Short Interest in Cadre Holdings, Inc. (NYSE:CDRE) Decreases By 26.9%

Cadre Holdings, Inc. (NYSE:CDRE) saw a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 1,663,534 shares, a decline of 26.9% from the January 29th total of 2,276,594 shares. Approximately 6.0% of the shares of the stock are sold short. Based on an average daily volume of 193,209 shares, the short-interest ratio is presently 8.6 days. Based on an average daily volume of 193,209 shares, the short-interest ratio is presently 8.6 days. Approximately 6.0% of the shares of the stock are sold short.

Cadre Stock Down 2.5%

Shares of CDRE traded down $1.13 during mid-day trading on Tuesday, reaching $44.94. The company’s stock had a trading volume of 236,867 shares, compared to its average volume of 171,664. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 40.13, a price-to-earnings-growth ratio of 1.55 and a beta of 1.34. The business has a fifty day moving average of $42.37 and a 200 day moving average of $39.80. The company has a quick ratio of 2.58, a current ratio of 3.64 and a debt-to-equity ratio of 0.87. Cadre has a 1 year low of $27.07 and a 1 year high of $47.38.

Cadre Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were issued a $0.10 dividend. The ex-dividend date was Friday, January 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.9%. This is a positive change from Cadre’s previous quarterly dividend of $0.10. Cadre’s dividend payout ratio is currently 35.71%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. B. Riley Financial reissued a “buy” rating on shares of Cadre in a research note on Thursday, November 6th. Roth Mkm increased their price objective on Cadre from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Zacks Research raised Cadre from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. CJS Securities upgraded Cadre to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Wall Street Zen raised Cadre from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $43.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new stake in shares of Cadre during the 4th quarter valued at $988,000. nVerses Capital LLC purchased a new stake in shares of Cadre during the fourth quarter worth $214,000. Voloridge Investment Management LLC purchased a new stake in shares of Cadre during the fourth quarter worth $243,000. Susquehanna Fundamental Investments LLC acquired a new stake in Cadre during the fourth quarter valued at $210,000. Finally, Millennium Management LLC grew its stake in Cadre by 520.1% in the fourth quarter. Millennium Management LLC now owns 146,657 shares of the company’s stock valued at $5,989,000 after purchasing an additional 123,008 shares in the last quarter. 43.95% of the stock is 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.