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

Key Points

• Advisors Asset Management Inc. increased its stake in Cadre Holdings, Inc. by 31.3%, now owning shares worth approximately $1.43 million as of the latest SEC disclosure.
• CEO Warren B. Kanders sold 50,000 shares for about $1.65 million, reducing his ownership stake slightly to 10.24 million shares.
• Analysts have downgraded Cadre's rating, with Bank of America lowering the price target from $38.00 to $26.00, currently resulting in a consensus rating of "Hold" for the stock.

Advisors Asset Management Inc. grew its stake in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 31.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,250 shares of the company's stock after purchasing an additional 11,513 shares during the period. Advisors Asset Management Inc. owned approximately 0.12% of Cadre worth $1,429,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Rafferty Asset Management LLC boosted its stake in shares of Cadre by 4.7% in the fourth quarter. Rafferty Asset Management LLC now owns 6,653 shares of the company's stock valued at $215,000 after buying an additional 299 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Cadre by 6.4% in 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Cadre by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,823 shares of the company's stock valued at $479,000 after buying an additional 578 shares in the last quarter. Navellier & Associates Inc. boosted its stake in shares of Cadre by 7.8% in the first quarter. Navellier & Associates Inc. now owns 9,623 shares of the company's stock valued at $287,000 after buying an additional 695 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Cadre by 37.7% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,221 shares of the company's stock valued at $125,000 after buying an additional 1,155 shares in the last quarter. Institutional investors and hedge funds own 43.95% of the company's stock.

Insiders Place Their Bets

In related news, CEO Warren B. Kanders sold 50,000 shares of the stock in a transaction dated 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 directly owned 10,241,192 shares in the company, valued at approximately $338,061,747.92. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold 125,000 shares of company stock worth $4,167,500 in the last quarter. Corporate insiders own 31.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Bank of America downgraded Cadre from a "neutral" rating to an "underperform" rating and decreased their price target for the company from $38.00 to $26.00 in a research note on Wednesday, August 13th. Wall Street Zen upgraded Cadre from a "hold" rating to a "buy" rating in a research note on Saturday. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Cadre has an average rating of "Hold" and an average target price of $31.50.

Cadre Price Performance

Shares of NYSE:CDRE traded down $0.07 on Friday, hitting $32.42. The company had a trading volume of 237,714 shares, compared to its average volume of 218,153. The business has a 50 day moving average of $31.58 and a 200 day moving average of $32.04. Cadre Holdings, Inc. has a 52-week low of $27.07 and a 52-week high of $40.28. The company has a market cap of $1.32 billion, a PE ratio of 34.49, a PEG ratio of 1.19 and a beta of 1.30. The company has a current ratio of 3.59, a quick ratio of 2.56 and a debt-to-equity ratio of 0.90.

Cadre (NYSE:CDRE - Get Free Report) last released its 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. Cadre had a return on equity of 12.08% and a net margin of 6.65%.The firm had revenue of $157.11 million for the quarter, compared to the consensus estimate of $153.23 million. During the same period in the prior year, the business posted $0.31 earnings per share. 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 analysts anticipate that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Announces Dividend

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

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.