Cadre (NYSE:CDRE) Stock Price Down 3.9% – Should You Sell?

Shares of Cadre Holdings, Inc. (NYSE:CDRE) traded down 3.9% during trading on Tuesday . The stock traded as low as $31.92 and last traded at $31.7840. 106,535 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 366,135 shares. The stock had previously closed at $33.08.

Analyst Ratings Changes

CDRE has been the subject of a number of analyst reports. Wall Street Zen raised Cadre from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Roth Capital reaffirmed a “buy” rating and set a $43.00 price objective (up from $40.00) on shares of Cadre in a research note on Monday, August 10th. Zacks Research upgraded Cadre from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Cadre in a research note on Monday, August 17th. Finally, DA Davidson upped their target price on shares of Cadre from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Cadre currently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

Cadre Price Performance

The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 37.65, a P/E/G ratio of 1.13 and a beta of 1.32. The company has a fifty day simple moving average of $30.57 and a two-hundred day simple moving average of $32.89. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.35 and a current ratio of 2.14.

Cadre (NYSE:CDRE) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. The business had revenue of $207.13 million for the quarter, compared to analysts’ expectations of $178.29 million. Cadre had a return on equity of 12.02% and a net margin of 5.26%. As a group, research analysts anticipate that Cadre Holdings, Inc. will post 1.35 earnings per share for the current year.

Cadre Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, July 31st. Cadre’s dividend payout ratio (DPR) is presently 47.06%.

Insider Activity at Cadre

In other news, CEO Warren B. Kanders sold 100,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $30.03, for a total transaction of $3,003,000.00. Following the completion of the transaction, the chief executive officer owned 9,817,039 shares of the company’s stock, valued at $294,805,681.17. This represents a 1.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders have sold 175,000 shares of company stock worth $5,091,500. Corporate insiders own 30.10% of the company’s stock.

Institutional Investors Weigh In On Cadre

Institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its position in Cadre by 3.2% during 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. Assetmark Inc. increased its stake in Cadre by 34.6% during the 1st quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock worth $58,000 after buying an additional 483 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Cadre by 4.2% during 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 during the last quarter. Mariner LLC raised its stake in shares of Cadre by 6.1% in the 3rd quarter. Mariner LLC now owns 11,174 shares of the company’s stock valued at $408,000 after purchasing an additional 643 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in Cadre by 3.2% in the second quarter. Sei Investments Co. now owns 21,040 shares of the company’s stock valued at $670,000 after buying an additional 651 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.