Reinhart Partners LLC. Acquires 500,476 Shares of Cadre Holdings, Inc. $CDRE

Reinhart Partners LLC. boosted its holdings in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 22.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,738,373 shares of the company’s stock after buying an additional 500,476 shares during the quarter. Cadre makes up about 1.8% of Reinhart Partners LLC.’s investment portfolio, making the stock its 29th largest holding. Reinhart Partners LLC. owned approximately 6.40% of Cadre worth $78,071,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE raised its position in Cadre by 3.0% in the first quarter. Bank of America Corp DE now owns 562,778 shares of the company’s stock worth $17,266,000 after acquiring an additional 16,538 shares during the period. Royal Bank of Canada grew its position in shares of Cadre by 234.4% during the 1st quarter. Royal Bank of Canada now owns 8,557 shares of the company’s stock valued at $262,000 after acquiring an additional 5,998 shares during the period. Quantinno Capital Management LP grew its position in shares of Cadre by 39.4% during the 1st quarter. Quantinno Capital Management LP now owns 13,508 shares of the company’s stock valued at $414,000 after acquiring an additional 3,820 shares during the period. Renaissance Technologies LLC increased its stake in shares of Cadre by 6.0% in the 1st quarter. Renaissance Technologies LLC now owns 167,200 shares of the company’s stock worth $5,130,000 after purchasing an additional 9,400 shares in the last quarter. Finally, Gabelli Funds LLC increased its stake in shares of Cadre by 15.6% in the 1st quarter. Gabelli Funds LLC now owns 14,667 shares of the company’s stock worth $450,000 after purchasing an additional 1,980 shares in the last quarter. 43.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CDRE shares. Zacks Research upgraded Cadre from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 4th. JPMorgan Chase & Co. upped their price target on Cadre from $40.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday. Roth Capital reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Cadre in a research note on Wednesday, May 13th. Wall Street Zen raised Cadre from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings lowered shares of Cadre from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.80.

Cadre Trading Down 5.8%

Shares of Cadre stock opened at $32.98 on Friday. Cadre Holdings, Inc. has a fifty-two week low of $25.73 and a fifty-two week high of $48.76. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.33 and a current ratio of 2.14. The company has a market capitalization of $1.41 billion, a P/E ratio of 38.80 and a beta of 1.32. The company has a fifty day moving average of $29.78 and a 200 day moving average of $33.60.

Cadre (NYSE:CDRE) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. Cadre had a return on equity of 12.02% and a net margin of 5.26%.The business had revenue of $207.13 million for the quarter, compared to analysts’ expectations of $178.29 million. On average, sell-side analysts anticipate that Cadre Holdings, Inc. will post 1.47 earnings per share for the current fiscal year.

Cadre Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, July 31st. Cadre’s dividend payout ratio (DPR) is 44.94%.

Insider Transactions at Cadre

In related news, CEO Warren B. Kanders sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $27.43, for a total value of $1,371,500.00. Following the transaction, the chief executive officer directly owned 9,617,039 shares of the company’s stock, valued at approximately $263,795,379.77. The trade was a 0.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 175,000 shares of company stock worth $5,091,500. 30.10% of the stock is currently owned by company insiders.

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.