Cadre Holdings, Inc. (NYSE:CDRE) Given Consensus Recommendation of “Hold” by Analysts

Shares of Cadre Holdings, Inc. (NYSE:CDRE) have been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $39.75.

Several equities research analysts recently commented on the company. Jefferies Financial Group set a $40.00 price objective on Cadre in a report on Wednesday, May 13th. Lake Street Capital reiterated a “buy” rating and issued a $53.00 price objective on shares of Cadre in a report on Wednesday, February 4th. Roth Mkm reiterated a “buy” rating and issued a $40.00 price objective on shares of Cadre in a report on Wednesday, May 13th. Weiss Ratings cut Cadre from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Finally, Wall Street Zen cut Cadre from a “strong-buy” rating to a “hold” rating in a research report on Saturday, March 14th.

Insider Transactions at Cadre

In other news, CEO Warren B. Kanders sold 100,000 shares of Cadre stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $31.40, for a total transaction of $3,140,000.00. Following the transaction, the chief executive officer directly owned 10,017,039 shares of the company’s stock, valued at $314,535,024.60. The trade was a 0.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 30.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Rafferty Asset Management LLC lifted its holdings in 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% during the 3rd quarter. Huntington National Bank now owns 1,285 shares of the company’s stock worth $47,000 after acquiring an additional 325 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Cadre by 3.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,991 shares of the company’s stock valued at $446,000 after purchasing an additional 438 shares during the last quarter. Assetmark Inc. raised its holdings in Cadre by 34.6% during the 1st quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock valued at $58,000 after buying an additional 483 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 valued at $458,000 after buying an additional 628 shares during the period. 43.95% of the stock is owned by hedge funds and other institutional investors.

Cadre Price Performance

CDRE opened at $30.74 on Friday. The stock has a fifty day simple moving average of $30.86 and a two-hundred day simple moving average of $38.08. The company has a current ratio of 2.26, a quick ratio of 1.33 and a debt-to-equity ratio of 1.04. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 34.54, a price-to-earnings-growth ratio of 1.04 and a beta of 1.32. Cadre has a 12-month low of $25.73 and a 12-month high of $48.76.

Cadre (NYSE:CDRE) last issued its quarterly 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 net margin of 5.80% and a return on equity of 12.39%. The company had revenue of $167.22 million for the quarter, compared to the consensus estimate of $182.94 million. During the same quarter in the previous year, the business earned $0.32 earnings per share. Cadre’s revenue was down 4.9% compared to the same quarter last year. Research analysts predict that Cadre will post 1.34 earnings per share for the current fiscal year.

Cadre Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, May 1st. Cadre’s dividend payout ratio (DPR) is presently 44.94%.

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.