Cadre Holdings, Inc. $CDRE Shares Sold by Old West Investment Management LLC

Old West Investment Management LLC reduced its holdings in Cadre Holdings, Inc. (NYSE:CDRE) by 59.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,779 shares of the company’s stock after selling 111,332 shares during the period. Old West Investment Management LLC’s holdings in Cadre were worth $2,767,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Huntington National Bank raised its stake in Cadre by 48.4% in the 2nd quarter. Huntington National Bank now owns 960 shares of the company’s stock valued at $31,000 after purchasing an additional 313 shares during the last quarter. Jones Financial Companies Lllp raised its position in 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 purchasing an additional 832 shares in the last quarter. Assetmark Inc. increased its position in shares of Cadre by 43.1% in the 2nd quarter. Assetmark Inc. now owns 1,395 shares of the company’s stock valued at $44,000 after purchasing an additional 420 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Cadre in the third quarter valued at approximately $74,000. Finally, LRI Investments LLC acquired a new position in Cadre in the third quarter valued at $104,000. 43.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cadre

In related news, CEO Warren B. Kanders sold 1,257,038 shares of Cadre stock in a transaction on Monday, November 17th. The stock was sold at an average price of $39.00, for a total value 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 trade represents a 99.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 31.50% of the company’s stock.

Cadre Trading Up 3.2%

NYSE CDRE opened at $41.63 on Friday. The company has a market cap of $1.69 billion, a P/E ratio of 37.17, a P/E/G ratio of 1.36 and a beta of 1.36. Cadre Holdings, Inc. has a 12 month low of $27.07 and a 12 month high of $46.64. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.64 and a quick ratio of 2.58. The company has a 50-day moving average of $42.20 and a 200-day moving average of $38.37.

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

Cadre Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 30th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend 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 payout ratio is currently 35.71%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CDRE shares. B. Riley Financial reiterated a “buy” rating on shares of Cadre in a research report on Thursday, November 6th. Lake Street Capital reissued a “buy” rating and set a $53.00 target price on shares of Cadre in a research note on Wednesday. Wall Street Zen raised Cadre from a “buy” rating to a “strong-buy” rating in a report on Saturday. CJS Securities upgraded shares of Cadre to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Zacks Research raised Cadre from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $43.00.

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.