Agman Capital LLC Acquires New Stake in Cadre Holdings, Inc. $CDRE

Agman Capital LLC purchased a new position in shares of Cadre Holdings, Inc. (NYSE:CDRE) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 180,305 shares of the company’s stock, valued at approximately $7,364,000. Cadre comprises approximately 6.3% of Agman Capital LLC’s investment portfolio, making the stock its 5th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in CDRE. Integrated Wealth Concepts LLC bought a new stake in shares of Cadre in the 1st quarter valued at about $230,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Cadre by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,451 shares of the company’s stock valued at $458,000 after acquiring an additional 628 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Cadre by 24,275.0% in the 1st quarter. Jones Financial Companies Lllp now owns 4,875 shares of the company’s stock valued at $144,000 after acquiring an additional 4,855 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Cadre by 9.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 372,211 shares of the company’s stock valued at $11,021,000 after purchasing an additional 31,123 shares during the period. Finally, Jane Street Group LLC increased its holdings in Cadre by 98.5% during the 1st quarter. Jane Street Group LLC now owns 48,052 shares of the company’s stock valued at $1,423,000 after purchasing an additional 23,844 shares during the period. Institutional investors own 43.95% of the company’s stock.

Cadre Stock Down 1.4%

CDRE stock 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’s 50 day moving average price is $30.61 and its two-hundred day moving average price is $37.14. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.33 and a current ratio of 2.26. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 34.31, a price-to-earnings-growth ratio of 1.01 and a beta of 1.32.

Cadre Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given 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 was Friday, May 1st. Cadre’s payout ratio is currently 44.94%.

Insider Activity at Cadre

In other news, CEO Warren B. Kanders sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $31.93, for a total value of $3,193,000.00. Following the sale, the chief executive officer directly owned 9,917,039 shares of the company’s stock, valued at $316,651,055.27. The trade was a 1.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 30.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CDRE shares. Wall Street Zen downgraded Cadre from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 14th. Jefferies Financial Group set a $40.00 price target on Cadre in a report on Wednesday, May 13th. Roth Mkm restated a “buy” rating and set a $40.00 price target on shares of Cadre in a report on Wednesday, May 13th. Weiss Ratings downgraded Cadre from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Finally, Zacks Research upgraded Cadre from a “strong sell” rating to a “hold” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $39.75.

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.