Driehaus Capital Management LLC Reduces Stake in Cadre Holdings, Inc. (NYSE:CDRE)

Driehaus Capital Management LLC lowered its stake in Cadre Holdings, Inc. (NYSE:CDRE) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 405,658 shares of the company’s stock after selling 4,029 shares during the period. Driehaus Capital Management LLC owned approximately 1.00% of Cadre worth $13,614,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CDRE. Zimmer Partners LP purchased a new position in shares of Cadre during the first quarter valued at approximately $11,990,000. Vanguard Group Inc. boosted its position 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 buying an additional 206,564 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Cadre by 32.8% during 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 buying an additional 113,722 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Cadre by 30.2% during the second quarter. Dimensional Fund Advisors LP now owns 411,056 shares of the company’s stock valued at $13,794,000 after buying an additional 95,233 shares during the period. Finally, Old West Investment Management LLC boosted its position in shares of Cadre by 59.9% during the second quarter. Old West Investment Management LLC now owns 220,211 shares of the company’s stock valued at $7,390,000 after buying an additional 82,501 shares during the period. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Cadre Stock Down 0.0 %

Shares of NYSE:CDRE opened at $37.87 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.17 and a quick ratio of 2.14. The firm has a market capitalization of $1.54 billion, a PE ratio of 37.50, a price-to-earnings-growth ratio of 2.22 and a beta of 1.28. The business has a 50 day simple moving average of $35.61 and a two-hundred day simple moving average of $34.40. Cadre Holdings, Inc. has a 1 year low of $26.08 and a 1 year high of $39.81.

Cadre (NYSE:CDRE) last announced its quarterly earnings results 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. The firm had revenue of $144.31 million during the quarter, compared to analyst estimates of $142.06 million. Cadre had a return on equity of 17.45% and a net margin of 7.55%. Cadre’s quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 earnings per share. On average, equities analysts predict that Cadre Holdings, Inc. will post 1.04 EPS for the current year.

Cadre Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors 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 dividend on an annualized basis and a dividend yield of 0.92%. Cadre’s payout ratio is 34.65%.

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.