Cadre Holdings, Inc. (CDRE) to Issue Quarterly Dividend of $0.10 on February 13th

Cadre Holdings, Inc. (NYSE:CDRE) announced a quarterly dividend on Tuesday, January 20th. Stockholders of record on Friday, January 30th will be paid a dividend of 0.10 per share on Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, January 30th. This is a 5.3% increase from Cadre’s previous quarterly dividend of $0.10.

Cadre has a payout ratio of 26.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Cadre to earn $1.36 per share next year, which means the company should continue to be able to cover its $0.38 annual dividend with an expected future payout ratio of 27.9%.

Cadre Stock Up 5.4%

Shares of CDRE stock opened at $44.65 on Thursday. Cadre has a fifty-two week low of $27.07 and a fifty-two week high of $46.64. The firm has a market capitalization of $1.82 billion, a PE ratio of 39.87, a P/E/G ratio of 1.39 and a beta of 1.36. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.58 and a current ratio of 3.64. The stock’s 50-day simple moving average is $42.25 and its 200-day simple moving average is $37.65.

Cadre (NYSE:CDRE) last released 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. Cadre had a return on equity of 13.94% and a net margin of 7.33%.The firm had revenue of $155.87 million during the quarter, compared to the consensus estimate of $158.96 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue was up 42.5% compared to the same quarter last year. Equities analysts expect that Cadre will post 1.05 earnings per share for the current year.

Insider Buying and Selling at Cadre

In related news, CEO Warren B. Kanders sold 86,903 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $39.00, for a total transaction of $3,389,217.00. Following the completion of the sale, the chief executive officer owned 10,129,289 shares in the company, valued at $395,042,271. The trade was a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 31.50% of the company’s stock.

Institutional Investors Weigh In On Cadre

Institutional investors and hedge funds have recently made changes to their positions in the business. Rafferty Asset Management LLC lifted its position in shares of Cadre by 3.8% during the 3rd quarter. Rafferty Asset Management LLC now owns 7,003 shares of the company’s stock valued at $256,000 after acquiring an additional 259 shares during the period. Huntington National Bank grew its holdings in shares of Cadre by 48.4% in the 2nd quarter. Huntington National Bank now owns 960 shares of the company’s stock worth $31,000 after acquiring an additional 313 shares during the period. Ameritas Investment Partners Inc. increased its stake in Cadre by 14.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,908 shares of the company’s stock valued at $93,000 after purchasing an additional 357 shares in the last quarter. Assetmark Inc. raised its holdings in Cadre by 43.1% during the second quarter. Assetmark Inc. now owns 1,395 shares of the company’s stock worth $44,000 after purchasing an additional 420 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Cadre by 3.2% during the second quarter. The Manufacturers Life Insurance Company now owns 13,991 shares of the company’s stock worth $446,000 after purchasing an additional 438 shares during the last quarter. 43.95% of the stock is owned by hedge funds and other institutional investors.

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.