Caxton Associates LLP Makes New Investment in Cadre Holdings, Inc. $CDRE

Caxton Associates LLP acquired a new stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,688 shares of the company’s stock, valued at approximately $543,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. boosted its stake in shares of Cadre by 181.7% in the first quarter. Sei Investments Co. now owns 107,856 shares of the company’s stock worth $3,309,000 after buying an additional 69,562 shares during the last quarter. State of Wyoming boosted its stake in shares of Cadre by 134.0% in the first quarter. State of Wyoming now owns 3,730 shares of the company’s stock worth $114,000 after acquiring an additional 2,136 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Cadre by 31.7% during the first quarter. Cetera Investment Advisers now owns 25,141 shares of the company’s stock worth $771,000 after buying an additional 6,055 shares in the last quarter. First Trust Advisors LP raised its holdings in Cadre by 92.6% in the 1st quarter. First Trust Advisors LP now owns 223,898 shares of the company’s stock valued at $6,869,000 after acquiring an additional 107,647 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Cadre by 23.4% during the first quarter. PNC Financial Services Group Inc. now owns 5,881 shares of the company’s stock worth $180,000 after buying an additional 1,117 shares during the last quarter. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Insider Buying and Selling

In other news, CEO Warren B. Kanders sold 100,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $30.03, for a total transaction of $3,003,000.00. Following the completion of the transaction, the chief executive officer directly owned 9,817,039 shares in the company, valued at approximately $294,805,681.17. This represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 175,000 shares of company stock valued at $5,091,500. Insiders own 30.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CDRE shares. Jefferies Financial Group set a $40.00 price objective on Cadre in a report on Wednesday, May 13th. JPMorgan Chase & Co. began coverage on shares of Cadre in a research note on Monday. They issued an “overweight” rating and a $40.00 price target for the company. Roth Capital restated a “buy” rating and set a $40.00 target price on shares of Cadre in a research note on Wednesday, May 13th. Weiss Ratings downgraded Cadre from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Finally, Zacks Research upgraded shares of Cadre from a “strong sell” rating to a “hold” rating in a report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.80.

Cadre Stock Performance

NYSE:CDRE opened at $32.82 on Tuesday. Cadre Holdings, Inc. has a twelve month low of $25.73 and a twelve month high of $48.76. 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 firm has a 50-day moving average price of $29.53 and a two-hundred day moving average price of $34.23. The company has a market capitalization of $1.40 billion, a P/E ratio of 36.88 and a beta of 1.33.

Cadre Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, July 31st. Cadre’s payout ratio is presently 44.94%.

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.