Sei Investments Co. Purchases 69,562 Shares of Cadre Holdings, Inc. $CDRE

Sei Investments Co. boosted its position in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 181.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,856 shares of the company’s stock after acquiring an additional 69,562 shares during the period. Sei Investments Co.’s holdings in Cadre were worth $3,309,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CDRE. KBC Group NV bought a new position in shares of Cadre in the first quarter worth about $41,000. Assetmark Inc. lifted its position in shares of Cadre by 34.6% during the 1st quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock worth $58,000 after purchasing an additional 483 shares during the last quarter. Danske Bank A S boosted its stake in Cadre by 400.0% during the 4th 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 period. State of Wyoming bought a new stake in Cadre during the 4th quarter valued at approximately $65,000. Finally, Tower Research Capital LLC TRC grew its holdings 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 institutional investors and hedge funds.

Cadre Stock Down 5.8%

Shares of NYSE CDRE opened at $32.98 on Friday. Cadre Holdings, Inc. has a 52-week low of $25.73 and a 52-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 business has a fifty day moving average of $29.78 and a two-hundred day moving average of $33.60. The stock has a market cap of $1.41 billion, a PE ratio of 38.80 and a beta of 1.32.

Cadre (NYSE:CDRE) last posted its earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.04. The business had revenue of $207.13 million for the quarter, compared to analyst estimates 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 expect that Cadre Holdings, Inc. will post 1.47 earnings per share for the current fiscal year.

Cadre Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders 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 is currently 44.94%.

Insiders Place Their Bets

In other news, CEO Warren B. Kanders sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $27.43, for a total transaction of $1,371,500.00. Following the completion of the sale, the chief executive officer owned 9,617,039 shares of the company’s stock, valued at approximately $263,795,379.77. This trade represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 175,000 shares of company stock worth $5,091,500 over the last quarter. 30.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CDRE shares. JPMorgan Chase & Co. upped their price target on Cadre from $40.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday. Weiss Ratings downgraded shares of Cadre from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Zacks Research raised shares of Cadre from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 4th. Roth Capital reiterated a “buy” rating and set a $40.00 target price on shares of Cadre in a research note on Wednesday, May 13th. Finally, Jefferies Financial Group set a $40.00 price target on shares of Cadre in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.80.

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.