Cadre Holdings, Inc. (NYSE:CDRE) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Cadre Holdings, Inc. (NYSE:CDREGet Free Report) have received an average rating of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $39.80.

Several equities research analysts have recently weighed in on CDRE shares. Weiss Ratings cut Cadre from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Jefferies Financial Group set a $40.00 target price on shares of Cadre in a research note on Wednesday, May 13th. Roth Capital reissued a “buy” rating and issued a $40.00 price target on shares of Cadre in a report on Wednesday, May 13th. JPMorgan Chase & Co. assumed coverage on shares of Cadre in a research report on Monday, July 27th. They issued an “overweight” rating and a $40.00 price target on the stock. Finally, Zacks Research upgraded shares of Cadre from a “strong sell” rating to a “hold” rating in a report on Thursday, June 4th.

View Our Latest Stock Analysis on CDRE

Cadre Trading Up 0.4%

Cadre stock opened at $31.05 on Thursday. Cadre has a 52 week low of $25.73 and a 52 week high of $48.76. 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 firm has a market capitalization of $1.33 billion, a PE ratio of 34.89 and a beta of 1.32. The business’s 50-day simple moving average is $29.68 and its 200-day simple moving average is $33.67.

Cadre (NYSE:CDREGet Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.04. The firm had revenue of $207.13 million during the quarter, compared to the consensus estimate of $178.29 million. Cadre had a return on equity of 12.39% and a net margin of 5.80%. Equities research analysts forecast that Cadre will post 1.47 earnings per share for the current year.

Cadre Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. Cadre’s dividend payout ratio (DPR) is 44.94%.

Insider Transactions at Cadre

In related news, CEO Warren B. Kanders sold 100,000 shares of the business’s stock in a transaction dated 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 $294,805,681.17. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 175,000 shares of company stock worth $5,091,500 in the last 90 days. Insiders own 30.10% of the company’s stock.

Institutional Trading of Cadre

Several institutional investors have recently modified their holdings of the company. GW&K Investment Management LLC grew its stake in shares of Cadre by 6.3% in the 4th quarter. GW&K Investment Management LLC now owns 824,927 shares of the company’s stock valued at $33,690,000 after purchasing an additional 48,638 shares during the period. Principal Financial Group Inc. bought a new stake in Cadre in the first quarter valued at $1,202,000. Reinhart Partners LLC. raised its stake in Cadre by 12.9% during the fourth quarter. Reinhart Partners LLC. now owns 2,170,349 shares of the company’s stock worth $88,638,000 after acquiring an additional 247,458 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Cadre by 92.6% during the first quarter. First Trust Advisors LP now owns 223,898 shares of the company’s stock valued at $6,869,000 after acquiring an additional 107,647 shares during the period. Finally, Corbyn Investment Management Inc. MD boosted its stake in shares of Cadre by 102.3% in the 1st quarter. Corbyn Investment Management Inc. MD now owns 99,144 shares of the company’s stock valued at $3,042,000 after purchasing an additional 50,143 shares in the last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

Cadre Company Profile

(Get Free Report)

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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Analyst Recommendations for Cadre (NYSE:CDRE)

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