Advisors Asset Management Inc. Grows Stock Position in Cadre Holdings, Inc. (NYSE:CDRE)

Advisors Asset Management Inc. grew its position in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 62.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,582 shares of the company’s stock after purchasing an additional 11,342 shares during the period. Advisors Asset Management Inc. owned approximately 0.07% of Cadre worth $1,123,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Cadre by 21.2% during the 1st quarter. Vanguard Group Inc. now owns 1,180,212 shares of the company’s stock worth $42,724,000 after buying an additional 206,564 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Cadre by 32.8% during the first 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. California State Teachers Retirement System lifted its stake in shares of Cadre by 11.5% in the first quarter. California State Teachers Retirement System now owns 22,234 shares of the company’s stock worth $805,000 after acquiring an additional 2,301 shares in the last quarter. Zimmer Partners LP purchased a new position in Cadre in the first quarter valued at about $11,990,000. Finally, Oak Ridge Investments LLC grew its stake in Cadre by 79.3% during the 2nd quarter. Oak Ridge Investments LLC now owns 100,361 shares of the company’s stock valued at $3,368,000 after purchasing an additional 44,375 shares in the last quarter. 43.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Roth Mkm cut their target price on Cadre from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Cadre currently has an average rating of “Moderate Buy” and a consensus price target of $39.75.

Cadre Stock Up 0.4 %

NYSE:CDRE opened at $33.60 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 40.48, a price-to-earnings-growth ratio of 1.98 and a beta of 1.30. Cadre Holdings, Inc. has a one year low of $29.18 and a one year high of $40.28. The stock has a 50-day simple moving average of $36.49 and a 200 day simple moving average of $34.94.

Cadre (NYSE:CDRE) last issued its earnings results on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. The company had revenue of $109.41 million during the quarter, compared to analyst estimates of $126.27 million. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The business’s revenue was down 12.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 EPS. Sell-side analysts predict that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.0875 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.04%. Cadre’s dividend payout ratio (DPR) is 42.17%.

Insider Transactions at Cadre

In other news, CEO Warren B. Kanders sold 7,964 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $32.09, for a total transaction of $255,564.76. Following the completion of the transaction, the chief executive officer now owns 11,899,247 shares of the company’s stock, valued at approximately $381,846,836.23. The trade was a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 37.00% of the company’s stock.

About Cadre

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.