Cadre Holdings, Inc. (NYSE:CDRE) Stake Raised by Advisors Asset Management Inc.

Advisors Asset Management Inc. grew its holdings in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 62.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,582 shares of the company’s stock after purchasing an additional 11,342 shares during the period. Advisors Asset Management Inc.’s holdings in Cadre were worth $1,123,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Cadre by 21.2% during the 1st quarter. Vanguard Group Inc. now owns 1,180,212 shares of the company’s stock valued at $42,724,000 after acquiring an additional 206,564 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Cadre by 32.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 460,500 shares of the company’s stock worth $16,671,000 after purchasing an additional 113,722 shares during the period. California State Teachers Retirement System grew its position in Cadre by 11.5% in the 1st quarter. California State Teachers Retirement System now owns 22,234 shares of the company’s stock worth $805,000 after purchasing an additional 2,301 shares during the last quarter. Zimmer Partners LP acquired a new stake in shares of Cadre during the 1st quarter worth approximately $11,990,000. Finally, Oak Ridge Investments LLC lifted its holdings in shares of Cadre by 79.3% during the 2nd quarter. Oak Ridge Investments LLC now owns 100,361 shares of the company’s stock worth $3,368,000 after acquiring an additional 44,375 shares during the period. 43.95% of the stock is currently owned by institutional investors.

Cadre Price Performance

Shares of CDRE stock opened at $33.60 on Tuesday. Cadre Holdings, Inc. has a 1 year low of $29.18 and a 1 year high of $40.28. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65. The firm’s 50 day moving average is $36.49 and its 200-day moving average is $34.94. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 40.48, a PEG ratio of 1.98 and a beta of 1.30.

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

Cadre Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a $0.0875 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.35 dividend on an annualized basis and a yield of 1.04%. Cadre’s payout ratio is 42.17%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

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