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

Cadre Holdings, Inc. (NYSE:CDRE) has received an average rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $43.00.

A number of equities research analysts have weighed in on the stock. Wall Street Zen lowered shares of Cadre from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 14th. 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. Zacks Research lowered shares of Cadre from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Roth Mkm boosted their price objective on shares of Cadre from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Cadre in a research report on Monday, December 29th.

Insider Activity at Cadre

In related news, CEO Warren B. Kanders sold 100,000 shares of Cadre 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 $314,535,024.60. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 31.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CDRE. Rockefeller Capital Management L.P. lifted its position in shares of Cadre by 3.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 25,720 shares of the company’s stock worth $1,050,000 after purchasing an additional 809 shares during the period. XTX Topco Ltd bought a new position in Cadre during the fourth quarter worth $988,000. nVerses Capital LLC bought a new position in Cadre during the fourth quarter worth $214,000. Voloridge Investment Management LLC acquired a new position in Cadre in the fourth quarter valued at $243,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Cadre in the fourth quarter valued at $210,000. Institutional investors own 43.95% of the company’s stock.

Cadre Price Performance

Cadre stock opened at $32.49 on Friday. The stock has a 50-day moving average price of $38.91 and a two-hundred day moving average price of $40.24. Cadre has a 12 month low of $27.07 and a 12 month high of $48.76. The company has a market capitalization of $1.39 billion, a PE ratio of 30.37, a P/E/G ratio of 1.18 and a beta of 1.48. The company has a current ratio of 3.50, a quick ratio of 2.54 and a debt-to-equity ratio of 0.92.

Cadre (NYSE:CDRE) last released its quarterly earnings results on Tuesday, March 10th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.20). Cadre had a return on equity of 13.50% and a net margin of 7.23%.The firm had revenue of $167.22 million for the quarter, compared to the consensus estimate of $182.94 million. During the same quarter last year, the firm posted $0.32 earnings per share. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. Analysts expect that Cadre will post 1.05 EPS for the current year.

Cadre Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, January 30th. This is a positive change from Cadre’s previous quarterly dividend of $0.10. This represents a $0.40 annualized dividend and a dividend yield of 1.2%. Cadre’s payout ratio is currently 37.38%.

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.