GW&K Investment Management LLC Increases Stock Position in Cadre Holdings, Inc. $CDRE

GW&K Investment Management LLC grew its holdings in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 6.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 824,927 shares of the company’s stock after purchasing an additional 48,638 shares during the period. GW&K Investment Management LLC’s holdings in Cadre were worth $33,690,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CDRE. Reinhart Partners LLC. lifted its holdings in shares of Cadre by 12.9% in the 4th quarter. Reinhart Partners LLC. now owns 2,170,349 shares of the company’s stock valued at $88,638,000 after buying an additional 247,458 shares during the period. Vanguard Group Inc. raised its position in Cadre by 15.2% in the third quarter. Vanguard Group Inc. now owns 1,697,642 shares of the company’s stock worth $61,981,000 after acquiring an additional 224,218 shares in the last quarter. Capital Research Global Investors raised its position in Cadre by 30.6% in the third quarter. Capital Research Global Investors now owns 930,318 shares of the company’s stock worth $33,966,000 after acquiring an additional 217,864 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in Cadre by 458.0% in the second quarter. Qube Research & Technologies Ltd now owns 156,952 shares of the company’s stock valued at $4,999,000 after acquiring an additional 128,823 shares during the period. Finally, Raymond James Financial Inc. boosted its position in shares of Cadre by 51.6% during the 2nd quarter. Raymond James Financial Inc. now owns 359,702 shares of the company’s stock worth $11,457,000 after purchasing an additional 122,458 shares in the last quarter. 43.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Warren B. Kanders sold 100,000 shares of Cadre stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $31.93, for a total transaction of $3,193,000.00. Following the completion of the sale, the chief executive officer directly owned 9,917,039 shares in the company, valued at $316,651,055.27. The trade was a 1.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 30.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Zacks Research raised shares of Cadre from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 4th. Roth Mkm reissued a “buy” rating and set a $40.00 price objective on shares of Cadre in a report on Wednesday, May 13th. Weiss Ratings lowered shares of Cadre from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Wall Street Zen cut shares of Cadre from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Jefferies Financial Group set a $40.00 price target on shares of Cadre in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.75.

Cadre Stock Performance

Cadre stock opened at $29.55 on Thursday. Cadre Holdings, Inc. has a fifty-two week low of $25.73 and a fifty-two week high of $48.76. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 1.01 and a beta of 1.32. The stock has a fifty day moving average of $30.63 and a two-hundred day moving average of $37.25. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.33 and a current ratio of 2.26.

Cadre (NYSE:CDRE) last posted its quarterly earnings data on Tuesday, March 10th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.20). The company had revenue of $167.22 million for the quarter, compared to analyst estimates of $182.94 million. Cadre had a net margin of 5.80% and a return on equity of 12.39%. The firm’s revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.32 EPS. On average, analysts anticipate that Cadre Holdings, Inc. will post 1.34 EPS for the current fiscal year.

Cadre Announces Dividend

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

Cadre 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.