Truist Financial Corp Makes New $209,000 Investment in Cadre Holdings, Inc. (NYSE:CDRE)

Truist Financial Corp bought a new position in Cadre Holdings, Inc. (NYSE:CDRE) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,237 shares of the company’s stock, valued at approximately $209,000.

A number of other large investors have also bought and sold shares of CDRE. Zimmer Partners LP bought a new stake in shares of Cadre during the 1st quarter valued at $11,990,000. Vanguard Group Inc. increased its stake in Cadre by 21.2% in the 1st quarter. Vanguard Group Inc. now owns 1,180,212 shares of the company’s stock worth $42,724,000 after acquiring an additional 206,564 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Cadre by 32.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 460,500 shares of the company’s stock worth $16,671,000 after acquiring an additional 113,722 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Cadre by 30.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 411,056 shares of the company’s stock worth $13,794,000 after acquiring an additional 95,233 shares during the last quarter. Finally, Old West Investment Management LLC increased its stake in Cadre by 59.9% in the 2nd quarter. Old West Investment Management LLC now owns 220,211 shares of the company’s stock worth $7,390,000 after acquiring an additional 82,501 shares during the last quarter. 43.95% of the stock is owned by hedge funds and other institutional investors.

Cadre Price Performance

Shares of NYSE CDRE opened at $38.50 on Friday. The firm has a market capitalization of $1.56 billion, a P/E ratio of 38.12, a P/E/G ratio of 2.38 and a beta of 1.28. The company has a quick ratio of 2.14, a current ratio of 3.17 and a debt-to-equity ratio of 0.66. The stock’s 50-day simple moving average is $36.54 and its two-hundred day simple moving average is $34.71. Cadre Holdings, Inc. has a twelve month low of $27.34 and a twelve month high of $40.28.

Cadre (NYSE:CDRE) last posted its quarterly earnings data on Friday, August 9th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. Cadre had a return on equity of 17.45% and a net margin of 7.55%. The firm had revenue of $144.31 million during the quarter, compared to analysts’ expectations of $142.06 million. During the same period in the prior year, the business earned $0.29 EPS. The company’s revenue for the quarter was up 19.2% compared to the same quarter last year. As a group, equities analysts anticipate that Cadre Holdings, Inc. will post 1.04 EPS for the current fiscal year.

Cadre Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were issued a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 0.91%. The ex-dividend date was Friday, August 2nd. Cadre’s dividend payout ratio is presently 34.65%.

Cadre Profile

Cadre Holdings, Inc manufactures and distributes safety that provides protection to users in hazardous or life-threatening situations in the United States and internationally. The company operates in two segments, Products and Distribution. It offers body armor product, such as concealable, corrections, and tactical armor under the Safariland and Protech Tactical brand names; survival suits, remotely operated vehicles, specialty tools, blast sensors, accessories, and vehicle blast attenuation seats for bomb safety technicians; bomb suits; duty gear, including belts and accessories; and other protective equipment comprising communications gear, forensic and investigation products, firearms cleaning solutions, and crowd control products.