12,109 Shares in Cadre Holdings, Inc. $CDRE Acquired by Alamea Verwaltungs GmbH

Key Points

• Alamea Verwaltungs GmbH acquired a stake in Cadre Holdings, purchasing 12,109 shares valued at about $359,000 during the first quarter.
• Cadre reported a quarterly earnings per share of $0.30, exceeding analyst expectations and showing an 8.9% year-over-year revenue growth, reaching $157.11 million.
• The company announced a quarterly dividend of $0.095, equating to an annualized yield of 1.2% and a payout ratio of 40.43%.

Alamea Verwaltungs GmbH bought a new stake in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,109 shares of the company's stock, valued at approximately $359,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CDRE. State of Wyoming bought a new position in Cadre during the first quarter valued at approximately $69,000. Harel Insurance Investments & Financial Services Ltd. grew its position in Cadre by 37.7% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,221 shares of the company's stock valued at $125,000 after acquiring an additional 1,155 shares during the last quarter. XTX Topco Ltd bought a new position in Cadre during the first quarter valued at approximately $209,000. Rafferty Asset Management LLC grew its position in Cadre by 4.7% during the fourth quarter. Rafferty Asset Management LLC now owns 6,653 shares of the company's stock valued at $215,000 after acquiring an additional 299 shares during the last quarter. Finally, ProShare Advisors LLC bought a new position in shares of Cadre in the fourth quarter worth approximately $237,000. 43.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wall Street Zen cut shares of Cadre from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Bank of America cut 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. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Cadre has an average rating of "Hold" and a consensus price target of $31.50.

Insider Buying and Selling

In related news, CEO Warren B. Kanders sold 25,000 shares of Cadre stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $32.78, for a total value of $819,500.00. Following the completion of the sale, the chief executive officer directly owned 10,216,192 shares in the company, 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 can be accessed through the SEC website. In the last ninety days, insiders sold 125,000 shares of company stock valued at $4,167,500. 31.50% of the stock is currently owned by company insiders.

Cadre Stock Down 1.4%

Shares of CDRE traded down $0.44 during trading hours on Wednesday, hitting $30.46. The company had a trading volume of 265,631 shares, compared to its average volume of 401,628. The firm has a fifty day moving average price of $31.63 and a 200-day moving average price of $32.18. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.56 and a current ratio of 3.59. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 32.78, a P/E/G ratio of 1.13 and a beta of 1.30. Cadre Holdings, Inc. has a 52-week low of $27.07 and a 52-week high of $40.28.

Cadre (NYSE:CDRE - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.05. The firm 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 quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 EPS. Cadre has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Announces Dividend

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

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.