Oppenheimer Asset Management Inc. Has $930,000 Position in Cadre Holdings, Inc. $CDRE

Oppenheimer Asset Management Inc. increased its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 212.3% in the third quarter, Holdings Channel.com reports. The firm owned 25,484 shares of the company’s stock after buying an additional 17,323 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Cadre were worth $930,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Huntington National Bank grew its stake in shares of Cadre by 48.4% during the second quarter. Huntington National Bank now owns 960 shares of the company’s stock worth $31,000 after buying an additional 313 shares during the last quarter. Jones Financial Companies Lllp grew its position in Cadre by 585.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock worth $35,000 after acquiring an additional 832 shares during the last quarter. Assetmark Inc. grew its position in Cadre by 43.1% during the 2nd quarter. Assetmark Inc. now owns 1,395 shares of the company’s stock worth $44,000 after acquiring an additional 420 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Cadre in the third quarter valued at about $74,000. Finally, Ameritas Investment Partners Inc. raised its position 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 purchasing an additional 357 shares during the last quarter. Institutional investors own 43.95% of the company’s stock.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, CEO Warren B. Kanders sold 86,903 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $39.00, for a total value of $3,389,217.00. Following the transaction, the chief executive officer directly owned 10,129,289 shares of the company’s stock, valued at $395,042,271. The trade was a 0.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 31.50% of the company’s stock.

Cadre Stock Up 2.3%

Shares of NYSE CDRE opened at $42.21 on Friday. The company’s 50 day moving average price is $42.09 and its 200-day moving average price is $38.69. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.58 and a current ratio of 3.64. Cadre Holdings, Inc. has a 52-week low of $27.07 and a 52-week high of $46.64. The company has a market capitalization of $1.72 billion, a P/E ratio of 37.68, a price-to-earnings-growth ratio of 1.42 and a beta of 1.36.

Cadre Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were issued a $0.10 dividend. The ex-dividend date was Friday, January 30th. This is a positive change from Cadre’s previous quarterly dividend of $0.10. This represents a $0.40 annualized dividend and a yield of 0.9%. Cadre’s dividend payout ratio (DPR) is presently 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.