Two Sigma Investments LP Acquires New Stake in Cadre Holdings, Inc. (NYSE:CDRE)

Two Sigma Investments LP acquired a new stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 18,885 shares of the company’s stock, valued at approximately $610,000.

Other large investors have also recently added to or reduced their stakes in the company. Assetmark Inc. acquired a new stake in shares of Cadre during the 4th quarter valued at $31,000. SG Americas Securities LLC bought a new position in shares of Cadre during the 4th quarter valued at $100,000. US Bancorp DE raised its holdings in shares of Cadre by 10.6% during the 4th quarter. US Bancorp DE now owns 4,178 shares of the company’s stock valued at $135,000 after purchasing an additional 400 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Cadre by 1,451.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,251 shares of the company’s stock valued at $137,000 after purchasing an additional 3,977 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Cadre by 50.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 4,800 shares of the company’s stock valued at $155,000 after purchasing an additional 1,600 shares in the last quarter. 43.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Warren B. Kanders sold 50,000 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $31.88, for a total transaction of $1,594,000.00. Following the transaction, the chief executive officer now owns 10,866,192 shares in the company, valued at approximately $346,414,200.96. The trade was a 0.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 200,000 shares of company stock worth $6,735,500 in the last quarter. 37.00% of the stock is currently owned by company insiders.

Cadre Stock Performance

Shares of CDRE opened at $34.52 on Monday. The company has a market capitalization of $1.40 billion, a PE ratio of 41.59, a price-to-earnings-growth ratio of 1.58 and a beta of 1.36. Cadre Holdings, Inc. has a one year low of $27.07 and a one year high of $40.28. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.01 and a quick ratio of 1.96. The company’s fifty day moving average price is $31.83 and its 200 day moving average price is $33.44.

Cadre (NYSE:CDRE) last announced its earnings results on Tuesday, May 6th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.13 by $0.10. The firm had revenue of $130.11 million for the quarter, compared to the consensus estimate of $121.53 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The business’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS. As a group, analysts expect that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were issued a $0.095 dividend. The ex-dividend date was Friday, May 2nd. This represents a $0.38 annualized dividend and a yield of 1.10%. Cadre’s dividend payout ratio (DPR) is presently 40.00%.

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.