SG Americas Securities LLC Acquires Shares of 6,970 Cadre Holdings, Inc. (NYSE:CDRE)

SG Americas Securities LLC acquired a new stake in Cadre Holdings, Inc. (NYSE:CDRE) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 6,970 shares of the company’s stock, valued at approximately $229,000.

Several other institutional investors have also recently bought and sold shares of CDRE. Bank of New York Mellon Corp raised its position in Cadre by 115.6% in the 1st quarter. Bank of New York Mellon Corp now owns 19,298 shares of the company’s stock valued at $474,000 after purchasing an additional 10,349 shares during the last quarter. BlackRock Inc. raised its position in shares of Cadre by 14.0% during the first quarter. BlackRock Inc. now owns 305,937 shares of the company’s stock worth $7,515,000 after acquiring an additional 37,547 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Cadre by 0.5% during the first quarter. Vanguard Group Inc. now owns 263,921 shares of the company’s stock worth $6,482,000 after acquiring an additional 1,346 shares during the last quarter. Federated Hermes Inc. bought a new stake in shares of Cadre during the first quarter worth $60,000. Finally, Penserra Capital Management LLC bought a new stake in shares of Cadre during the first quarter worth $412,000. Institutional investors own 43.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CDRE shares. Roth Mkm restated a “buy” rating and set a $43.00 target price (up previously from $38.00) on shares of Cadre in a research report on Wednesday, March 6th. Stifel Nicolaus boosted their target price on Cadre from $33.00 to $34.00 and gave the stock a “hold” rating in a research report on Wednesday, March 6th. Raymond James downgraded Cadre from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Stephens boosted their target price on Cadre from $36.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Finally, B. Riley reaffirmed a “buy” rating and set a $48.00 price objective (up from $40.00) on shares of Cadre in a research note on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.25.

Insider Buying and Selling at Cadre

In other news, CEO Warren B. Kanders sold 1,438,127 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $35.00, for a total value of $50,334,445.00. Following the sale, the chief executive officer now directly owns 12,184,918 shares in the company, valued at $426,472,130. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 49.20% of the company’s stock.

Cadre Stock Up 1.2 %

NYSE:CDRE opened at $34.18 on Friday. Cadre Holdings, Inc. has a 1 year low of $19.13 and a 1 year high of $39.81. The company has a current ratio of 2.58, a quick ratio of 1.73 and a debt-to-equity ratio of 0.65. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 1.90 and a beta of 1.32. The stock has a 50-day moving average price of $35.76 and a two-hundred day moving average price of $32.52.

Cadre (NYSE:CDRE) last posted its earnings results on Tuesday, March 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.11. Cadre had a return on equity of 21.85% and a net margin of 8.01%. The firm had revenue of $124.58 million during the quarter, compared to analysts’ expectations of $122.30 million. As a group, equities analysts expect that Cadre Holdings, Inc. will post 1.18 earnings per share for the current year.

Cadre Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 2nd were paid a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 1.02%. This is a boost from Cadre’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, February 1st. Cadre’s payout ratio is presently 34.31%.

Cadre Company 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.