Envestnet Asset Management Inc. Boosts Stock Position in Cadre Holdings, Inc. $CDRE

Envestnet Asset Management Inc. raised its holdings in Cadre Holdings, Inc. (NYSE:CDRE) by 91.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,750 shares of the company’s stock after buying an additional 22,315 shares during the period. Envestnet Asset Management Inc. owned about 0.11% of Cadre worth $1,707,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CDRE. Huntington National Bank raised its position in shares of Cadre by 48.4% during the 2nd quarter. Huntington National Bank now owns 960 shares of the company’s stock worth $31,000 after acquiring an additional 313 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in Cadre by 14.0% during the second quarter. Ameritas Investment Partners Inc. now owns 2,908 shares of the company’s stock worth $93,000 after purchasing an additional 357 shares in the last quarter. Assetmark Inc. lifted its position in shares of Cadre by 43.1% during the 2nd quarter. Assetmark Inc. now owns 1,395 shares of the company’s stock worth $44,000 after buying an additional 420 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Cadre by 3.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,991 shares of the company’s stock worth $446,000 after buying an additional 438 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Cadre by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,451 shares of the company’s stock valued at $458,000 after buying an additional 628 shares in the last quarter. 43.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CDRE has been the subject of a number of research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Cadre in a research report on Monday, December 29th. Zacks Research upgraded Cadre from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. Wall Street Zen raised Cadre from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Roth Mkm raised their price target on Cadre from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Finally, CJS Securities raised Cadre to a “strong-buy” rating in a research report on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Cadre currently has an average rating of “Buy” and an average target price of $43.00.

Cadre Price Performance

Shares of CDRE opened at $44.40 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. Cadre Holdings, Inc. has a fifty-two week low of $27.07 and a fifty-two week high of $46.64. The firm has a 50-day simple moving average of $42.25 and a 200-day simple moving average of $39.50. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 39.64, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36.

Cadre Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.9%. This is a boost from Cadre’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, January 30th. Cadre’s dividend payout ratio (DPR) is currently 35.71%.

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.