Envestnet Asset Management Inc. Boosts Stock Holdings in Cadre Holdings, Inc. $CDRE

Envestnet Asset Management Inc. boosted its position in Cadre Holdings, Inc. (NYSE:CDRE) by 91.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,750 shares of the company’s stock after purchasing an additional 22,315 shares during the period. Envestnet Asset Management Inc.’s holdings in Cadre were worth $1,707,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CDRE. Huntington National Bank raised 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 worth $31,000 after buying an additional 313 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Cadre by 585.9% in the third quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock valued at $35,000 after buying an additional 832 shares in the last quarter. Assetmark Inc. grew its holdings in Cadre by 43.1% during the second quarter. Assetmark Inc. now owns 1,395 shares of the company’s stock worth $44,000 after acquiring an additional 420 shares during the period. State of Alaska Department of Revenue purchased a new position in Cadre in the third quarter worth $74,000. Finally, Ameritas Investment Partners Inc. lifted its holdings in Cadre by 14.0% in the second quarter. Ameritas Investment Partners Inc. now owns 2,908 shares of the company’s stock valued at $93,000 after acquiring an additional 357 shares during the period. Institutional investors and hedge funds own 43.95% of the company’s stock.

Analysts Set New Price Targets

CDRE has been the topic of a number of recent analyst reports. CJS Securities raised shares of Cadre to a “strong-buy” rating in a research note on Thursday, December 11th. 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 research report on Monday, December 29th. Roth Mkm increased their target price on shares of Cadre from $49.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Finally, B. Riley Financial reissued a “buy” rating on shares of Cadre in a research note on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $43.00.

Cadre Price Performance

Shares of NYSE CDRE opened at $44.40 on Friday. The company has a current ratio of 3.64, a quick ratio of 2.58 and a debt-to-equity ratio of 0.87. The company’s 50-day moving average price is $42.25 and its 200 day moving average price is $39.50. Cadre Holdings, Inc. has a 52 week low of $27.07 and a 52 week high of $46.64. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 39.64, a PEG ratio of 1.50 and a beta of 1.36.

Cadre Increases Dividend

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

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.