Legal & General Group Plc Purchases Shares of 40,784 Cadre Holdings, Inc. $CDRE

Legal & General Group Plc acquired a new position in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 40,784 shares of the company's stock, valued at approximately $1,163,000. Legal & General Group Plc owned about 0.10% of Cadre as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. KBC Group NV acquired a new position in shares of Cadre in the 1st quarter valued at about $41,000. Assetmark Inc. grew its holdings in Cadre by 34.6% during the first quarter. Assetmark Inc. now owns 1,878 shares of the company's stock worth $58,000 after acquiring an additional 483 shares during the period. State of Wyoming acquired a new stake in Cadre during the second quarter worth about $61,000. Tower Research Capital LLC TRC grew its holdings in Cadre by 110.3% during 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 period. Finally, Canada Pension Plan Investment Board raised its position in Cadre by 34.4% during the second quarter. Canada Pension Plan Investment Board now owns 4,300 shares of the company's stock valued at $137,000 after acquiring an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 43.95% of the company's stock.

Cadre Trading Down 0.3%

CDRE opened at $29.67 on Tuesday. Cadre Holdings, Inc. has a one year low of $25.73 and a one year high of $48.76. The business's 50 day moving average price is $30.96 and its 200 day moving average price is $32.07. The stock has a market capitalization of $1.27 billion, a PE ratio of 34.91, a P/E/G ratio of 1.00 and a beta of 1.31. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.35 and a current ratio of 2.14.

Cadre (NYSE:CDRE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.04. Cadre had a net margin of 5.26% and a return on equity of 12.02%. The firm had revenue of $207.13 million during the quarter, compared to analysts' expectations of $178.29 million. As a group, equities research analysts expect that Cadre Holdings, Inc. will post 1.33 EPS for the current year.

Cadre Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, July 31st. Cadre's payout ratio is presently 47.06%.

Insider Transactions at Cadre

In other news, CEO Warren Kanders sold 100,000 shares of the business's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $33.36, for a total transaction of $3,336,000.00. Following the completion of the transaction, the chief executive officer directly owned 9,517,039 shares of the company's stock, valued at approximately $317,488,421.04. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders sold 275,000 shares of company stock valued at $8,427,500. 30.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CDRE shares. Roth Capital reiterated a "buy" rating and issued a $43.00 target price (up from $40.00) on shares of Cadre in a research note on Monday, August 10th. UBS Group set a $43.00 price target on Cadre in a report on Monday, August 10th. Zacks Research upgraded Cadre from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 4th. DA Davidson upped their price objective on shares of Cadre from $40.00 to $43.00 and gave the stock an "overweight" rating in a research report on Monday, August 10th. Finally, Wall Street Zen raised shares of Cadre from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $45.00.

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.

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