Cadre Holdings, Inc. $CDRE Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its stake in Cadre Holdings, Inc. (NYSE:CDRE) by 53.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,161 shares of the company’s stock after selling 9,365 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Cadre were worth $260,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Arizona State Retirement System grew its position in Cadre by 6.4% during the first quarter. Arizona State Retirement System now owns 8,153 shares of the company’s stock valued at $241,000 after buying an additional 492 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Cadre by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,451 shares of the company’s stock worth $458,000 after acquiring an additional 628 shares in the last quarter. Navellier & Associates Inc. grew its position in shares of Cadre by 7.8% during the 1st quarter. Navellier & Associates Inc. now owns 9,623 shares of the company’s stock valued at $287,000 after acquiring an additional 695 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Cadre by 37.7% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,221 shares of the company’s stock valued at $125,000 after purchasing an additional 1,155 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Cadre by 0.8% in the 1st quarter. Bank of New York Mellon Corp now owns 164,311 shares of the company’s stock worth $4,865,000 after purchasing an additional 1,248 shares during the period. 43.95% of the stock is owned by institutional investors and hedge funds.

Cadre Trading Down 0.2%

Shares of CDRE stock opened at $42.57 on Monday. The stock’s fifty day moving average is $36.30 and its two-hundred day moving average is $33.78. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.56 and a current ratio of 3.59. The firm has a market capitalization of $1.73 billion, a P/E ratio of 45.29, a PEG ratio of 1.54 and a beta of 1.35. Cadre Holdings, Inc. has a fifty-two week low of $27.07 and a fifty-two week high of $44.29.

Cadre (NYSE:CDRE) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. The company had revenue of $157.11 million for 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 firm’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 EPS. Cadre has set its FY 2025 guidance at EPS. Research analysts expect that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be issued a $0.095 dividend. The ex-dividend date is Friday, October 31st. This represents a $0.38 dividend on an annualized basis and a yield of 0.9%. Cadre’s dividend payout ratio (DPR) is presently 40.43%.

Wall Street Analysts Forecast Growth

CDRE has been the topic of several research analyst reports. Roth Capital reissued a “buy” rating and issued a $44.00 price objective on shares of Cadre in a report on Friday, October 10th. Wall Street Zen upgraded Cadre from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadre in a research report on Wednesday, October 8th. Lake Street Capital increased their target price on Cadre from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Finally, Bank of America downgraded shares of Cadre from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $38.00 to $26.00 in a report on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Cadre has a consensus rating of “Hold” and an average target price of $37.50.

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.