Cadre Holdings, Inc. (NYSE:CDRE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Cadre Holdings, Inc. (NYSE:CDRE) have been given an average recommendation of “Moderate Buy” by the six research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $37.6667.

A number of brokerages have recently commented on CDRE. Wall Street Zen raised Cadre from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 20th. Roth Capital reaffirmed a “buy” rating and issued a $44.00 target price on shares of Cadre in a research note on Friday, October 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Cadre in a report on Monday, December 29th. Lake Street Capital boosted their price target on shares of Cadre from $41.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Finally, CJS Securities upgraded shares of Cadre to a “strong-buy” rating in a research report on Thursday, December 11th.

Insider Buying and Selling at Cadre

In related news, CEO Warren B. Kanders sold 1,257,038 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was 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. The trade was 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 this hyperlink. 31.50% of the stock is owned by company insiders.

Institutional Trading of Cadre

Several hedge funds have recently bought and sold shares of CDRE. Greenhouse Funds LLLP raised its holdings in shares of Cadre by 1.7% during the third quarter. Greenhouse Funds LLLP now owns 2,789,410 shares of the company’s stock worth $101,841,000 after acquiring an additional 46,145 shares during the period. Reinhart Partners LLC. acquired a new stake in shares of Cadre in the 3rd quarter valued at about $70,205,000. Vanguard Group Inc. lifted its holdings in shares of Cadre by 15.2% in the third quarter. Vanguard Group Inc. now owns 1,697,642 shares of the company’s stock valued at $61,981,000 after purchasing an additional 224,218 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of Cadre by 30.6% in the third quarter. Capital Research Global Investors now owns 930,318 shares of the company’s stock valued at $33,966,000 after purchasing an additional 217,864 shares in the last quarter. Finally, Ophir Asset Management Pty Ltd acquired a new position in shares of Cadre during the second quarter worth about $21,872,000. 43.95% of the stock is currently owned by institutional investors and hedge funds.

Cadre Stock Down 0.1%

NYSE:CDRE opened at $43.54 on Friday. The company has a quick ratio of 2.58, a current ratio of 3.64 and a debt-to-equity ratio of 0.87. Cadre has a 12-month low of $27.07 and a 12-month high of $46.64. The stock’s fifty day simple moving average is $42.24 and its 200-day simple moving average is $37.41. The firm has a market capitalization of $1.77 billion, a P/E ratio of 38.87, a P/E/G ratio of 1.43 and a beta of 1.36.

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

Cadre Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were issued a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, October 31st. Cadre’s dividend payout ratio is 33.93%.

Cadre Company 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.