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

Cadre Holdings, Inc. (NYSE:CDRE) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $37.6667.

Several equities research analysts have issued reports on CDRE shares. CJS Securities upgraded Cadre to a “strong-buy” rating in a research report on Thursday, December 11th. Lake Street Capital boosted their price objective on Cadre from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Wall Street Zen raised Cadre from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 20th. B. Riley reaffirmed a “buy” rating on shares of Cadre in a report on Thursday, November 6th. Finally, Roth Capital reissued a “buy” rating and issued a $44.00 price target on shares of Cadre in a report on Friday, October 10th.

Cadre Price Performance

Shares of NYSE:CDRE opened at $41.68 on Wednesday. The firm has a market capitalization of $1.69 billion, a PE ratio of 37.21, a P/E/G ratio of 1.56 and a beta of 1.36. The company has a quick ratio of 2.58, a current ratio of 3.64 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average price of $42.42 and a two-hundred day moving average price of $36.59. Cadre has a twelve month low of $27.07 and a twelve month high of $46.64.

Cadre (NYSE:CDRE) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. The company had revenue of $155.87 million for the quarter, compared to analyst estimates of $158.96 million. Cadre had a net margin of 7.33% and a return on equity of 13.94%. The company’s quarterly revenue was up 42.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 earnings per share. Equities analysts forecast that Cadre will post 1.05 EPS for the current year.

Cadre Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were paid a $0.095 dividend. The ex-dividend date was Friday, October 31st. This represents a $0.38 annualized dividend and a yield of 0.9%. Cadre’s dividend payout ratio is currently 33.93%.

Insider Activity at Cadre

In other news, CEO Warren B. Kanders sold 1,257,038 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $39.00, for a total value of $49,024,482.00. Following the transaction, the chief executive officer owned 1,546 shares of the company’s stock, valued at approximately $60,294. This represents a 99.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 31.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cadre

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CDRE. Vanguard Group Inc. increased its stake in Cadre by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 1,432,441 shares of the company’s stock worth $42,415,000 after acquiring an additional 41,476 shares during the last quarter. Nuveen LLC purchased a new position in shares of Cadre during the first quarter worth about $1,648,000. American Century Companies Inc. increased its position in shares of Cadre by 12.6% in the first quarter. American Century Companies Inc. now owns 46,136 shares of the company’s stock worth $1,366,000 after purchasing an additional 5,179 shares during the last quarter. Northern Trust Corp raised its stake in Cadre by 14.9% in the first quarter. Northern Trust Corp now owns 344,693 shares of the company’s stock valued at $10,206,000 after purchasing an additional 44,588 shares in the last quarter. Finally, Freedom Investment Management Inc. lifted its position in Cadre by 12.5% during the first quarter. Freedom Investment Management Inc. now owns 14,772 shares of the company’s stock valued at $437,000 after purchasing an additional 1,639 shares during the last quarter. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

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.