Cadre Holdings, Inc. (CDRE) to Distribute Quarterly Dividend of $0.10 on August 14th

Cadre Holdings, Inc. (NYSE:CDRE) declared a quarterly dividend on Tuesday, July 21st. Shareholders of record on Friday, July 31st will be paid a dividend of 0.10 per share on Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, July 31st.

Cadre has a payout ratio of 28.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Cadre to earn $1.42 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 28.2%.

Cadre Price Performance

CDRE stock opened at $33.44 on Wednesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.33 and a current ratio of 2.26. The firm has a 50 day moving average price of $29.61 and a 200-day moving average price of $34.16. Cadre has a 52-week low of $25.73 and a 52-week high of $48.76. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 37.58 and a beta of 1.33.

Insiders Place Their Bets

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

Institutional Trading of Cadre

A number of institutional investors and hedge funds have recently modified their holdings of the business. KBC Group NV purchased a new position in shares of Cadre in the first quarter worth $41,000. Assetmark Inc. boosted its position in shares of Cadre by 34.6% during the first quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock valued at $58,000 after buying an additional 483 shares during the last quarter. Danske Bank A S boosted its position in shares of Cadre by 400.0% during the fourth quarter. Danske Bank A S now owns 1,500 shares of the company’s stock valued at $61,000 after buying an additional 1,200 shares during the last quarter. State of Wyoming bought a new stake in Cadre in the 4th quarter worth about $65,000. Finally, Tower Research Capital LLC TRC increased its holdings in 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 buying an additional 2,246 shares in the last quarter. Institutional investors own 43.95% of the company’s stock.

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.