Cadre Holdings, Inc. (NYSE:CDRE) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Cadre Holdings, Inc. (NYSE:CDRE) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $39.75.

Several analysts have recently issued reports on the company. Jefferies Financial Group set a $40.00 price objective on Cadre in a research note on Wednesday, May 13th. Roth Mkm reiterated a “buy” rating and issued a $40.00 price objective on shares of Cadre in a research note on Wednesday, May 13th. Wall Street Zen cut Cadre from a “strong-buy” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings cut Cadre from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Finally, Zacks Research upgraded Cadre from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 4th.

Cadre Stock Down 1.0%

Shares of NYSE CDRE opened at $28.81 on Wednesday. The stock has a market cap of $1.23 billion, a P/E ratio of 32.37 and a beta of 1.32. The company has a current ratio of 2.26, a quick ratio of 1.33 and a debt-to-equity ratio of 1.04. Cadre has a 12-month low of $25.73 and a 12-month high of $48.76. The business’s fifty day simple moving average is $30.46 and its 200-day simple moving average is $36.92.

Cadre Announces Dividend

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

Insiders Place Their Bets

In other Cadre news, CEO Warren B. Kanders sold 100,000 shares of the firm’s stock in a transaction 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 in the company, valued at $316,651,055.27. This trade represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 30.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cadre

Hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings in shares of Cadre by 585.9% during the third quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock worth $35,000 after purchasing an additional 832 shares during the last quarter. KBC Group NV purchased a new position in shares of Cadre during the first quarter worth about $41,000. Huntington National Bank grew its holdings in shares of Cadre by 33.9% during the third quarter. Huntington National Bank now owns 1,285 shares of the company’s stock worth $47,000 after purchasing an additional 325 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Cadre by 34.6% during the first quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock worth $58,000 after purchasing an additional 483 shares during the last quarter. Finally, Danske Bank A S grew its holdings in shares of Cadre by 400.0% during the fourth quarter. Danske Bank A S now owns 1,500 shares of the company’s stock worth $61,000 after purchasing an additional 1,200 shares during the last quarter. Hedge funds and other institutional investors own 43.95% of the company’s stock.

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.