Dimensional Fund Advisors LP increased its holdings in shares of Cadre Holdings, Inc. (NYSE:CDRE – Free Report) by 8.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 767,073 shares of the company’s stock after buying an additional 60,382 shares during the period. Dimensional Fund Advisors LP owned about 1.79% of Cadre worth $23,530,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC bought a new position in shares of Cadre during the first quarter valued at $230,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of 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. Jones Financial Companies Lllp grew its stake in shares of Cadre by 24,275.0% in the first quarter. Jones Financial Companies Lllp now owns 4,875 shares of the company’s stock worth $144,000 after purchasing an additional 4,855 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Cadre by 9.1% in the first quarter. Goldman Sachs Group Inc. now owns 372,211 shares of the company’s stock worth $11,021,000 after purchasing an additional 31,123 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in Cadre by 98.5% in the first quarter. Jane Street Group LLC now owns 48,052 shares of the company’s stock valued at $1,423,000 after purchasing an additional 23,844 shares during the period. 43.95% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on CDRE. Roth Capital reaffirmed a “buy” rating and set a $40.00 target price on shares of Cadre in a research report on Wednesday, May 13th. Weiss Ratings lowered Cadre from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. JPMorgan Chase & Co. began coverage on Cadre in a research note on Monday, July 27th. They issued an “overweight” rating and a $40.00 price target for the company. Jefferies Financial Group set a $40.00 price objective on Cadre in a research report on Wednesday, May 13th. Finally, Zacks Research upgraded Cadre from a “strong sell” rating to a “hold” rating in a report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cadre has an average rating of “Moderate Buy” and a consensus target price of $39.80.
Insider Transactions at Cadre
In other Cadre news, CEO Warren B. Kanders sold 100,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $30.03, for a total transaction of $3,003,000.00. Following the transaction, the chief executive officer directly owned 9,817,039 shares in the company, valued at approximately $294,805,681.17. This represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 175,000 shares of company stock valued at $5,091,500 over the last quarter. 30.10% of the stock is currently owned by insiders.
Key Stories Impacting Cadre
Here are the key news stories impacting Cadre this week:
- Positive Sentiment: Revenue significantly exceeded expectations. Cadre reported second-quarter revenue of $207.1 million, well above the roughly $178.3 million analyst estimate. Cadre quarterly earnings report
- Positive Sentiment: Full-year sales guidance was raised or positioned above consensus. Management forecast fiscal 2026 revenue of $749 million to $769 million, compared with the $736.9 million consensus estimate, signaling confidence in demand and the company’s execution. Cadre delivers strong second-quarter numbers
- Positive Sentiment: Reported earnings were above one commonly cited estimate. Adjusted earnings were $0.26 per share, exceeding the $0.22 consensus cited by MarketBeat. The earnings presentation and management commentary provided additional detail on the quarter and outlook. Cadre second-quarter earnings presentation
- Neutral Sentiment: Cadre was highlighted as a Russell 1000 mover. The designation helps explain the unusually heavy trading and investor attention, but it is not itself a change to the company’s fundamentals. Cadre among Russell 1000 movers
- Negative Sentiment: Results were mixed on an alternative earnings benchmark. Zacks reported that the $0.26 per-share result fell short of its $0.29 consensus and declined from $0.30 a year earlier. This may limit the positive reaction despite the strong revenue and guidance figures. Cadre earnings estimate report
Cadre Stock Performance
Shares of Cadre stock opened at $35.09 on Friday. The business has a 50-day moving average price of $29.74 and a two-hundred day moving average price of $33.61. Cadre Holdings, Inc. has a 1-year low of $25.73 and a 1-year high of $48.76. 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 $1.50 billion, a P/E ratio of 41.28 and a beta of 1.32.
Cadre (NYSE:CDRE – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. Cadre had a return on equity of 12.16% and a net margin of 5.26%.The company had revenue of $207.13 million for the quarter, compared to the consensus estimate of $178.29 million. As a group, analysts anticipate that Cadre Holdings, Inc. will post 1.47 EPS for the current year.
Cadre Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $0.40 annualized dividend and a yield of 1.1%. Cadre’s payout ratio is 44.94%.
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.
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