Vanguard Group Inc. Purchases 224,218 Shares of Cadre Holdings, Inc. $CDRE

Vanguard Group Inc. increased its position in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 15.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,697,642 shares of the company’s stock after buying an additional 224,218 shares during the quarter. Vanguard Group Inc. owned about 4.17% of Cadre worth $61,981,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Huntington National Bank increased its holdings in shares of Cadre by 48.4% during the second quarter. Huntington National Bank now owns 960 shares of the company’s stock valued at $31,000 after acquiring an additional 313 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Cadre by 585.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock worth $35,000 after purchasing an additional 832 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Cadre by 43.1% in the 2nd quarter. Assetmark Inc. now owns 1,395 shares of the company’s stock worth $44,000 after purchasing an additional 420 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in Cadre in the 3rd quarter valued at $74,000. Finally, Ameritas Investment Partners Inc. increased its stake in Cadre by 14.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,908 shares of the company’s stock valued at $93,000 after purchasing an additional 357 shares in the last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

Cadre Price Performance

Shares of NYSE:CDRE opened at $43.57 on Friday. The company has a current ratio of 3.64, a quick ratio of 2.58 and a debt-to-equity ratio of 0.87. The stock has a market cap of $1.77 billion, a PE ratio of 38.90, a price-to-earnings-growth ratio of 1.52 and a beta of 1.34. The stock’s fifty day simple moving average is $42.52 and its two-hundred day simple moving average is $39.97. Cadre Holdings, Inc. has a 1-year low of $27.07 and a 1-year high of $48.76.

Cadre Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, January 30th. This is an increase from Cadre’s previous quarterly dividend of $0.10. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.9%. Cadre’s payout ratio is 35.71%.

Analysts Set New Price Targets

Several research firms have weighed in on CDRE. Weiss Ratings restated a “buy (b-)” rating on shares of Cadre in a report on Monday, December 29th. Roth Mkm boosted their target price on shares of Cadre from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Zacks Research lowered shares of Cadre from a “strong-buy” rating to a “hold” rating in a report on Wednesday. CJS Securities raised shares of Cadre to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Wall Street Zen upgraded Cadre from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.00.

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.