Cadre Holdings, Inc. $CDRE Stock Holdings Increased by Brown Advisory Inc.

Brown Advisory Inc. increased its holdings in Cadre Holdings, Inc. (NYSE:CDRE) by 3.7% during the fourth quarter, Holdings Channel reports. The firm owned 574,594 shares of the company’s stock after purchasing an additional 20,767 shares during the period. Brown Advisory Inc.’s holdings in Cadre were worth $23,466,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Rafferty Asset Management LLC raised its holdings in shares of Cadre by 3.8% in the 3rd quarter. Rafferty Asset Management LLC now owns 7,003 shares of the company’s stock worth $256,000 after purchasing an additional 259 shares in the last quarter. Huntington National Bank raised its holdings in shares of Cadre by 33.9% in the 3rd quarter. Huntington National Bank now owns 1,285 shares of the company’s stock worth $47,000 after purchasing an additional 325 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Cadre by 3.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,991 shares of the company’s stock worth $446,000 after purchasing an additional 438 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Cadre by 4.2% in the 1st 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 in the last quarter. Finally, Mariner LLC raised its holdings in shares of Cadre by 6.1% in the 3rd quarter. Mariner LLC now owns 11,174 shares of the company’s stock worth $408,000 after purchasing an additional 643 shares in the last quarter. 43.95% of the stock is currently owned by institutional investors.

Cadre Trading Down 4.5%

NYSE CDRE opened at $29.08 on Tuesday. The company has a current ratio of 2.26, a quick ratio of 1.33 and a debt-to-equity ratio of 1.04. Cadre Holdings, Inc. has a 1-year low of $25.73 and a 1-year high of $48.76. The firm’s fifty day simple moving average is $30.54 and its 200-day simple moving average is $37.02. The company has a market capitalization of $1.24 billion, a PE ratio of 32.67 and a beta of 1.32.

Cadre Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued 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 was Friday, May 1st. Cadre’s dividend payout ratio (DPR) is currently 44.94%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CDRE. Jefferies Financial Group set a $40.00 price target on shares of Cadre in a report on Wednesday, May 13th. Wall Street Zen lowered shares of Cadre from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 14th. Roth Mkm restated a “buy” rating and set a $40.00 price target 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 report on Wednesday, May 20th. Finally, Zacks Research upgraded shares of Cadre from a “strong sell” rating to a “hold” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.75.

Insider Activity

In related news, CEO Warren B. Kanders sold 100,000 shares of the stock in a transaction on Monday, March 23rd. The stock was 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 approximately $316,651,055.27. This trade represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 30.10% 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.