Loomis Sayles & Co. L P Has $35.70 Million Position in Cadre Holdings, Inc. (NYSE:CDRE)

Loomis Sayles & Co. L P raised its stake in Cadre Holdings, Inc. (NYSE:CDRE) by 21.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 940,731 shares of the company’s stock after buying an additional 167,214 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Cadre were worth $35,701,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in 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 purchasing an additional 113,722 shares during the period. Vanguard Group Inc. lifted 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 worth $42,724,000 after acquiring an additional 206,564 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Cadre by 28.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 161,036 shares of the company’s stock worth $5,404,000 after acquiring an additional 35,476 shares in the last quarter. Old West Investment Management LLC increased its stake in Cadre by 59.9% in the second quarter. Old West Investment Management LLC now owns 220,211 shares of the company’s stock valued at $7,390,000 after acquiring an additional 82,501 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Cadre by 30.2% during the second quarter. Dimensional Fund Advisors LP now owns 411,056 shares of the company’s stock worth $13,794,000 after purchasing an additional 95,233 shares during the last quarter. 43.95% of the stock is currently owned by institutional investors.

Cadre Price Performance

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

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

Cadre Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.0875 per share. The ex-dividend date 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 presently 42.17%.

Insider Buying and Selling

In related news, CEO Warren B. Kanders sold 7,964 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $32.09, for a total value of $255,564.76. Following the sale, the chief executive officer now directly owns 11,899,247 shares in the company, valued at $381,846,836.23. This represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 37.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

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.