SG Americas Securities LLC Raises Stock Holdings in Cadre Holdings, Inc. $CDRE

SG Americas Securities LLC lifted its holdings in Cadre Holdings, Inc. (NYSE:CDRE) by 344.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,316 shares of the company’s stock after buying an additional 21,944 shares during the quarter. SG Americas Securities LLC’s holdings in Cadre were worth $1,156,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CDRE. Jones Financial Companies Lllp raised its holdings in shares of Cadre by 585.9% in the third quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock worth $35,000 after buying an additional 832 shares during the period. Huntington National Bank raised its holdings in shares of Cadre by 33.9% in the third quarter. Huntington National Bank now owns 1,285 shares of the company’s stock worth $47,000 after buying an additional 325 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of Cadre in the third quarter worth approximately $74,000. LRI Investments LLC purchased a new stake in shares of Cadre in the third quarter worth approximately $104,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Cadre by 110.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,283 shares of the company’s stock worth $136,000 after buying an additional 2,246 shares during the period. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

Cadre Trading Up 5.4%

Shares of NYSE:CDRE opened at $32.87 on Thursday. Cadre Holdings, Inc. has a 12-month low of $27.95 and a 12-month high of $48.76. The business’s fifty day simple moving average is $38.13 and its 200-day simple moving average is $40.26. The company has a current ratio of 3.50, a quick ratio of 2.54 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $1.40 billion, a PE ratio of 30.72, a P/E/G ratio of 1.20 and a beta of 1.48.

Cadre (NYSE:CDRE) last announced its earnings results on Tuesday, March 10th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.20). Cadre had a return on equity of 13.50% and a net margin of 7.23%.The business had revenue of $167.22 million for the quarter, compared to analysts’ expectations of $182.94 million. During the same quarter last year, the firm earned $0.32 earnings per share. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. As a group, equities research analysts predict that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were paid a dividend of $0.10 per share. This is a positive change from Cadre’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, January 30th. This represents a $0.40 annualized dividend and a yield of 1.2%. Cadre’s dividend payout ratio (DPR) is presently 37.38%.

Analyst Ratings Changes

CDRE has been the topic of several recent analyst reports. Zacks Research downgraded Cadre from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Roth Mkm raised their price objective on Cadre from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Lake Street Capital restated a “buy” rating and set a $53.00 price objective on shares of Cadre in a report on Wednesday, February 4th. CJS Securities upgraded Cadre to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Cadre in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $43.00.

Insiders Place Their Bets

In other Cadre news, CEO Warren B. Kanders sold 100,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer owned 9,917,039 shares in the company, valued at approximately $316,651,055.27. The trade was a 1.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 31.50% of the company’s stock.

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.