WCM Investment Management LLC Purchases 48,020 Shares of Cadre Holdings, Inc. $CDRE

WCM Investment Management LLC lifted its position in Cadre Holdings, Inc. (NYSE:CDRE) by 9.1% in the 3rd quarter, Holdings Channel reports. The fund owned 578,564 shares of the company’s stock after acquiring an additional 48,020 shares during the quarter. WCM Investment Management LLC’s holdings in Cadre were worth $20,961,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Huntington National Bank grew its stake in Cadre by 48.4% in the second quarter. Huntington National Bank now owns 960 shares of the company’s stock worth $31,000 after purchasing an additional 313 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in shares of Cadre by 14.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,908 shares of the company’s stock valued at $93,000 after buying an additional 357 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Cadre by 43.1% during the 2nd quarter. Assetmark Inc. now owns 1,395 shares of the company’s stock valued at $44,000 after buying an additional 420 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Cadre by 3.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,991 shares of the company’s stock worth $446,000 after buying an additional 438 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Cadre by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,451 shares of the company’s stock worth $458,000 after acquiring an additional 628 shares in the last quarter. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Cadre Stock Performance

CDRE stock opened at $40.63 on Tuesday. The stock’s 50 day simple moving average is $42.32 and its 200 day simple moving average is $38.20. The company has a current ratio of 3.64, a quick ratio of 2.58 and a debt-to-equity ratio of 0.87. Cadre Holdings, Inc. has a 12-month low of $27.07 and a 12-month high of $46.64. The stock has a market capitalization of $1.65 billion, a PE ratio of 36.27, a price-to-earnings-growth ratio of 1.31 and a beta of 1.36.

Cadre (NYSE:CDRE) last posted its earnings results on Tuesday, November 4th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The business had revenue of $155.87 million during the quarter, compared to analyst estimates of $158.96 million. Cadre had a return on equity of 13.94% and a net margin of 7.33%.The company’s quarterly revenue was up 42.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 EPS. As a group, research analysts forecast that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, January 30th. This is a positive change from Cadre’s previous quarterly dividend of $0.10. Cadre’s dividend payout ratio is 35.71%.

Insiders Place Their Bets

In other Cadre news, CEO Warren B. Kanders sold 1,257,038 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $39.00, for a total transaction of $49,024,482.00. Following the transaction, the chief executive officer owned 1,546 shares in the company, valued at approximately $60,294. This represents a 99.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 31.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CDRE shares. B. Riley reaffirmed a “buy” rating on shares of Cadre in a research note on Thursday, November 6th. Wall Street Zen downgraded Cadre from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. Roth Mkm reaffirmed a “buy” rating and set a $44.00 price objective on shares of Cadre in a research report on Friday, October 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Cadre in a report on Monday, December 29th. Finally, CJS Securities raised Cadre to a “strong-buy” rating in a research note on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.67.

Cadre 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.