Ghisallo Capital Management LLC Sells 100,000 Shares of Cadre Holdings, Inc. (NYSE:CDRE)

Ghisallo Capital Management LLC reduced its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 54.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 84,570 shares of the company’s stock after selling 100,000 shares during the quarter. Ghisallo Capital Management LLC’s holdings in Cadre were worth $2,838,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Cadre by 21.2% during the first quarter. Vanguard Group Inc. now owns 1,180,212 shares of the company’s stock valued at $42,724,000 after purchasing an additional 206,564 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Cadre by 32.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 460,500 shares of the company’s stock valued at $16,671,000 after acquiring an additional 113,722 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Cadre by 30.2% in the second quarter. Dimensional Fund Advisors LP now owns 411,056 shares of the company’s stock valued at $13,794,000 after acquiring an additional 95,233 shares during the last quarter. Fred Alger Management LLC boosted its stake in Cadre by 19.6% in the second quarter. Fred Alger Management LLC now owns 393,638 shares of the company’s stock valued at $13,210,000 after acquiring an additional 64,543 shares during the last quarter. Finally, Zimmer Partners LP bought a new position in Cadre in the first quarter valued at approximately $11,990,000. 43.95% of the stock is owned by institutional investors.

Cadre Price Performance

Shares of CDRE stock opened at $38.08 on Wednesday. Cadre Holdings, Inc. has a 52-week low of $26.13 and a 52-week high of $39.81. The stock has a market cap of $1.55 billion, a PE ratio of 37.70, a PEG ratio of 2.22 and a beta of 1.28. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.14 and a current ratio of 3.17. The firm’s 50 day moving average price is $35.60 and its two-hundred day moving average price is $34.40.

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

Cadre Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were issued a $0.0875 dividend. The ex-dividend date was Friday, August 2nd. This represents a $0.35 annualized dividend and a yield of 0.92%. Cadre’s dividend payout ratio (DPR) is presently 34.65%.

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.