Cadre Holdings, Inc. (NYSE:CDRE) Receives Average Recommendation of “Moderate Buy” from Analysts

Cadre Holdings, Inc. (NYSE:CDRE) has been given an average rating of “Moderate Buy” by the seven analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $39.75.

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group set a $40.00 target price on shares of Cadre in a research note on Wednesday, May 13th. Roth Capital restated a “buy” rating and issued a $40.00 price target on shares of Cadre in a research report on Wednesday, May 13th. Wall Street Zen downgraded Cadre from a “strong-buy” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings cut Cadre from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Finally, Zacks Research upgraded Cadre from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 4th.

Insider Transactions at Cadre

In other Cadre news, CEO Warren B. Kanders sold 100,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $30.03, for a total value of $3,003,000.00. Following the transaction, the chief executive officer directly owned 9,817,039 shares of the company’s stock, valued at approximately $294,805,681.17. The trade was a 1.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 175,000 shares of company stock valued at $5,091,500. Insiders own 30.10% of the company’s stock.

Institutional Trading of Cadre

Several hedge funds and other institutional investors have recently made changes to their positions in CDRE. KBC Group NV acquired a new position in shares of Cadre during the first quarter worth about $41,000. Danske Bank A S lifted its position in Cadre by 400.0% in the fourth quarter. Danske Bank A S now owns 1,500 shares of the company’s stock valued at $61,000 after purchasing an additional 1,200 shares during the period. State of Wyoming acquired a new stake in Cadre in the fourth quarter valued at about $65,000. Assetmark Inc. boosted its holdings in Cadre by 34.6% in the 1st quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock valued at $58,000 after purchasing an additional 483 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Cadre by 110.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,283 shares of the company’s stock valued at $136,000 after purchasing an additional 2,246 shares in the last quarter. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Cadre Stock Performance

Cadre stock traded down $0.55 during midday trading on Friday, hitting $29.01. 244,236 shares of the company’s stock were exchanged, compared to its average volume of 448,163. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.33 and a current ratio of 2.26. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 32.60 and a beta of 1.33. Cadre has a 12-month low of $25.73 and a 12-month high of $48.76. The firm’s 50 day simple moving average is $29.60 and its 200 day simple moving average is $35.21.

Cadre Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $0.40 annualized dividend and a dividend yield of 1.4%. Cadre’s dividend payout ratio (DPR) is currently 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.