GW&K Investment Management LLC Sells 131,084 Shares of Cadre Holdings, Inc. $CDRE

GW&K Investment Management LLC decreased its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 14.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 776,289 shares of the company’s stock after selling 131,084 shares during the quarter. GW&K Investment Management LLC owned about 1.91% of Cadre worth $28,342,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Reinhart Partners LLC. bought a new position in Cadre during the third quarter worth $70,205,000. Ophir Asset Management Pty Ltd bought a new stake in Cadre in the second quarter valued at $21,872,000. Vanguard Group Inc. raised its holdings in shares of Cadre by 15.2% during the third quarter. Vanguard Group Inc. now owns 1,697,642 shares of the company’s stock valued at $61,981,000 after purchasing an additional 224,218 shares during the period. Greenhouse Funds LLLP raised its holdings in shares of Cadre by 8.4% during the second quarter. Greenhouse Funds LLLP now owns 2,743,265 shares of the company’s stock valued at $87,373,000 after purchasing an additional 213,298 shares during the period. Finally, Qube Research & Technologies Ltd boosted its position in shares of Cadre by 458.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 156,952 shares of the company’s stock worth $4,999,000 after purchasing an additional 128,823 shares in the last quarter. Institutional investors own 43.95% of the company’s stock.

Cadre Price Performance

CDRE stock opened at $44.99 on Friday. 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 business has a 50-day simple moving average of $42.49 and a two-hundred day simple moving average of $39.88. The company has a market capitalization of $1.83 billion, a P/E ratio of 40.17, a price-to-earnings-growth ratio of 1.53 and a beta of 1.34. Cadre Holdings, Inc. has a 52-week low of $27.07 and a 52-week high of $48.76.

Cadre Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, January 30th. This is an increase from Cadre’s previous quarterly dividend of $0.10. Cadre’s payout ratio is currently 35.71%.

Analyst Ratings Changes

A number of analysts recently commented on CDRE shares. Zacks Research raised Cadre from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. CJS Securities upgraded Cadre to a “strong-buy” rating in a report on Thursday, December 11th. Roth Mkm raised their price objective on Cadre from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. B. Riley Financial reaffirmed a “buy” rating on shares of Cadre in a research report on Thursday, November 6th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Cadre in a report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average 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.