Natixis Advisors LLC Acquires 2,371 Shares of Cadre Holdings, Inc. (NYSE:CDRE)

Natixis Advisors LLC boosted its holdings in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 19.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,429 shares of the company’s stock after acquiring an additional 2,371 shares during the quarter. Natixis Advisors LLC’s holdings in Cadre were worth $427,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CDRE. XTX Topco Ltd bought a new position in shares of Cadre in the first quarter valued at approximately $209,000. Premier Fund Managers Ltd bought a new position in shares of Cadre in the first quarter valued at approximately $665,000. Navellier & Associates Inc. raised its position in shares of Cadre by 7.8% in the first quarter. Navellier & Associates Inc. now owns 9,623 shares of the company’s stock valued at $287,000 after purchasing an additional 695 shares during the period. Arizona State Retirement System raised its position in shares of Cadre by 6.4% in the first quarter. Arizona State Retirement System now owns 8,153 shares of the company’s stock valued at $241,000 after purchasing an additional 492 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Cadre by 12.0% in the first quarter. Envestnet Asset Management Inc. now owns 35,558 shares of the company’s stock valued at $1,053,000 after purchasing an additional 3,821 shares during the period. Institutional investors own 43.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CDRE shares. Bank of America lowered shares of Cadre from a “buy” rating to a “neutral” rating and dropped their price target for the company from $45.00 to $38.00 in a research report on Friday, June 13th. Wall Street Zen lowered shares of Cadre from a “buy” rating to a “hold” rating in a research report on Saturday.

Insider Transactions at Cadre

In related news, CEO Warren B. Kanders sold 100,000 shares of the company’s stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $34.86, for a total transaction of $3,486,000.00. Following the transaction, the chief executive officer owned 10,716,192 shares in the company, valued at $373,566,453.12. This represents a 0.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 275,000 shares of company stock worth $9,309,000. 31.50% of the stock is owned by corporate insiders.

Cadre Trading Down 6.8%

Shares of CDRE stock opened at $28.48 on Tuesday. Cadre Holdings, Inc. has a 1 year low of $27.07 and a 1 year high of $40.28. The firm’s fifty day simple moving average is $32.94 and its 200 day simple moving average is $32.93. The firm has a market capitalization of $1.16 billion, a P/E ratio of 30.30, a price-to-earnings-growth ratio of 1.12 and a beta of 1.31. The company has a current ratio of 3.59, a quick ratio of 2.56 and a debt-to-equity ratio of 0.90.

Cadre (NYSE:CDRE) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. Cadre had a net margin of 6.65% and a return on equity of 12.08%. The firm had revenue of $157.11 million for the quarter, compared to the consensus estimate of $153.23 million. During the same quarter in the previous year, the company earned $0.31 earnings per share. The business’s revenue was up 8.9% compared to the same quarter last year. As a group, sell-side analysts predict that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a dividend of $0.095 per share. The ex-dividend date is Friday, August 1st. This represents a $0.38 annualized dividend and a yield of 1.3%. Cadre’s dividend payout ratio is 40.43%.

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.