000 after acquiring an additional 628 shares in the last quarter. Finally, Mariner LLC lifted its stake in Cadre by 6.1% in the 3rd quarter. Mariner LLC now owns 11,174 shares of the company’s stock worth $408,000 after acquiring an additional 643 shares in the last quarter. 43.95% of the stock is owned by hedge funds and other institutional investors.

Cadre Stock Down 2.4%

CDRE opened at $30.54 on Friday. Cadre Holdings, Inc. has a fifty-two week low of $25.73 and a fifty-two week high of $48.76. The business has a 50-day moving average of $32.48 and a 200-day moving average of $38.92. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.26 and a quick ratio of 2.54. The company has a market capitalization of $1.31 billion, a PE ratio of 34.31, a price-to-earnings-growth ratio of 1.10 and a beta of 1.32.

Cadre (NYSE:CDRE) last posted its quarterly earnings results on Tuesday, March 10th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.20). Cadre had a return on equity of 11.67% and a net margin of 5.80%.The firm had revenue of $167.22 million for the quarter, compared to analysts’ expectations of $182.94 million. During the same period last year, the business earned $0.32 earnings per share. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. Equities research analysts forecast that Cadre Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Cadre Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, May 1st. Cadre’s dividend payout ratio (DPR) is presently 44.94%.

Insider Buying and Selling at Cadre

In related news, CEO Warren B. Kanders sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $31.40, for a total value of $3,140,000.00. Following the transaction, the chief executive officer directly owned 10,017,039 shares of the company’s stock, valued at approximately $314,535,024.60. This trade represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 30.10% of the company’s stock.

Wall Street Analysts Forecast Growth

CDRE has been the subject of several research analyst reports. Zacks Research downgraded Cadre from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Wall Street Zen downgraded Cadre from a “strong-buy” rating to a “hold” rating in a research note on Saturday, March 14th. Roth Mkm reaffirmed a “buy” rating and set a $40.00 price target on shares of Cadre in a research note on Wednesday. Lake Street Capital reaffirmed a “buy” rating and set a $53.00 price target on shares of Cadre in a research note on Wednesday, February 4th. Finally, Jefferies Financial Group set a $40.00 price target on Cadre in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Cadre has an average rating of “Hold” and an average target price of $39.75.

Cadre Profile

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.