Deprince Race & Zollo Inc. Grows Stock Holdings in Cadre Holdings, Inc. $CDRE

Deprince Race & Zollo Inc. raised its holdings in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 79.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 159,862 shares of the company’s stock after buying an additional 70,974 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in Cadre were worth $4,905,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Huntington National Bank increased its holdings in shares of Cadre by 33.9% in the 3rd quarter. Huntington National Bank now owns 1,285 shares of the company’s stock worth $47,000 after buying an additional 325 shares during the last quarter. Danske Bank A S lifted its holdings in shares of Cadre by 400.0% in the 4th quarter. Danske Bank A S now owns 1,500 shares of the company’s stock valued at $61,000 after acquiring an additional 1,200 shares during the last quarter. State of Wyoming bought a new position in shares of Cadre in the 4th quarter valued at about $65,000. Tower Research Capital LLC TRC grew its position in Cadre by 110.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,283 shares of the company’s stock worth $136,000 after acquiring an additional 2,246 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its position in Cadre by 34.4% in the second quarter. Canada Pension Plan Investment Board now owns 4,300 shares of the company’s stock worth $137,000 after acquiring an additional 1,100 shares in the last quarter. 43.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CDRE has been the topic of several analyst reports. Jefferies Financial Group set a $40.00 price objective on Cadre in a research note on Wednesday, May 13th. Wall Street Zen cut Cadre from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 14th. Roth Mkm reissued a “buy” rating and set a $40.00 target price on shares of Cadre in a research report on Wednesday, May 13th. Zacks Research upgraded Cadre from a “strong sell” rating to a “hold” rating in a report on Thursday, June 4th. Finally, Weiss Ratings downgraded Cadre from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.75.

Cadre Stock Performance

Cadre stock opened at $29.44 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.26 and a quick ratio of 1.33. The firm has a market capitalization of $1.26 billion, a P/E ratio of 33.07 and a beta of 1.33. Cadre Holdings, Inc. has a 1-year low of $25.73 and a 1-year high of $48.76. The company’s 50-day moving average is $29.56 and its 200 day moving average is $35.67.

Cadre Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, May 1st. Cadre’s dividend payout ratio is presently 44.94%.

Insider Buying and Selling at Cadre

In related news, CEO Warren B. Kanders sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $27.43, for a total transaction of $1,371,500.00. Following the completion of the sale, the chief executive officer directly owned 9,617,039 shares of the company’s stock, valued at approximately $263,795,379.77. This trade represents a 0.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 175,000 shares of company stock valued at $5,091,500 in the last quarter. Corporate insiders own 30.10% 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.