Corbyn Investment Management Inc. MD Buys 50,143 Shares of Cadre Holdings, Inc. $CDRE

Corbyn Investment Management Inc. MD boosted its position in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 102.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,144 shares of the company’s stock after purchasing an additional 50,143 shares during the period. Corbyn Investment Management Inc. MD’s holdings in Cadre were worth $3,042,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Deprince Race & Zollo Inc. boosted its position in shares of Cadre by 79.8% during the first quarter. Deprince Race & Zollo Inc. now owns 159,862 shares of the company’s stock worth $4,905,000 after buying an additional 70,974 shares during the period. Janney Montgomery Scott LLC boosted its position in Cadre by 26.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 25,461 shares of the company’s stock worth $781,000 after acquiring an additional 5,296 shares during the last quarter. ARS Investment Partners LLC boosted its position in Cadre by 19.0% during the 1st quarter. ARS Investment Partners LLC now owns 12,319 shares of the company’s stock worth $378,000 after acquiring an additional 1,970 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Cadre by 3.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 25,720 shares of the company’s stock worth $1,050,000 after acquiring an additional 809 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Cadre in the fourth quarter valued at approximately $988,000. Institutional investors and hedge funds own 43.95% of the company’s stock.

Insider Buying and Selling

In other 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 value of $1,371,500.00. Following the completion of the transaction, the chief executive officer 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 legal filing with the SEC, which is available at this link. Insiders have sold a total of 175,000 shares of company stock valued at $5,091,500 in the last ninety days. Company insiders own 30.10% of the company’s stock.

Cadre Price Performance

NYSE:CDRE opened at $29.44 on Monday. Cadre Holdings, Inc. has a 1-year low of $25.73 and a 1-year high of $48.76. The company has a current ratio of 2.26, a quick ratio of 1.33 and a debt-to-equity ratio of 1.04. The firm has a fifty day simple moving average of $29.56 and a 200 day simple moving average of $35.58. The stock has a market capitalization of $1.26 billion, a PE ratio of 33.07 and a beta of 1.33.

Cadre Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were paid a $0.10 dividend. The ex-dividend date was Friday, May 1st. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. Cadre’s dividend payout ratio (DPR) is currently 44.94%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CDRE shares. Roth Mkm restated a “buy” rating and set a $40.00 target price on shares of Cadre in a report on Wednesday, May 13th. Weiss Ratings lowered shares of Cadre from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Jefferies Financial Group set a $40.00 price target on shares of Cadre in a research report on Wednesday, May 13th. Zacks Research upgraded shares of Cadre from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 4th. Finally, Wall Street Zen cut Cadre from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 14th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.75.

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.