Corbyn Investment Management Inc. MD Has $3.04 Million Stock Holdings in Cadre Holdings, Inc. $CDRE

Corbyn Investment Management Inc. MD raised its position in Cadre Holdings, Inc. (NYSE:CDRE) by 102.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 99,144 shares of the company’s stock after buying an additional 50,143 shares during the period. Corbyn Investment Management Inc. MD owned about 0.23% of Cadre worth $3,042,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Greenhouse Funds LLLP boosted its holdings in Cadre by 1.7% in the third quarter. Greenhouse Funds LLLP now owns 2,789,410 shares of the company’s stock valued at $101,841,000 after acquiring an additional 46,145 shares during the last quarter. Reinhart Partners LLC. raised its holdings in Cadre by 12.9% during the 4th quarter. Reinhart Partners LLC. now owns 2,170,349 shares of the company’s stock worth $88,638,000 after purchasing an additional 247,458 shares during the last quarter. State Street Corp lifted its position in Cadre by 6.7% during the 4th quarter. State Street Corp now owns 1,217,689 shares of the company’s stock valued at $49,730,000 after purchasing an additional 76,685 shares during the period. Capital Research Global Investors lifted its position in Cadre by 30.6% during the 3rd 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 during the period. Finally, GW&K Investment Management LLC boosted its stake in shares of Cadre by 6.3% in the 4th quarter. GW&K Investment Management LLC now owns 824,927 shares of the company’s stock valued at $33,690,000 after purchasing an additional 48,638 shares during the last quarter. 43.95% of the stock is owned by institutional investors and hedge funds.

Cadre Trading Down 0.0%

Shares of NYSE CDRE opened at $29.44 on Monday. Cadre Holdings, Inc. has a twelve month low of $25.73 and a twelve month high of $48.76. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 33.07 and a beta of 1.33. The company has a quick ratio of 1.33, a current ratio of 2.26 and a debt-to-equity ratio of 1.04. The company’s fifty day moving average is $29.56 and its 200-day moving average is $35.58.

Cadre Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, May 1st. Cadre’s payout ratio is presently 44.94%.

Analysts Set New Price Targets

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

Insider Activity

In other news, CEO Warren B. Kanders sold 50,000 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $27.43, for a total transaction of $1,371,500.00. Following the sale, the chief executive officer owned 9,617,039 shares of the company’s stock, valued at $263,795,379.77. This trade represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 175,000 shares of company stock valued at $5,091,500 in the last ninety days. 30.10% of the stock is owned by corporate insiders.

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.