Vanguard Group Inc. Sells 26,440 Shares of Cadre Holdings, Inc. $CDRE

Vanguard Group Inc. trimmed its stake in Cadre Holdings, Inc. (NYSE:CDRE) by 1.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,671,202 shares of the company’s stock after selling 26,440 shares during the period. Vanguard Group Inc.’s holdings in Cadre were worth $68,252,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp raised its stake in shares of Cadre by 585.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock valued at $35,000 after acquiring an additional 832 shares in the last quarter. Huntington National Bank raised its stake in shares of Cadre by 33.9% in the 3rd quarter. Huntington National Bank now owns 1,285 shares of the company’s stock valued at $47,000 after acquiring an additional 325 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Cadre in the 3rd quarter valued at approximately $74,000. LRI Investments LLC bought a new position in shares of Cadre in the 3rd quarter valued at approximately $104,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Cadre by 110.3% in the 2nd 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 in the last quarter. 43.95% of the stock is owned by institutional investors.

Cadre Price Performance

Shares of NYSE:CDRE opened at $30.54 on Friday. Cadre Holdings, Inc. has a 1-year low of $25.73 and a 1-year high of $48.76. The firm has a market capitalization of $1.31 billion, a PE ratio of 34.31, a PEG ratio of 1.10 and a beta of 1.32. The business’s 50 day moving average is $32.48 and its 200-day moving average is $38.92. The company has a current ratio of 2.26, a quick ratio of 2.54 and a debt-to-equity ratio of 1.04.

Cadre (NYSE:CDRE) last announced 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 company 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 11.67%. Cadre’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 EPS. Sell-side analysts predict that Cadre Holdings, Inc. will post 1.27 earnings per share for the current year.

Cadre Dividend Announcement

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

Analyst Upgrades and Downgrades

CDRE has been the topic of several recent analyst reports. Zacks Research downgraded Cadre from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Weiss Ratings downgraded Cadre from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Lake Street Capital reaffirmed a “buy” rating and issued a $53.00 price target on shares of Cadre in a research report on Wednesday, February 4th. Jefferies Financial Group set a $40.00 price target on Cadre in a research report on Wednesday. Finally, Wall Street Zen downgraded Cadre from a “strong-buy” rating to a “hold” rating in a research report on Saturday, March 14th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Cadre presently has a consensus rating of “Hold” and an average price target of $39.75.

Insider Buying and Selling

In related news, CEO Warren B. Kanders sold 100,000 shares of the business’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $31.93, for a total value of $3,193,000.00. Following the sale, the chief executive officer owned 9,917,039 shares of the company’s stock, valued at $316,651,055.27. The trade was a 1.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 30.10% of the stock is currently owned by corporate 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.