Cadre Holdings, Inc. $CDRE Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its position in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 30.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,637 shares of the company’s stock after selling 28,312 shares during the quarter. Russell Investments Group Ltd. owned 0.16% of Cadre worth $1,884,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CDRE. Envestnet Asset Management Inc. grew its stake in shares of Cadre by 19.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 31,737 shares of the company’s stock worth $1,025,000 after purchasing an additional 5,236 shares during the period. Barclays PLC grew its stake in shares of Cadre by 77.3% during the 4th quarter. Barclays PLC now owns 94,698 shares of the company’s stock worth $3,059,000 after purchasing an additional 41,301 shares during the period. Mariner LLC grew its stake in shares of Cadre by 65.8% during the 4th quarter. Mariner LLC now owns 11,387 shares of the company’s stock worth $368,000 after purchasing an additional 4,520 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Cadre by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 505,711 shares of the company’s stock worth $16,334,000 after purchasing an additional 44,785 shares during the period. Finally, MetLife Investment Management LLC grew its stake in shares of Cadre by 6.0% during the 4th quarter. MetLife Investment Management LLC now owns 16,152 shares of the company’s stock worth $522,000 after purchasing an additional 913 shares during the period. Institutional investors and hedge funds own 43.95% of the company’s stock.

Insider Transactions at Cadre

In other Cadre news, CEO Warren B. Kanders sold 25,000 shares of Cadre stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $32.78, for a total transaction of $819,500.00. Following the sale, the chief executive officer owned 10,216,192 shares of the company’s stock, valued at $334,886,773.76. The trade was a 0.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 125,000 shares of company stock worth $4,167,500. Insiders own 31.50% of the company’s stock.

Cadre Price Performance

Cadre stock opened at $30.78 on Wednesday. The company’s fifty day moving average price is $31.86 and its 200 day moving average price is $32.35. Cadre Holdings, Inc. has a 1 year low of $27.07 and a 1 year high of $40.28. The stock has a market capitalization of $1.25 billion, a P/E ratio of 32.74, a P/E/G ratio of 1.11 and a beta of 1.31. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.56 and a current ratio of 3.59.

Cadre (NYSE:CDRE) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.30 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $153.23 million. During the same quarter last year, the company earned $0.31 EPS. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. Cadre has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 1st. Cadre’s payout ratio is 40.43%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CDRE. Bank of America cut shares of Cadre from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $38.00 to $26.00 in a research note on Wednesday, August 13th. Wall Street Zen cut shares of Cadre from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.50.

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.