Short Interest in Cadre Holdings, Inc. (NYSE:CDRE) Declines By 12.9%

Cadre Holdings, Inc. (NYSE:CDRE) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 1,816,732 shares, a decrease of 12.9% from the December 31st total of 2,086,876 shares. Based on an average trading volume of 254,484 shares, the short-interest ratio is presently 7.1 days. Approximately 6.5% of the shares of the company are short sold. Approximately 6.5% of the shares of the company are short sold. Based on an average trading volume of 254,484 shares, the short-interest ratio is presently 7.1 days.

Analyst Ratings Changes

Several research firms recently commented on CDRE. CJS Securities raised shares of Cadre to a “strong-buy” rating in a report on Thursday, December 11th. Wall Street Zen downgraded Cadre from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. Lake Street Capital raised their price target on Cadre from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Cadre in a research note on Monday, December 29th. Finally, Roth Mkm reissued a “buy” rating and set a $44.00 price objective on shares of Cadre in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.67.

Cadre Trading Up 1.5%

Shares of CDRE stock opened at $40.63 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.58 and a current ratio of 3.64. Cadre has a 52-week low of $27.07 and a 52-week high of $46.64. The company has a market capitalization of $1.65 billion, a PE ratio of 36.27, a price-to-earnings-growth ratio of 1.31 and a beta of 1.36. The business’s fifty day moving average is $42.32 and its 200 day moving average is $38.20.

Cadre (NYSE:CDRE) last posted its earnings results on Tuesday, November 4th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. The business had revenue of $155.87 million during the quarter, compared to analysts’ expectations of $158.96 million. Cadre had a return on equity of 13.94% and a net margin of 7.33%.The firm’s revenue was up 42.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.09 earnings per share. On average, equities research analysts anticipate that Cadre will post 1.05 EPS for the current fiscal year.

Cadre Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.0%. This is a positive change from Cadre’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, January 30th. Cadre’s dividend payout ratio (DPR) is currently 35.71%.

Insider Activity

In other news, CEO Warren B. Kanders sold 86,903 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $39.00, for a total transaction of $3,389,217.00. Following the completion of the sale, the chief executive officer owned 10,129,289 shares in the company, valued at $395,042,271. This trade represents a 0.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 31.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cadre

Several hedge funds have recently bought and sold shares of CDRE. Huntington National Bank grew its stake in Cadre by 48.4% in the 2nd quarter. Huntington National Bank now owns 960 shares of the company’s stock worth $31,000 after buying an additional 313 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Cadre by 585.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock worth $35,000 after acquiring an additional 832 shares during the last quarter. Assetmark Inc. grew its position in Cadre by 43.1% in the second quarter. Assetmark Inc. now owns 1,395 shares of the company’s stock worth $44,000 after acquiring an additional 420 shares in the last quarter. Danske Bank A S increased its stake in Cadre by 400.0% in the fourth quarter. Danske Bank A S now owns 1,500 shares of the company’s stock valued at $61,000 after acquiring an additional 1,200 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in Cadre during the third quarter valued at about $74,000. 43.95% of the stock is currently owned by institutional investors.

About Cadre

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.