Deprince Race & Zollo Inc. Purchases 30,370 Shares of Cadre Holdings, Inc. $CDRE

Deprince Race & Zollo Inc. increased its position in Cadre Holdings, Inc. (NYSE:CDRE) by 44.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,285 shares of the company’s stock after acquiring an additional 30,370 shares during the period. Deprince Race & Zollo Inc. owned about 0.24% of Cadre worth $3,588,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Huntington National Bank grew its stake in shares of Cadre by 48.4% during the 2nd quarter. Huntington National Bank now owns 960 shares of the company’s stock valued at $31,000 after purchasing an additional 313 shares during the period. Assetmark Inc. boosted 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 worth $44,000 after buying an additional 420 shares during the last quarter. Militia Capital Partners LP bought a new stake in Cadre during the first quarter valued at approximately $49,000. State of Wyoming purchased a new stake in Cadre during the first quarter valued at approximately $69,000. Finally, Ameritas Investment Partners Inc. raised its position in Cadre by 14.0% in the second quarter. Ameritas Investment Partners Inc. now owns 2,908 shares of the company’s stock worth $93,000 after acquiring an additional 357 shares during the period. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Insider Buying and Selling at Cadre

In related news, CEO Warren B. Kanders sold 1,257,038 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $39.00, for a total transaction of $49,024,482.00. Following the completion of the transaction, the chief executive officer directly owned 1,546 shares of the company’s stock, valued at approximately $60,294. This trade represents a 99.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 31.50% of the company’s stock.

Wall Street Analysts Forecast Growth

CDRE has been the subject of a number of recent research reports. Lake Street Capital boosted their price objective on shares of Cadre from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Wall Street Zen upgraded Cadre from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 20th. Roth Capital reaffirmed a “buy” rating and set a $44.00 price objective on shares of Cadre in a research report on Friday, October 10th. CJS Securities upgraded Cadre to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Cadre in a report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.67.

Cadre Stock Performance

NYSE CDRE opened at $41.92 on Monday. The company has a quick ratio of 2.58, a current ratio of 3.64 and a debt-to-equity ratio of 0.87. Cadre Holdings, Inc. has a twelve month low of $27.07 and a twelve month high of $46.64. The business has a 50-day moving average price of $42.40 and a 200-day moving average price of $36.49. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 37.43, a price-to-earnings-growth ratio of 1.56 and a beta of 1.36.

Cadre (NYSE:CDRE) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. Cadre had a return on equity of 13.94% and a net margin of 7.33%.The company had revenue of $155.87 million for the quarter, compared to analysts’ expectations of $158.96 million. During the same period in the previous year, the firm earned $0.09 EPS. The firm’s revenue was up 42.5% compared to the same quarter last year. As a group, equities research analysts predict that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were issued a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, October 31st. Cadre’s payout ratio is 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.