Cadre (NYSE:CDRE) Shares Down 3.9% – Should You Sell?

Cadre Holdings, Inc. (NYSE:CDRE)’s share price traded down 3.9% during trading on Tuesday . The stock traded as low as $31.92 and last traded at $31.7840. Approximately 106,535 shares were traded during trading, a decline of 71% from the average session volume of 366,135 shares. The stock had previously closed at $33.08.

Analyst Ratings Changes

A number of brokerages have commented on CDRE. Zacks Research upgraded shares of Cadre from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 4th. Wall Street Zen raised shares of Cadre from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. JPMorgan Chase & Co. boosted their price target on shares of Cadre from $40.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Roth Capital restated a “buy” rating and issued a $43.00 price objective (up from $40.00) on shares of Cadre in a research report on Monday, August 10th. Finally, UBS Group set a $43.00 price objective on Cadre in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Cadre Stock Down 3.3%

The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.35 and a current ratio of 2.14. The company has a market capitalization of $1.37 billion, a PE ratio of 37.65, a price-to-earnings-growth ratio of 1.13 and a beta of 1.32. The firm’s 50-day simple moving average is $30.57 and its 200 day simple moving average is $32.89.

Cadre (NYSE:CDRE) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. The business had revenue of $207.13 million during the quarter, compared to the consensus estimate of $178.29 million. Cadre had a net margin of 5.26% and a return on equity of 12.02%. As a group, equities research analysts forecast that Cadre Holdings, Inc. will post 1.35 earnings per share for the current year.

Cadre Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. Cadre’s dividend payout ratio (DPR) is 47.06%.

Insider Activity at Cadre

In other 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 transaction of $1,371,500.00. Following the sale, the chief executive officer owned 9,617,039 shares of the company’s stock, valued at $263,795,379.77. The trade was a 0.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 175,000 shares of company stock worth $5,091,500. 30.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Cadre

Several hedge funds and other institutional investors have recently bought and sold shares of the company. KBC Group NV acquired a new stake in Cadre in the first quarter valued at $41,000. Assetmark Inc. boosted its position in shares of Cadre by 34.6% in the 1st quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock worth $58,000 after buying an additional 483 shares in the last quarter. Danske Bank A S boosted its position in shares of Cadre by 400.0% in the 4th quarter. Danske Bank A S now owns 1,500 shares of the company’s stock worth $61,000 after buying an additional 1,200 shares in the last quarter. State of Wyoming acquired a new stake in Cadre in the 2nd quarter valued at about $61,000. Finally, Tower Research Capital LLC TRC grew its stake in Cadre by 110.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,283 shares of the company’s stock valued at $136,000 after acquiring an additional 2,246 shares during the last quarter. 43.95% of the stock is owned by institutional investors and hedge funds.

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.