Capital Research Global Investors Sells 86,835 Shares of Cadre Holdings, Inc. $CDRE

Capital Research Global Investors lessened its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 9.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 843,483 shares of the company’s stock after selling 86,835 shares during the period. Capital Research Global Investors’ holdings in Cadre were worth $34,448,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its stake in shares of Cadre by 585.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock worth $35,000 after acquiring an additional 832 shares in the last quarter. Huntington National Bank lifted its position in shares of Cadre by 33.9% during the 3rd quarter. Huntington National Bank now owns 1,285 shares of the company’s stock worth $47,000 after purchasing an additional 325 shares during the last quarter. Danske Bank A S lifted its position in shares of Cadre by 400.0% during the 4th quarter. Danske Bank A S now owns 1,500 shares of the company’s stock worth $61,000 after purchasing an additional 1,200 shares during the last quarter. State of Wyoming acquired a new position in shares of Cadre during the 4th quarter worth about $65,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Cadre by 110.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,283 shares of the company’s stock worth $136,000 after purchasing an additional 2,246 shares during the last quarter. Institutional investors own 43.95% of the company’s stock.

Cadre Trading Up 0.3%

Cadre stock opened at $30.26 on Wednesday. The business has a 50 day moving average price of $30.63 and a two-hundred day moving average price of $37.33. The company has a quick ratio of 1.33, a current ratio of 2.26 and a debt-to-equity ratio of 1.04. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 34.00, a price-to-earnings-growth ratio of 1.01 and a beta of 1.32. Cadre Holdings, Inc. has a 12 month low of $25.73 and a 12 month high of $48.76.

Cadre (NYSE:CDRE) last posted its quarterly earnings results on Tuesday, March 10th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.20). The firm had revenue of $167.22 million during the quarter, compared to analyst estimates of $182.94 million. Cadre had a net margin of 5.80% and a return on equity of 12.39%. The company’s revenue was down 4.9% on a year-over-year basis. During the same period last year, the company earned $0.32 EPS. As a group, equities analysts forecast that Cadre Holdings, Inc. will post 1.34 EPS for the current year.

Cadre Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Roth Mkm reissued a “buy” rating and set a $40.00 price objective on shares of Cadre in a research report on Wednesday, May 13th. Weiss Ratings cut Cadre from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Wall Street Zen cut Cadre from a “strong-buy” rating to a “hold” rating in a research report on Saturday, March 14th. Zacks Research raised Cadre from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 4th. Finally, Jefferies Financial Group set a $40.00 price objective on Cadre in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.75.

Insider Buying and Selling

In other Cadre news, CEO Warren B. Kanders sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $31.40, for a total value of $3,140,000.00. Following the completion of the transaction, the chief executive officer owned 10,017,039 shares of the company’s stock, valued at $314,535,024.60. This represents a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 30.10% of the stock is currently owned by company insiders.

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.