32,658 Shares in Cadre Holdings, Inc. $CDRE Acquired by Cinctive Capital Management LP

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

Other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Cadre by 9.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 505,711 shares of the company's stock worth $16,334,000 after buying an additional 44,785 shares in the last quarter. Northern Trust Corp raised its stake in Cadre by 38.8% in 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 in the last quarter. BNP Paribas Financial Markets bought a new stake in Cadre during the fourth quarter worth about $516,000. Bank of America Corp DE grew its stake in Cadre by 31.0% during the fourth quarter. Bank of America Corp DE now owns 156,911 shares of the company's stock worth $5,068,000 after buying an additional 37,151 shares in the last quarter. Finally, Deprince Race & Zollo Inc. increased its holdings in Cadre by 93.2% in the 4th quarter. Deprince Race & Zollo Inc. now owns 61,887 shares of the company's stock valued at $1,999,000 after buying an additional 29,847 shares during the period. Institutional investors own 43.95% of the company's stock.

Analyst Upgrades and Downgrades

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

Cadre Stock Down 1.8%

Shares of NYSE CDRE traded down $0.56 during trading on Tuesday, hitting $31.31. 119,202 shares of the company traded hands, compared to its average volume of 289,466. 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. The business's fifty day moving average is $31.59 and its 200 day moving average is $32.07. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 33.31, a P/E/G ratio of 1.18 and a beta of 1.31.

Cadre (NYSE:CDRE - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.30 earnings per share for the quarter, topping 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%.Cadre's revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 earnings per share. Cadre has set its FY 2025 guidance at EPS. Equities research analysts predict that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a $0.095 dividend. 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 payout ratio is currently 40.43%.

Insider Activity at Cadre

In related news, CEO Warren B. Kanders sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $32.78, for a total value of $819,500.00. Following the completion of the transaction, the chief executive officer directly owned 10,216,192 shares of the company's stock, valued at approximately $334,886,773.76. This trade represents a 0.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have sold 125,000 shares of company stock worth $4,167,500. Corporate insiders own 31.50% of the company's stock.

About Cadre

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.