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

Vanguard Group Inc. increased its holdings in Cadre Holdings, Inc. (NYSE:CDRE) by 15.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,697,642 shares of the company’s stock after acquiring an additional 224,218 shares during the period. Vanguard Group Inc.’s holdings in Cadre were worth $61,981,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Reinhart Partners LLC. bought a new stake in Cadre during the third quarter worth $70,205,000. Harbor Capital Advisors Inc. bought a new position in Cadre in the 3rd quarter valued at $1,775,000. WCM Investment Management LLC increased its position in shares of Cadre by 9.1% during the 3rd quarter. WCM Investment Management LLC now owns 578,564 shares of the company’s stock valued at $20,961,000 after purchasing an additional 48,020 shares during the last quarter. Advantage Alpha Capital Partners LP purchased a new stake in shares of Cadre during the 2nd quarter valued at $3,731,000. Finally, Greenhouse Funds LLLP raised its stake in shares of Cadre by 8.4% during the 2nd quarter. Greenhouse Funds LLLP now owns 2,743,265 shares of the company’s stock worth $87,373,000 after purchasing an additional 213,298 shares during the period. 43.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. CJS Securities raised shares of Cadre to a “strong-buy” rating in a report on Thursday, December 11th. Zacks Research downgraded shares of Cadre from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Wall Street Zen upgraded shares of Cadre from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Lake Street Capital reissued a “buy” rating and set a $53.00 target price on shares of Cadre in a research report on Wednesday, February 4th. Finally, Roth Mkm raised their price target on shares of Cadre from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Cadre Stock Down 3.2%

Shares of NYSE CDRE opened at $43.57 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.64 and a quick ratio of 2.58. The stock has a market capitalization of $1.77 billion, a PE ratio of 38.90, a P/E/G ratio of 1.52 and a beta of 1.34. Cadre Holdings, Inc. has a one year low of $27.07 and a one year high of $48.76. The business’s fifty day moving average price is $42.52 and its 200-day moving average price is $39.97.

Cadre Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.9%. This is a boost from Cadre’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, January 30th. Cadre’s payout ratio is currently 35.71%.

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.