Cadre (NYSE:CDRE) Issues Quarterly Earnings Results

Cadre (NYSE:CDRE) posted its quarterly earnings results on Monday. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04), FiscalAI reports. The firm had revenue of $155.43 million during the quarter, compared to the consensus estimate of $155.31 million. Cadre had a return on equity of 13.50% and a net margin of 7.23%.

Cadre Price Performance

NYSE CDRE traded up $1.52 on Monday, reaching $31.37. The company had a trading volume of 662,990 shares, compared to its average volume of 339,739. The stock has a market capitalization of $1.34 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 1.05 and a beta of 1.32. Cadre has a 12 month low of $27.32 and a 12 month high of $48.76. The company has a quick ratio of 2.54, a current ratio of 3.50 and a debt-to-equity ratio of 0.92. The firm’s 50 day moving average price is $33.88 and its 200 day moving average price is $39.33.

Cadre Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, May 1st. Cadre’s payout ratio is currently 37.38%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Zacks Research cut shares of Cadre from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Roth Mkm increased their price target on Cadre from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Weiss Ratings cut Cadre from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Wall Street Zen downgraded Cadre from a “strong-buy” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Cadre in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Cadre has an average rating of “Hold” and a consensus price target of $43.00.

Insider Buying and Selling at Cadre

In other news, CEO Warren B. Kanders sold 100,000 shares of the firm’s 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 completion of the transaction, the chief executive officer owned 10,017,039 shares in the company, valued at $314,535,024.60. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 30.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Cadre

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its holdings in shares of Cadre by 5.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 18,132 shares of the company’s stock worth $578,000 after acquiring an additional 919 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Cadre by 14.1% in the third quarter. Natixis Advisors LLC now owns 14,858 shares of the company’s stock valued at $542,000 after purchasing an additional 1,840 shares in the last quarter. Gabelli Funds LLC increased its position in Cadre by 7.9% in the third quarter. Gabelli Funds LLC now owns 13,671 shares of the company’s stock worth $499,000 after purchasing an additional 1,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Cadre by 4.2% in the first 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. Finally, The Manufacturers Life Insurance Company raised its stake in Cadre by 3.2% during the second 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 in the last quarter. 43.95% of the stock is owned by institutional investors.

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.