Reinhart Partners LLC. Increases Stake in Cadre Holdings, Inc. $CDRE

Reinhart Partners LLC. boosted its position in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 12.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,170,349 shares of the company’s stock after purchasing an additional 247,458 shares during the period. Cadre makes up about 2.7% of Reinhart Partners LLC.’s holdings, making the stock its 18th biggest holding. Reinhart Partners LLC. owned approximately 0.05% of Cadre worth $88,638,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Natixis Advisors LLC grew its position in Cadre by 41.6% during the 4th quarter. Natixis Advisors LLC now owns 21,033 shares of the company’s stock valued at $859,000 after purchasing an additional 6,175 shares during the last quarter. Intech Investment Management LLC grew its position in Cadre by 6.3% during the 4th quarter. Intech Investment Management LLC now owns 11,122 shares of the company’s stock valued at $454,000 after purchasing an additional 656 shares during the last quarter. Geode Capital Management LLC grew its position in Cadre by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 670,294 shares of the company’s stock valued at $27,380,000 after purchasing an additional 3,726 shares during the last quarter. ProShare Advisors LLC purchased a new stake in Cadre during the 4th quarter valued at about $212,000. Finally, Truist Financial Corp grew its position in Cadre by 33.1% during the 4th quarter. Truist Financial Corp now owns 7,334 shares of the company’s stock valued at $300,000 after purchasing an additional 1,823 shares during the last quarter. 43.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on CDRE. Zacks Research cut shares of Cadre from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Weiss Ratings cut shares of Cadre from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Lake Street Capital restated a “buy” rating and set a $53.00 target price on shares of Cadre in a research note on Wednesday, February 4th. Wall Street Zen cut shares of Cadre from a “strong-buy” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Roth Mkm restated a “buy” rating and set a $40.00 target price on shares of Cadre in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $39.75.

Insider Transactions at Cadre

In related news, CEO Warren B. Kanders sold 100,000 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $31.93, for a total value of $3,193,000.00. Following the completion of the sale, the chief executive officer directly owned 9,917,039 shares of the company’s stock, valued at approximately $316,651,055.27. This represents a 1.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 30.10% of the company’s stock.

Cadre Price Performance

Shares of NYSE:CDRE opened at $30.23 on Wednesday. The firm’s 50 day moving average price is $30.79 and its 200-day moving average price is $37.83. Cadre Holdings, Inc. has a twelve month low of $25.73 and a twelve month high of $48.76. The company has a quick ratio of 1.33, a current ratio of 2.26 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $1.29 billion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 1.02 and a beta of 1.32.

Cadre (NYSE:CDRE) last issued its quarterly earnings data on Tuesday, March 10th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.20). Cadre had a return on equity of 12.39% and a net margin of 5.80%.The business had revenue of $167.22 million during the quarter, compared to the consensus estimate of $182.94 million. During the same quarter last year, the company earned $0.32 EPS. Cadre’s revenue for the quarter was down 4.9% on a year-over-year basis. Equities research analysts expect that Cadre Holdings, Inc. will post 1.34 EPS for the current year.

Cadre Dividend Announcement

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

Cadre 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.