Cinctive Capital Management LP Takes Position in Cadre Holdings, Inc. $CDRE

Key Points

• Cinctive Capital Management LP has acquired 32,658 shares of Cadre Holdings, Inc. ($CDRE) valued at approximately $967,000, indicating growing institutional interest in the company.
• Cadre reported a quarterly EPS of $0.30, surpassing analysts' estimates of $0.25, and achieved a revenue increase of 8.9% year-over-year, amounting to $157.11 million.
• The company announced a quarterly dividend of $0.095 per share, with a yield of 1.2% and a payout ratio of 40.43%, demonstrating its commitment to returning value to shareholders.

Cinctive Capital Management LP purchased a new position in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 32,658 shares of the company's stock, valued at approximately $967,000. Cinctive Capital Management LP owned approximately 0.08% of Cadre at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CDRE. Pembroke Management LTD acquired a new position in shares of Cadre during the first quarter worth about $5,039,000. WCM Investment Management LLC boosted its position in shares of Cadre by 38.6% during the first quarter. WCM Investment Management LLC now owns 536,843 shares of the company's stock worth $15,611,000 after buying an additional 149,551 shares during the period. Northern Trust Corp boosted its position in Cadre by 38.8% during the fourth quarter. Northern Trust Corp now owns 300,105 shares of the company's stock valued at $9,693,000 after purchasing an additional 83,903 shares during the last quarter. Nuveen LLC acquired a new position in Cadre during the first quarter valued at approximately $1,648,000. Finally, Dimensional Fund Advisors LP boosted its position in Cadre by 9.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 505,711 shares of the company's stock valued at $16,334,000 after purchasing an additional 44,785 shares during the last quarter. 43.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Cadre news, CEO Warren B. Kanders sold 50,000 shares of the firm's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $33.01, for a total transaction of $1,650,500.00. Following the transaction, the chief executive officer owned 10,241,192 shares in the company, valued at $338,061,747.92. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 125,000 shares of company stock worth $4,167,500. 31.50% of the stock is owned by company insiders.

Cadre Stock Performance

NYSE:CDRE traded up $0.19 during mid-day trading on Wednesday, hitting $31.45. 24,918 shares of the stock were exchanged, compared to its average volume of 287,923. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 33.45, a price-to-earnings-growth ratio of 1.17 and a beta of 1.30. The firm's 50-day simple moving average is $31.58 and its 200 day simple moving average is $32.06. 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 Holdings, Inc. has a fifty-two week low of $27.07 and a fifty-two week high of $40.28.

Cadre (NYSE:CDRE - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.05. The business had revenue of $157.11 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the firm posted $0.31 EPS. Cadre has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, August 1st. Cadre's dividend payout ratio (DPR) is 40.43%.

Wall Street Analysts Forecast Growth

CDRE has been the subject of several recent research reports. Bank of America cut Cadre from a "neutral" rating to an "underperform" rating and reduced their price target for the company from $38.00 to $26.00 in a research report on Wednesday, August 13th. Wall Street Zen cut Cadre from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $31.50.

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.