UBS Group AG Lowers Stock Position in Cadre Holdings, Inc. $CDRE

UBS Group AG cut its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 46.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 227,152 shares of the company’s stock after selling 193,738 shares during the period. UBS Group AG’s holdings in Cadre were worth $9,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Round Rock Advisors LLC purchased a new position in Cadre in the 4th quarter valued at $383,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Cadre by 94.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,097 shares of the company’s stock valued at $372,000 after buying an additional 4,429 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Cadre by 15.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 68,614 shares of the company’s stock valued at $2,802,000 after buying an additional 9,383 shares during the last quarter. SG Americas Securities LLC grew its position in Cadre by 344.4% in the 4th quarter. SG Americas Securities LLC now owns 28,316 shares of the company’s stock valued at $1,156,000 after buying an additional 21,944 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Cadre by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 250,023 shares of the company’s stock valued at $9,128,000 after buying an additional 3,092 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

A number of equities analysts recently weighed in on CDRE shares. Roth Mkm reiterated a “buy” rating and issued a $40.00 price objective on shares of Cadre in a research report on Wednesday. Zacks Research downgraded Cadre from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Jefferies Financial Group set a $40.00 target price on Cadre in a report on Wednesday. Wall Street Zen downgraded Cadre from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Weiss Ratings downgraded Cadre from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $39.75.

Insider Buying and Selling

In related news, CEO Warren B. Kanders sold 100,000 shares of Cadre stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $31.93, for a total transaction of $3,193,000.00. Following the completion of the sale, the chief executive officer owned 9,917,039 shares in the company, valued at approximately $316,651,055.27. This trade represents a 1.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 30.10% of the company’s stock.

Cadre Trading Down 2.2%

NYSE:CDRE opened at $29.81 on Friday. The company has a market capitalization of $1.28 billion, a PE ratio of 33.49, a price-to-earnings-growth ratio of 0.99 and a beta of 1.32. The company has a quick ratio of 2.54, a current ratio of 2.26 and a debt-to-equity ratio of 1.04. Cadre Holdings, Inc. has a 52-week low of $25.73 and a 52-week high of $48.76. The stock has a fifty day simple moving average of $32.16 and a 200-day simple moving average of $38.85.

Cadre (NYSE:CDRE) last released its quarterly earnings results on Tuesday, March 10th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.20). The firm had revenue of $167.22 million for the quarter, compared to analyst estimates of $182.94 million. Cadre had a return on equity of 12.39% and a net margin of 5.80%.The company’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period last year, the firm earned $0.32 EPS. On average, equities research analysts expect that Cadre Holdings, Inc. will post 1.34 earnings per share for the current fiscal year.

Cadre Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, May 1st. Cadre’s dividend payout ratio (DPR) is currently 44.94%.

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.