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

Shares of Cadre Holdings, Inc. (NYSE:CDRE) have been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $39.75.

A number of equities analysts have issued reports on CDRE shares. Roth Mkm reaffirmed a “buy” rating and set a $40.00 price objective on shares of Cadre in a report on Wednesday, May 13th. Wall Street Zen downgraded shares of Cadre from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings downgraded shares of Cadre from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday. Lake Street Capital reiterated a “buy” rating and issued a $53.00 target price on shares of Cadre in a report on Wednesday, February 4th. Finally, Jefferies Financial Group set a $40.00 target price on shares of Cadre in a report on Wednesday, May 13th.

Cadre Stock Performance

CDRE opened at $30.36 on Friday. 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’s fifty day moving average price is $30.94 and its two-hundred day moving average price is $38.39. Cadre has a 1-year low of $25.73 and a 1-year high of $48.76. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 34.11, a PEG ratio of 0.99 and a beta of 1.32.

Cadre (NYSE:CDRE) last released its quarterly earnings data on Tuesday, March 10th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.20). Cadre had a return on equity of 12.39% and a net margin of 5.80%.The business had revenue of $167.22 million for the quarter, compared to analyst estimates of $182.94 million. During the same quarter in the previous year, the company posted $0.32 EPS. The business’s quarterly revenue was down 4.9% on a year-over-year basis. On average, analysts expect that Cadre will post 1.34 EPS for the current fiscal year.

Cadre Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were issued a $0.10 dividend. The ex-dividend date was Friday, May 1st. This represents a $0.40 annualized dividend and a dividend yield of 1.3%. Cadre’s dividend payout ratio is currently 44.94%.

Insider Activity at Cadre

In other news, CEO Warren B. Kanders sold 100,000 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $31.93, for a total value of $3,193,000.00. Following the completion of the sale, the chief executive officer owned 9,917,039 shares in the company, valued at $316,651,055.27. This represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 30.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Cadre

Several institutional investors and hedge funds have recently made changes to their positions in the company. Greenhouse Funds LLLP grew its position in Cadre by 1.7% during the third quarter. Greenhouse Funds LLLP now owns 2,789,410 shares of the company’s stock valued at $101,841,000 after buying an additional 46,145 shares during the period. Vanguard Group Inc. grew its position in Cadre by 15.2% during the third quarter. Vanguard Group Inc. now owns 1,697,642 shares of the company’s stock valued at $61,981,000 after buying an additional 224,218 shares during the period. WCM Investment Management LLC grew its position in Cadre by 9.1% during the third quarter. WCM Investment Management LLC now owns 578,564 shares of the company’s stock valued at $20,961,000 after buying an additional 48,020 shares during the period. Capital Research Global Investors grew its position in Cadre by 30.6% during the third quarter. Capital Research Global Investors now owns 930,318 shares of the company’s stock valued at $33,966,000 after buying an additional 217,864 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in Cadre by 91.3% during the third quarter. Envestnet Asset Management Inc. now owns 46,750 shares of the company’s stock valued at $1,707,000 after buying an additional 22,315 shares during the period. Hedge funds and other institutional investors own 43.95% of the company’s stock.

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.