Cadre Holdings, Inc. (NYSE:CDRE) Receives Average Recommendation of “Buy” from Analysts

Cadre Holdings, Inc. (NYSE:CDRE) has earned an average recommendation of “Buy” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $43.00.

A number of analysts have recently commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Cadre in a research note on Monday, December 29th. B. Riley Financial reissued a “buy” rating on shares of Cadre in a report on Thursday, November 6th. Roth Mkm lifted their price target on Cadre from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. CJS Securities raised Cadre to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Wall Street Zen raised shares of Cadre from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th.

Cadre Price Performance

Shares of NYSE CDRE opened at $41.43 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.58 and a current ratio of 3.64. The firm has a fifty day moving average of $42.16 and a 200 day moving average of $38.58. The firm has a market cap of $1.68 billion, a PE ratio of 36.99, a PEG ratio of 1.42 and a beta of 1.36. Cadre has a one year low of $27.07 and a one year high of $46.64.

Cadre Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $0.40 annualized dividend and a yield of 1.0%. This is a boost from Cadre’s previous quarterly dividend of $0.10. Cadre’s dividend payout ratio is currently 35.71%.

Insiders Place Their Bets

In other news, CEO Warren B. Kanders sold 1,257,038 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $39.00, for a total transaction of $49,024,482.00. Following the transaction, the chief executive officer directly owned 1,546 shares in the company, valued at $60,294. The trade was a 99.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 31.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cadre

A number of institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG boosted its stake in Cadre by 16.8% during the fourth quarter. Deutsche Bank AG now owns 22,604 shares of the company’s stock worth $923,000 after buying an additional 3,257 shares during the last quarter. GW&K Investment Management LLC increased 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 worth $33,690,000 after acquiring an additional 48,638 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Cadre by 13.3% during the 4th quarter. LPL Financial LLC now owns 13,906 shares of the company’s stock worth $568,000 after acquiring an additional 1,635 shares during the period. State of Wyoming acquired a new position in shares of Cadre during the 4th quarter valued at about $65,000. Finally, Reinhart Partners LLC. boosted 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 acquiring an additional 247,458 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.