Harbor Capital Advisors Inc. Buys Shares of 48,622 Cadre Holdings, Inc. $CDRE

Harbor Capital Advisors Inc. purchased a new position in shares of Cadre Holdings, Inc. (NYSE:CDRE) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 48,622 shares of the company’s stock, valued at approximately $1,775,000. Harbor Capital Advisors Inc. owned 0.12% of Cadre at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. ARS Investment Partners LLC bought a new position in Cadre during the 3rd quarter worth $473,000. Squarepoint Ops LLC boosted its holdings in shares of Cadre by 101.4% during the second quarter. Squarepoint Ops LLC now owns 49,043 shares of the company’s stock valued at $1,562,000 after acquiring an additional 24,697 shares during the period. Caxton Associates LLP bought a new position in shares of Cadre during the second quarter worth about $291,000. Tower Research Capital LLC TRC increased its holdings in shares of Cadre by 110.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,283 shares of the company’s stock worth $136,000 after acquiring an additional 2,246 shares during the period. Finally, Select Equity Group L.P. lifted its position in Cadre by 8.5% in the 2nd quarter. Select Equity Group L.P. now owns 485,365 shares of the company’s stock valued at $15,459,000 after purchasing an additional 38,028 shares during the last quarter. Institutional investors own 43.95% of the company’s stock.

Insider Activity

In related news, CEO Warren B. Kanders sold 86,903 shares of the company’s stock in a transaction on 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 31.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

Cadre Stock Performance

Shares of NYSE CDRE opened at $42.38 on Friday. Cadre Holdings, Inc. has a 1 year low of $27.07 and a 1 year high of $46.64. The firm has a market cap of $1.72 billion, a P/E ratio of 37.84, a PEG ratio of 1.58 and a beta of 1.36. The stock has a fifty day moving average price of $42.38 and a two-hundred day moving average price of $36.43. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.58 and a current ratio of 3.64.

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

Cadre Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were paid a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, October 31st. This represents a $0.38 dividend on an annualized basis and a yield of 0.9%. Cadre’s dividend payout ratio is currently 33.93%.

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.