Fred Alger Management LLC Increases Holdings in Cadre Holdings, Inc. $CDRE

Fred Alger Management LLC raised its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 46.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 623,730 shares of the company’s stock after buying an additional 198,750 shares during the quarter. Fred Alger Management LLC’s holdings in Cadre were worth $25,473,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Rafferty Asset Management LLC raised its stake in Cadre by 3.8% during the third quarter. Rafferty Asset Management LLC now owns 7,003 shares of the company’s stock valued at $256,000 after buying an additional 259 shares during the last quarter. Huntington National Bank raised its stake in Cadre by 33.9% during the third quarter. Huntington National Bank now owns 1,285 shares of the company’s stock valued at $47,000 after buying an additional 325 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Cadre by 3.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,991 shares of the company’s stock worth $446,000 after purchasing an additional 438 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 worth $458,000 after purchasing an additional 628 shares in the last quarter. Finally, Mariner LLC increased its holdings in shares of Cadre by 6.1% in the 3rd quarter. Mariner LLC now owns 11,174 shares of the company’s stock worth $408,000 after purchasing an additional 643 shares in the last quarter. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Cadre Stock Down 1.0%

Cadre stock opened at $28.81 on Wednesday. The company has a current ratio of 2.26, a quick ratio of 1.33 and a debt-to-equity ratio of 1.04. Cadre Holdings, Inc. has a 12 month low of $25.73 and a 12 month high of $48.76. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 32.37 and a beta of 1.32. The stock has a fifty day simple moving average of $30.46 and a two-hundred day simple moving average of $36.92.

Cadre Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $0.40 annualized dividend and a dividend yield of 1.4%. Cadre’s payout ratio is presently 44.94%.

Insider Activity at Cadre

In related news, CEO Warren B. Kanders sold 100,000 shares of Cadre stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $31.93, for a total value of $3,193,000.00. Following the completion of the sale, the chief executive officer owned 9,917,039 shares of the company’s stock, valued at $316,651,055.27. The trade was a 1.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 30.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CDRE has been the subject of a number of research analyst reports. Wall Street Zen lowered Cadre from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings lowered Cadre from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Zacks Research raised Cadre from a “strong sell” rating to a “hold” rating in a report on Thursday, June 4th. Roth Mkm reissued a “buy” rating and issued a $40.00 target price on shares of Cadre in a report on Wednesday, May 13th. Finally, Jefferies Financial Group set a $40.00 target price on Cadre in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $39.75.

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.