GW&K Investment Management LLC Lowers Stock Position in Cadre Holdings, Inc. $CDRE

GW&K Investment Management LLC cut its position in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 14.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 776,289 shares of the company’s stock after selling 131,084 shares during the quarter. GW&K Investment Management LLC’s holdings in Cadre were worth $28,342,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Huntington National Bank increased its stake in Cadre by 48.4% in the 2nd quarter. Huntington National Bank now owns 960 shares of the company’s stock valued at $31,000 after buying an additional 313 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Cadre by 585.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock worth $35,000 after buying an additional 832 shares during the last quarter. Assetmark Inc. grew 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 valued at $44,000 after acquiring an additional 420 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Cadre during the third quarter valued at approximately $74,000. Finally, Ameritas Investment Partners Inc. lifted its holdings in Cadre by 14.0% during 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. 43.95% of the stock is owned by institutional investors.

Cadre Stock Down 1.0%

Shares of NYSE CDRE opened at $44.99 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.64 and a quick ratio of 2.58. The stock has a market capitalization of $1.83 billion, a PE ratio of 40.17, a P/E/G ratio of 1.53 and a beta of 1.34. Cadre Holdings, Inc. has a one year low of $27.07 and a one year high of $48.76. The business’s fifty day moving average price is $42.49 and its 200-day moving average price is $39.88.

Cadre Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.9%. This is a boost from Cadre’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, January 30th. Cadre’s payout ratio is currently 35.71%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CDRE shares. B. Riley Financial reissued a “buy” rating on shares of Cadre in a research report on Thursday, November 6th. Lake Street Capital reiterated a “buy” rating and set a $53.00 target price on shares of Cadre in a research note on Wednesday, February 4th. Zacks Research raised shares of Cadre from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Cadre in a report on Monday, December 29th. Finally, CJS Securities raised shares of Cadre to a “strong-buy” rating in a research report on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $43.00.

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.