WCM Investment Management LLC Has $6.97 Million Stake in Cadre Holdings, Inc. $CDRE

WCM Investment Management LLC reduced its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 36.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 237,158 shares of the company’s stock after selling 134,361 shares during the period. WCM Investment Management LLC’s holdings in Cadre were worth $6,970,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. KBC Group NV bought a new position in shares of Cadre in the first quarter valued at approximately $41,000. Assetmark Inc. boosted its position in shares of Cadre by 34.6% during the first quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock valued at $58,000 after buying an additional 483 shares during the last quarter. Danske Bank A S grew its holdings in Cadre by 400.0% during the fourth 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 bought a new stake in Cadre during the fourth quarter worth $65,000. Finally, Tower Research Capital LLC TRC raised its position 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 buying an additional 2,246 shares during the last quarter. 43.95% of the stock is owned by hedge funds and other institutional investors.

Cadre Stock Performance

Shares of CDRE opened at $29.23 on Tuesday. The company has a current ratio of 2.26, a quick ratio of 1.33 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 32.84 and a beta of 1.33. The stock has a 50 day moving average of $29.45 and a 200 day moving average of $34.61. Cadre Holdings, Inc. has a 12 month low of $25.73 and a 12 month high of $48.76.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Roth Capital restated a “buy” rating and set a $40.00 price objective on shares of Cadre in a research note on Wednesday, May 13th. Jefferies Financial Group set a $40.00 target price on shares of Cadre in a report on Wednesday, May 13th. Zacks Research raised shares of Cadre from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 4th. Finally, Weiss Ratings cut shares of Cadre from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Cadre has a consensus rating of “Moderate Buy” and a consensus price target of $39.75.

Insiders Place Their Bets

In other Cadre news, CEO Warren B. Kanders sold 100,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $30.03, for a total value of $3,003,000.00. Following the completion of the transaction, the chief executive officer owned 9,817,039 shares in the company, valued at $294,805,681.17. This represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 175,000 shares of company stock valued at $5,091,500 over the last 90 days. 30.10% of the stock is currently owned by 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.