Commerce Bank Acquires New Stake in Cadre Holdings, Inc. $CDRE

Commerce Bank bought a new position in shares of Cadre Holdings, Inc. (NYSE:CDRE) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 17,341 shares of the company’s stock, valued at approximately $494,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. KBC Group NV bought a new stake in shares of Cadre in the 1st quarter valued at about $41,000. Danske Bank A S raised its position in shares of Cadre by 400.0% during the fourth quarter. Danske Bank A S now owns 1,500 shares of the company’s stock worth $61,000 after acquiring an additional 1,200 shares during the last quarter. State of Wyoming bought a new position in shares of Cadre during the fourth quarter worth about $65,000. Assetmark Inc. lifted its stake in shares of Cadre by 34.6% in the first quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock worth $58,000 after acquiring an additional 483 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in Cadre by 110.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,283 shares of the company’s stock valued at $136,000 after acquiring an additional 2,246 shares during the last quarter. 43.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CDRE has been the subject of several analyst reports. 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. Wall Street Zen upgraded shares of Cadre from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings restated a “hold (c)” rating on shares of Cadre in a report on Monday, August 17th. JPMorgan Chase & Co. upped their price target on shares of Cadre from $40.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Finally, DA Davidson increased their price target on Cadre from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Insider Transactions at Cadre

In other Cadre news, CEO Warren B. Kanders sold 100,000 shares of the business’s 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 completion of the sale, the chief executive officer directly owned 9,817,039 shares of the company’s stock, valued at approximately $294,805,681.17. The trade was a 1.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 275,000 shares of company stock worth $8,427,500. 30.10% of the stock is currently owned by insiders.

Cadre Stock Performance

NYSE CDRE opened at $31.18 on Friday. The company has a market cap of $1.33 billion, a P/E ratio of 36.68, a PEG ratio of 1.06 and a beta of 1.32. The company has a fifty day simple moving average of $30.75 and a 200 day simple moving average of $32.68. The company has a current ratio of 2.14, a quick ratio of 1.35 and a debt-to-equity ratio of 1.02. Cadre Holdings, Inc. has a 12-month low of $25.73 and a 12-month high of $48.76.

Cadre (NYSE:CDRE) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. The firm had revenue of $207.13 million for the quarter, compared to analyst estimates of $178.29 million. Cadre had a net margin of 5.26% and a return on equity of 12.02%. Sell-side analysts predict that Cadre Holdings, Inc. will post 1.33 earnings per share for the current fiscal year.

Cadre Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.40 annualized dividend and a yield of 1.3%. Cadre’s dividend payout ratio (DPR) is presently 47.06%.

Cadre Company Profile

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.