Cadre Holdings, Inc. (NYSE:CDRE) Given Consensus Recommendation of “Hold” by Analysts

Shares of Cadre Holdings, Inc. (NYSE:CDRE) have received a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $39.75.

Several brokerages recently weighed in on CDRE. Zacks Research cut Cadre from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Wall Street Zen cut Cadre from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 14th. Lake Street Capital reiterated a “buy” rating and issued a $53.00 price objective on shares of Cadre in a report on Wednesday, February 4th. Roth Mkm reiterated a “buy” rating and issued a $40.00 price objective on shares of Cadre in a research report on Wednesday, May 13th. Finally, Jefferies Financial Group set a $40.00 target price on Cadre in a research note on Wednesday, May 13th.

Insider Activity at Cadre

In other news, CEO Warren B. Kanders sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $31.40, for a total value of $3,140,000.00. Following the completion of the transaction, the chief executive officer owned 10,017,039 shares in the company, valued at $314,535,024.60. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 30.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CDRE. Integrated Wealth Concepts LLC purchased a new stake in shares of Cadre during the first quarter valued at $230,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Cadre by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,451 shares of the company’s stock worth $458,000 after buying an additional 628 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Cadre by 24,275.0% during the 1st quarter. Jones Financial Companies Lllp now owns 4,875 shares of the company’s stock valued at $144,000 after acquiring an additional 4,855 shares during the period. Goldman Sachs Group Inc. lifted its stake in Cadre by 9.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 372,211 shares of the company’s stock valued at $11,021,000 after acquiring an additional 31,123 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of Cadre by 98.5% during the 1st quarter. Jane Street Group LLC now owns 48,052 shares of the company’s stock valued at $1,423,000 after acquiring an additional 23,844 shares during the last quarter. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Cadre Price Performance

Shares of NYSE CDRE opened at $31.19 on Friday. The firm has a market capitalization of $1.33 billion, a P/E ratio of 35.04, a P/E/G ratio of 1.06 and a beta of 1.32. 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’s 50-day simple moving average is $30.82 and its two-hundred day simple moving average is $37.96. Cadre has a twelve month low of $25.73 and a twelve month high of $48.76.

Cadre (NYSE:CDRE) last announced its quarterly earnings data on Tuesday, March 10th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.20). The firm had revenue of $167.22 million for the quarter, compared to the consensus estimate of $182.94 million. Cadre had a net margin of 5.80% and a return on equity of 12.39%. Cadre’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.32 earnings per share. As a group, equities analysts anticipate that Cadre will post 1.34 EPS for the current fiscal year.

Cadre Dividend Announcement

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

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.