Advisors Asset Management Inc. Has $1.43 Million Position in Cadre Holdings, Inc. $CDRE

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. raised its holdings in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 31.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,250 shares of the company's stock after acquiring an additional 11,513 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.12% of Cadre worth $1,429,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Cadre by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 1,432,441 shares of the company's stock valued at $42,415,000 after acquiring an additional 41,476 shares in the last quarter. WCM Investment Management LLC grew its stake in shares of Cadre by 38.6% in the 1st quarter. WCM Investment Management LLC now owns 536,843 shares of the company's stock valued at $15,611,000 after buying an additional 149,551 shares in the last quarter. Northern Trust Corp grew its stake in shares of Cadre by 14.9% in the 1st quarter. Northern Trust Corp now owns 344,693 shares of the company's stock valued at $10,206,000 after buying an additional 44,588 shares in the last quarter. Old West Investment Management LLC grew its stake in shares of Cadre by 1.3% in the 1st quarter. Old West Investment Management LLC now owns 215,636 shares of the company's stock valued at $6,385,000 after buying an additional 2,706 shares in the last quarter. Finally, Pembroke Management LTD bought a new stake in shares of Cadre in the 1st quarter valued at approximately $5,039,000. Hedge funds and other institutional investors own 43.95% of the company's stock.

Cadre Stock Performance

Shares of NYSE CDRE traded down $0.03 during trading hours on Friday, reaching $32.46. The stock had a trading volume of 41,430 shares, compared to its average volume of 286,647. The business's fifty day moving average is $31.58 and its two-hundred day moving average is $32.05. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.59 and a quick ratio of 2.56. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 34.47, a PEG ratio of 1.16 and a beta of 1.30. Cadre Holdings, Inc. has a twelve month low of $27.07 and a twelve month high of $40.28.

Cadre (NYSE:CDRE - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.05. The business had revenue of $157.11 million during 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 was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 earnings per share. 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 year.

Cadre Announces Dividend

The company also recently announced 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 dividend yield of 1.2%. The ex-dividend date was Friday, August 1st. Cadre's dividend payout ratio is presently 40.43%.

Analysts Set New Price Targets

Several research firms recently weighed in on CDRE. Bank of America lowered Cadre from a "neutral" rating to an "underperform" rating and reduced their target price for the stock from $38.00 to $26.00 in a report on Wednesday, August 13th. Wall Street Zen lowered Cadre from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One 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 presently has a consensus rating of "Hold" and a consensus target price of $31.50.

Insider Activity at Cadre

In related news, CEO Warren B. Kanders sold 50,000 shares of the company's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $33.01, for a total value of $1,650,500.00. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 125,000 shares of company stock valued at $4,167,500 in the last three months. Corporate insiders own 31.50% of the company's stock.

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.