Cadre Holdings, Inc. (NYSE:CDRE) Shares Bought by Martingale Asset Management L P

Martingale Asset Management L P grew its stake in Cadre Holdings, Inc. (NYSE:CDRE) by 18.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,794 shares of the company’s stock after purchasing an additional 5,105 shares during the period. Martingale Asset Management L P owned approximately 0.08% of Cadre worth $1,245,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position 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 last quarter. Loomis Sayles & Co. L P raised its holdings in Cadre by 21.6% during the third quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock worth $35,701,000 after purchasing an additional 167,214 shares in the last quarter. Dimensional Fund Advisors LP lifted its position 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 purchasing an additional 95,233 shares during the period. Fred Alger Management LLC boosted its holdings in Cadre by 19.6% in the 2nd quarter. Fred Alger Management LLC now owns 393,638 shares of the company’s stock valued at $13,210,000 after purchasing an additional 64,543 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Cadre by 22.5% during the 2nd quarter. Renaissance Technologies LLC now owns 312,500 shares of the company’s stock worth $10,488,000 after buying an additional 57,400 shares in the last quarter. 43.95% of the stock is owned by institutional investors and hedge funds.

Cadre Trading Down 0.2 %

Shares of CDRE opened at $33.39 on Monday. The firm’s 50-day moving average is $36.20 and its two-hundred day moving average is $34.99. Cadre Holdings, Inc. has a twelve month low of $29.18 and a twelve month 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 has a market capitalization of $1.36 billion, a P/E ratio of 40.23, a PEG ratio of 1.97 and a beta of 1.30.

Cadre (NYSE:CDRE) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.03. The firm had revenue of $109.41 million during 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%. Cadre’s quarterly revenue was down 12.6% on a year-over-year basis. During the same period last year, the business posted $0.29 EPS. On average, research analysts predict that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Dividend Announcement

The firm 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 of this dividend was Friday, November 1st. This represents a $0.35 annualized dividend and a dividend yield of 1.05%. Cadre’s dividend payout ratio is presently 42.17%.

Wall Street Analyst Weigh In

Separately, Roth Mkm decreased their price target 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $39.75.

Insider Activity at Cadre

In related news, CEO Warren B. Kanders sold 50,000 shares of Cadre stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $33.55, for a total transaction of $1,677,500.00. Following the completion of the transaction, the chief executive officer now directly owns 11,682,211 shares in the company, valued at $391,938,179.05. The trade was a 0.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Nicolas Sokolow sold 1,095 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $34.10, for a total value of $37,339.50. Following the sale, the director now owns 83,208 shares in the company, valued at approximately $2,837,392.80. This trade represents a 1.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 114,059 shares of company stock valued at $3,770,654. Insiders own 37.00% of the company’s stock.

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.