Deprince Race & Zollo Inc. Buys 70,974 Shares of Cadre Holdings, Inc. $CDRE

Deprince Race & Zollo Inc. increased its position in Cadre Holdings, Inc. (NYSE:CDRE) by 79.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,862 shares of the company’s stock after acquiring an additional 70,974 shares during the quarter. Deprince Race & Zollo Inc. owned about 0.37% of Cadre worth $4,905,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CDRE. Jane Street Group LLC bought a new position in shares of Cadre in the fourth quarter worth approximately $22,875,000. Reinhart Partners LLC. raised its position in shares of Cadre by 12.9% during the 4th quarter. Reinhart Partners LLC. now owns 2,170,349 shares of the company’s stock valued at $88,638,000 after purchasing an additional 247,458 shares during the period. Vanguard Group Inc. lifted its stake in shares of Cadre by 15.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,697,642 shares of the company’s stock valued at $61,981,000 after buying an additional 224,218 shares in the last quarter. Capital Research Global Investors boosted its holdings in Cadre by 30.6% in the 3rd quarter. Capital Research Global Investors now owns 930,318 shares of the company’s stock worth $33,966,000 after buying an additional 217,864 shares during the period. Finally, Fred Alger Management LLC boosted its holdings in Cadre by 46.8% in the 4th quarter. Fred Alger Management LLC now owns 623,730 shares of the company’s stock worth $25,473,000 after buying an additional 198,750 shares during the period. Institutional investors own 43.95% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, CEO Warren B. Kanders sold 100,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $30.03, for a total transaction of $3,003,000.00. Following the completion of the transaction, the chief executive officer directly owned 9,817,039 shares of the company’s stock, valued at approximately $294,805,681.17. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 175,000 shares of company stock worth $5,091,500 over the last three months. 30.10% of the stock is currently owned by corporate insiders.

Cadre Stock Performance

Shares of NYSE CDRE opened at $29.44 on Friday. The company has a market cap of $1.26 billion, a P/E ratio of 33.07 and a beta of 1.33. Cadre Holdings, Inc. has a 52-week low of $25.73 and a 52-week high of $48.76. 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 firm’s fifty day moving average is $29.56 and its two-hundred day moving average is $35.67.

Cadre Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors 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 1.4%. The ex-dividend date was Friday, May 1st. Cadre’s 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.