Cadre Holdings, Inc. (NYSE:CDRE) to Issue Quarterly Dividend of $0.10

Cadre Holdings, Inc. (NYSE:CDRE) declared a quarterly dividend on Tuesday, April 21st. Shareholders of record on Friday, May 1st will be given a dividend of 0.10 per share on Friday, May 15th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, May 1st.

Cadre has a dividend payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Cadre to earn $1.52 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 26.3%.

Cadre Trading Down 3.3%

NYSE:CDRE opened at $29.51 on Wednesday. The business’s 50-day moving average is $36.47 and its two-hundred day moving average is $40.02. The company has a debt-to-equity ratio of 0.92, a current ratio of 3.50 and a quick ratio of 2.54. Cadre has a 12 month low of $28.22 and a 12 month high of $48.76. The firm has a market capitalization of $1.26 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 1.12 and a beta of 1.48.

Cadre (NYSE:CDRE) last released its quarterly earnings data on Tuesday, March 10th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.20). Cadre had a net margin of 7.23% and a return on equity of 13.50%. The company had revenue of $167.22 million during the quarter, compared to analysts’ expectations of $182.94 million. During the same period last year, the business earned $0.32 earnings per share. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. Research analysts predict that Cadre will post 1.21 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Warren B. Kanders sold 100,000 shares of Cadre 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 directly owned 9,917,039 shares of the company’s stock, valued at approximately $316,651,055.27. The trade was a 1.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 31.50% of the company’s stock.

Institutional Trading of Cadre

Hedge funds and other institutional investors have recently modified their holdings of the business. Reinhart Partners LLC. acquired a new position in Cadre in the third quarter worth about $70,205,000. Jane Street Group LLC acquired a new position in Cadre in the fourth quarter worth about $22,875,000. Vanguard Group Inc. grew its stake in Cadre by 15.2% in the third quarter. Vanguard Group Inc. now owns 1,697,642 shares of the company’s stock worth $61,981,000 after purchasing an additional 224,218 shares in the last quarter. Capital Research Global Investors grew its stake in Cadre by 30.6% in the third quarter. Capital Research Global Investors now owns 930,318 shares of the company’s stock worth $33,966,000 after purchasing an additional 217,864 shares in the last quarter. Finally, Fred Alger Management LLC grew its stake in Cadre by 46.8% in the fourth quarter. Fred Alger Management LLC now owns 623,730 shares of the company’s stock worth $25,473,000 after purchasing an additional 198,750 shares in the last quarter. 43.95% of the stock is owned by hedge funds and other institutional investors.

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.