Cadre Holdings, Inc. $CDRE Shares Bought by Brown Advisory Inc.

Brown Advisory Inc. boosted its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 574,594 shares of the company’s stock after buying an additional 20,767 shares during the quarter. Brown Advisory Inc. owned 1.41% of Cadre worth $23,466,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp grew its position in shares of Cadre by 585.9% in the third quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock valued at $35,000 after purchasing an additional 832 shares during the last quarter. Huntington National Bank grew its position in shares of Cadre by 33.9% in the third quarter. Huntington National Bank now owns 1,285 shares of the company’s stock valued at $47,000 after purchasing an additional 325 shares during the last quarter. Danske Bank A S grew its position in shares of Cadre by 400.0% in the fourth quarter. Danske Bank A S now owns 1,500 shares of the company’s stock valued at $61,000 after purchasing an additional 1,200 shares during the last quarter. State of Wyoming acquired a new stake in shares of Cadre in the fourth quarter valued at approximately $65,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Cadre by 110.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,283 shares of the company’s stock valued at $136,000 after purchasing an additional 2,246 shares during the last quarter. 43.95% of the stock is currently owned by institutional investors and hedge funds.

Cadre Price Performance

Shares of CDRE stock opened at $29.08 on Tuesday. The firm has a market cap of $1.24 billion, a P/E ratio of 32.67 and a beta of 1.32. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.26 and a quick ratio of 1.33. Cadre Holdings, Inc. has a 1-year low of $25.73 and a 1-year high of $48.76. The firm has a fifty day moving average of $30.54 and a two-hundred day moving average of $37.02.

Cadre Dividend Announcement

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 dividend of $0.10 per share. 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 dividend payout ratio is presently 44.94%.

Insider Buying and Selling at Cadre

In other news, CEO Warren B. Kanders sold 100,000 shares of the stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $31.93, for a total transaction of $3,193,000.00. Following the sale, the chief executive officer directly owned 9,917,039 shares in the company, valued at approximately $316,651,055.27. This represents a 1.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 30.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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