Cadre Holdings, Inc. $CDRE Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its holdings in Cadre Holdings, Inc. (NYSE:CDRE) by 13.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,958 shares of the company’s stock after purchasing an additional 6,708 shares during the period. Advisors Asset Management Inc. owned about 0.14% of Cadre worth $1,750,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Huntington National Bank boosted its holdings in Cadre by 48.4% during the second quarter. Huntington National Bank now owns 960 shares of the company’s stock worth $31,000 after buying an additional 313 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Cadre by 43.1% during the 2nd quarter. Assetmark Inc. now owns 1,395 shares of the company’s stock worth $44,000 after acquiring an additional 420 shares in the last quarter. Militia Capital Partners LP acquired a new position in shares of Cadre in the 1st quarter worth $49,000. State of Wyoming acquired a new stake in shares of Cadre during the first quarter worth $69,000. Finally, Ameritas Investment Partners Inc. raised its position in shares of Cadre by 14.0% during the second quarter. Ameritas Investment Partners Inc. now owns 2,908 shares of the company’s stock worth $93,000 after purchasing an additional 357 shares during the period. 43.95% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Warren B. Kanders sold 86,903 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $39.00, for a total transaction of $3,389,217.00. Following the completion of the sale, the chief executive officer owned 10,129,289 shares in the company, valued at approximately $395,042,271. This represents a 0.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 31.50% of the company’s stock.

Cadre Price Performance

Shares of CDRE opened at $42.68 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.58 and a current ratio of 3.64. The firm has a market cap of $1.74 billion, a PE ratio of 38.11, a PEG ratio of 1.52 and a beta of 1.36. The firm’s 50 day moving average price is $40.53 and its 200 day moving average price is $35.30. Cadre Holdings, Inc. has a twelve month low of $27.07 and a twelve month high of $46.64.

Cadre (NYSE:CDRE) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. Cadre had a net margin of 7.33% and a return on equity of 13.94%. The company had revenue of $155.87 million for the quarter, compared to analyst estimates of $158.96 million. During the same quarter in the prior year, the business posted $0.09 EPS. Cadre’s quarterly revenue was up 42.5% on a year-over-year basis. Cadre has set its FY 2025 guidance at EPS. As a group, research analysts expect that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were given a $0.095 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a $0.38 dividend on an annualized basis and a dividend yield of 0.9%. Cadre’s payout ratio is currently 33.93%.

Analyst Ratings Changes

CDRE has been the subject of a number of recent analyst reports. B. Riley reiterated a “buy” rating on shares of Cadre in a research report on Thursday, November 6th. Lake Street Capital raised their target price on shares of Cadre from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Bank of America lowered shares of Cadre from a “neutral” rating to an “underperform” rating and cut their price target for the company from $38.00 to $26.00 in a report on Wednesday, August 13th. Wall Street Zen upgraded shares of Cadre from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Cadre in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $37.67.

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.