Cadre Holdings, Inc. (NYSE:CDRE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Cadre Holdings, Inc. (NYSE:CDRE) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $43.00.

Several equities analysts have commented on the stock. Roth Mkm lifted their target price on shares of Cadre from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Wall Street Zen cut shares of Cadre from a “strong-buy” rating to a “hold” rating in a research report on Saturday, March 14th. Zacks Research cut shares of Cadre from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, Lake Street Capital reissued a “buy” rating and set a $53.00 target price on shares of Cadre in a research report on Wednesday, February 4th.

Insider Activity at Cadre

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

Hedge Funds Weigh In On Cadre

Several institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its stake in Cadre by 585.9% in the third quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock valued at $35,000 after purchasing an additional 832 shares during the last quarter. Huntington National Bank lifted its stake in Cadre by 33.9% in the third quarter. Huntington National Bank now owns 1,285 shares of the company’s stock valued at $47,000 after purchasing an additional 325 shares during the last quarter. Danske Bank A S lifted its stake in Cadre by 400.0% in the fourth quarter. Danske Bank A S now owns 1,500 shares of the company’s stock valued at $61,000 after purchasing an additional 1,200 shares during the last quarter. State of Wyoming purchased a new position in Cadre in the fourth quarter valued at approximately $65,000. Finally, State of Alaska Department of Revenue purchased a new position in Cadre in the third quarter valued at approximately $74,000. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Cadre Price Performance

Shares of NYSE CDRE opened at $29.46 on Tuesday. Cadre has a fifty-two week low of $27.32 and a fifty-two week high of $48.76. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 1.10 and a beta of 1.32. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.54 and a current ratio of 3.50. The firm’s 50-day simple moving average is $34.64 and its 200 day simple moving average is $39.55.

Cadre (NYSE:CDRE) last posted its earnings results on Tuesday, March 10th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.20). Cadre had a return on equity of 13.50% and a net margin of 7.23%.The firm had revenue of $167.22 million for the quarter, compared to the consensus estimate of $182.94 million. During the same period in the prior year, the business earned $0.32 EPS. Cadre’s quarterly revenue was down 4.9% compared to the same quarter last year. As a group, research analysts anticipate that Cadre will post 1.21 earnings per share for the current fiscal year.

Cadre Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 1st. This represents a $0.40 annualized dividend and a dividend yield of 1.4%. Cadre’s dividend payout ratio (DPR) is currently 37.38%.

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.