Cadre Holdings, Inc. (NYSE:CDRE – Get Free Report) CEO Warren Kanders sold 100,000 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $33.36, for a total value of $3,336,000.00. Following the completion of the sale, the chief executive officer directly owned 9,517,039 shares of the company’s stock, valued at approximately $317,488,421.04. This trade represents a 1.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Cadre Stock Performance
Shares of CDRE stock opened at $30.81 on Friday. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 36.25, a P/E/G ratio of 1.04 and a beta of 1.32. 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 2.14, a quick ratio of 1.35 and a debt-to-equity ratio of 1.02. The stock’s fifty day simple moving average is $30.80 and its 200-day simple moving average is $32.67.
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, topping the consensus estimate of $0.22 by $0.04. Cadre had a return on equity of 12.02% and a net margin of 5.26%.The firm had revenue of $207.13 million during the quarter, compared to the consensus estimate of $178.29 million. On average, sell-side analysts predict that Cadre Holdings, Inc. will post 1.33 earnings per share for the current fiscal year.
Cadre Announces Dividend
Analysts Set New Price Targets
A number of research analysts recently commented on the stock. DA Davidson boosted their price objective on shares of Cadre from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. JPMorgan Chase & Co. increased their target price on shares of Cadre from $40.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Wall Street Zen raised shares of Cadre from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Roth Capital restated a “buy” rating and set a $43.00 price target (up from $40.00) on shares of Cadre in a report on Monday, August 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadre in a research note on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.
View Our Latest Stock Report on CDRE
Institutional Investors Weigh In On Cadre
Several institutional investors have recently made changes to their positions in CDRE. KBC Group NV acquired a new position in Cadre in the first quarter worth approximately $41,000. Assetmark Inc. raised its position in Cadre by 34.6% during the first quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock valued at $58,000 after acquiring an additional 483 shares in the last quarter. Danske Bank A S lifted its stake 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 acquiring an additional 1,200 shares during the last quarter. State of Wyoming acquired a new stake in Cadre in the second quarter valued at approximately $61,000. Finally, Tower Research Capital LLC TRC grew its position in Cadre by 110.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,283 shares of the company’s stock worth $136,000 after acquiring an additional 2,246 shares in the last quarter. 43.95% of the stock is currently owned by institutional investors and hedge funds.
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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