12,955 Shares in Cadre Holdings, Inc. $CDRE Bought by ARS Investment Partners LLC

ARS Investment Partners LLC acquired a new position in shares of Cadre Holdings, Inc. (NYSE:CDRE) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 12,955 shares of the company’s stock, valued at approximately $473,000.

Several other hedge funds also recently added to or reduced their stakes in CDRE. Huntington National Bank lifted its stake in Cadre by 48.4% in the second quarter. Huntington National Bank now owns 960 shares of the company’s stock valued at $31,000 after buying an additional 313 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in Cadre by 14.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,908 shares of the company’s stock valued at $93,000 after acquiring an additional 357 shares during the period. Assetmark Inc. increased its holdings in shares of Cadre by 43.1% in the second quarter. Assetmark Inc. now owns 1,395 shares of the company’s stock valued at $44,000 after purchasing an additional 420 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Cadre by 3.2% during the second 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 during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Cadre by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,451 shares of the company’s stock valued at $458,000 after buying an additional 628 shares during the last quarter. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on CDRE shares. B. Riley reiterated a “buy” rating on shares of Cadre in a research report on Thursday, November 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Cadre in a report on Monday. Wall Street Zen upgraded shares of Cadre from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 20th. Lake Street Capital upped their target price on Cadre from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Finally, Roth Capital reissued a “buy” rating and issued a $44.00 target price on shares of Cadre in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.67.

Cadre Stock Up 0.2%

Shares of NYSE CDRE opened at $42.38 on Thursday. The company has a market cap of $1.72 billion, a P/E ratio of 37.84, a P/E/G ratio of 1.57 and a beta of 1.36. The company has a current ratio of 3.64, a quick ratio of 2.58 and a debt-to-equity ratio of 0.87. Cadre Holdings, Inc. has a 12-month low of $27.07 and a 12-month high of $46.64. The stock has a fifty day moving average price of $42.35 and a 200 day moving average price of $36.39.

Cadre (NYSE:CDRE) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The company had revenue of $155.87 million for the quarter, compared to analyst estimates of $158.96 million. Cadre had a net margin of 7.33% and a return on equity of 13.94%. The business’s quarterly revenue was up 42.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 earnings per share. Research analysts anticipate that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were paid a dividend of $0.095 per share. The ex-dividend date was Friday, October 31st. This represents a $0.38 annualized dividend and a dividend yield of 0.9%. Cadre’s dividend payout ratio (DPR) is currently 33.93%.

Insider Activity

In other news, CEO Warren B. Kanders sold 86,903 shares of Cadre stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $39.00, for a total transaction of $3,389,217.00. Following the sale, the chief executive officer directly owned 10,129,289 shares of the company’s stock, valued at approximately $395,042,271. The trade was a 0.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 31.50% of the company’s stock.

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.