Janus Henderson Group PLC Sells 71,713 Shares of Cadre Holdings, Inc. $CDRE

Janus Henderson Group PLC reduced its holdings in Cadre Holdings, Inc. (NYSE:CDRE) by 50.9% during the 1st quarter, HoldingsChannel reports. The firm owned 69,108 shares of the company’s stock after selling 71,713 shares during the quarter. Janus Henderson Group PLC’s holdings in Cadre were worth $2,120,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CDRE. KBC Group NV bought a new stake in Cadre during the 1st quarter valued at approximately $41,000. Danske Bank A S increased its position in Cadre by 400.0% in the 4th quarter. Danske Bank A S now owns 1,500 shares of the company’s stock worth $61,000 after buying an additional 1,200 shares during the period. State of Wyoming acquired a new position in shares of Cadre during the fourth quarter worth approximately $65,000. Assetmark Inc. boosted its position in shares of Cadre by 34.6% in the first quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock valued at $58,000 after acquiring an additional 483 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in shares of Cadre by 110.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,283 shares of the company’s stock worth $136,000 after acquiring an additional 2,246 shares during the last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

Cadre Stock Down 5.8%

NYSE CDRE opened at $32.98 on Friday. Cadre Holdings, Inc. has a 1-year low of $25.73 and a 1-year high of $48.76. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 38.80 and a beta of 1.32. The stock’s 50 day moving average is $29.78 and its two-hundred day moving average is $33.60. The company has a current ratio of 2.14, a quick ratio of 1.33 and a debt-to-equity ratio of 1.02.

Cadre (NYSE:CDRE) last issued its earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The business had revenue of $207.13 million during the quarter, compared to analysts’ expectations of $178.29 million. Cadre had a return on equity of 12.02% and a net margin of 5.26%. Equities analysts forecast that Cadre Holdings, Inc. will post 1.47 earnings per share for the current fiscal year.

Cadre Dividend Announcement

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 paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, July 31st. Cadre’s payout ratio is currently 44.94%.

Insider Buying and Selling at Cadre

In related news, CEO Warren B. Kanders sold 50,000 shares of Cadre stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $27.43, for a total transaction of $1,371,500.00. Following the completion of the transaction, the chief executive officer directly owned 9,617,039 shares of the company’s stock, valued at $263,795,379.77. This trade represents a 0.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have sold 175,000 shares of company stock valued at $5,091,500. 30.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CDRE shares. JPMorgan Chase & Co. boosted their target price on shares of Cadre from $40.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday. Roth Capital reaffirmed a “buy” rating and set a $40.00 price objective on shares of Cadre in a research report on Wednesday, May 13th. Weiss Ratings cut shares of Cadre from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Zacks Research upgraded Cadre from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 4th. Finally, Wall Street Zen raised Cadre from a “hold” rating to a “buy” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Cadre has an average rating of “Moderate Buy” and a consensus target price of $40.80.

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.