Cadre (NYSE:CDRE) Sets New 1-Year High – Here’s Why

Shares of Cadre Holdings, Inc. (NYSE:CDRE) hit a new 52-week high during trading on Monday . The company traded as high as $47.26 and last traded at $45.89, with a volume of 104621 shares changing hands. The stock had previously closed at $44.39.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Cadre from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. CJS Securities upgraded Cadre to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Cadre in a research report on Monday, December 29th. Lake Street Capital reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Cadre in a research note on Wednesday, February 4th. Finally, Roth Mkm boosted their price objective on Cadre from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Cadre currently has a consensus rating of “Buy” and a consensus target price of $43.00.

Cadre Trading Up 1.0%

The stock has a market cap of $1.85 billion, a P/E ratio of 40.52, a price-to-earnings-growth ratio of 1.55 and a beta of 1.34. The stock’s 50-day moving average is $42.37 and its two-hundred day moving average is $39.80. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.64 and a quick ratio of 2.58.

Cadre Increases Dividend

The company 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. This represents a $0.40 annualized dividend and a dividend yield of 0.9%. This is a positive change from Cadre’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, January 30th. Cadre’s payout ratio is presently 35.71%.

Hedge Funds Weigh In On Cadre

Institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Cadre during the 1st quarter worth approximately $230,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Cadre by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,451 shares of the company’s stock worth $458,000 after purchasing an additional 628 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Cadre by 24,275.0% during the first quarter. Jones Financial Companies Lllp now owns 4,875 shares of the company’s stock valued at $144,000 after purchasing an additional 4,855 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Cadre by 9.1% during the first quarter. Goldman Sachs Group Inc. now owns 372,211 shares of the company’s stock valued at $11,021,000 after purchasing an additional 31,123 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Cadre by 98.5% in the 1st quarter. Jane Street Group LLC now owns 48,052 shares of the company’s stock worth $1,423,000 after buying an additional 23,844 shares in 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.