Deutsche Bank AG Sells 2,400 Shares of Cadre Holdings, Inc. $CDRE

Deutsche Bank AG decreased its holdings in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 2.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,837 shares of the company’s stock after selling 2,400 shares during the quarter. Deutsche Bank AG owned 0.25% of Cadre worth $3,045,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Rafferty Asset Management LLC grew its holdings in shares of Cadre by 4.7% during the fourth quarter. Rafferty Asset Management LLC now owns 6,653 shares of the company’s stock worth $215,000 after purchasing an additional 299 shares in the last quarter. Arizona State Retirement System boosted its stake in Cadre by 6.4% in the first quarter. Arizona State Retirement System now owns 8,153 shares of the company’s stock worth $241,000 after buying an additional 492 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Cadre by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,823 shares of the company’s stock worth $479,000 after buying an additional 578 shares in the last quarter. Navellier & Associates Inc. boosted its stake in Cadre by 7.8% in the first quarter. Navellier & Associates Inc. now owns 9,623 shares of the company’s stock worth $287,000 after buying an additional 695 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in Cadre by 6.0% in the fourth quarter. MetLife Investment Management LLC now owns 16,152 shares of the company’s stock worth $522,000 after buying an additional 913 shares in the last quarter. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Insider Activity

In other news, CEO Warren B. Kanders sold 50,000 shares of Cadre stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $33.01, for a total value of $1,650,500.00. Following the completion of the transaction, the chief executive officer owned 10,241,192 shares of the company’s stock, valued at $338,061,747.92. The trade was a 0.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 175,000 shares of company stock valued at $5,823,000. 31.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CDRE has been the subject of several research reports. Bank of America lowered Cadre from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $38.00 to $26.00 in a research note on Wednesday, August 13th. Wall Street Zen lowered Cadre from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $31.50.

Cadre Price Performance

Shares of Cadre stock opened at $29.4090 on Wednesday. The company has a quick ratio of 2.56, a current ratio of 3.59 and a debt-to-equity ratio of 0.90. The company has a market cap of $1.20 billion, a PE ratio of 31.29, a P/E/G ratio of 1.09 and a beta of 1.31. The business has a 50 day moving average of $32.35 and a 200 day moving average of $32.57. Cadre Holdings, Inc. has a 52 week low of $27.07 and a 52 week high of $40.28.

Cadre (NYSE:CDRE) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.25 by $0.05. The business had revenue of $157.11 million during the quarter, compared to analyst estimates of $153.23 million. Cadre had a return on equity of 12.08% and a net margin of 6.65%.The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 earnings per share. Cadre has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Dividend Announcement

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

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.