Axiom Investors LLC DE Sells 22,396 Shares of Cadre Holdings, Inc. $CDRE

Key Points

• Axiom Investors LLC DE reduced its stake in Cadre Holdings, Inc. by 19.5%, holding approximately $2.73 million worth of shares after selling 22,396 shares in the first quarter.
• Insider trading activity includes CEO Warren B. Kanders selling 50,000 shares for about $1.65 million, representing a 0.49% decrease in his ownership of the company.
• Cadre recently announced a quarterly dividend of $0.095 per share, translating to an annualized dividend yield of 1.2% and a payout ratio of 40.43%.

Axiom Investors LLC DE lowered its holdings in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 19.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 92,323 shares of the company's stock after selling 22,396 shares during the quarter. Axiom Investors LLC DE owned approximately 0.23% of Cadre worth $2,734,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CDRE. State of Wyoming purchased a new position in shares of Cadre in the 1st quarter valued at approximately $69,000. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Cadre by 37.7% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,221 shares of the company's stock valued at $125,000 after purchasing an additional 1,155 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Cadre by 24,275.0% in the 1st quarter. Jones Financial Companies Lllp now owns 4,875 shares of the company's stock valued at $144,000 after purchasing an additional 4,855 shares during the period. XTX Topco Ltd purchased a new position in shares of Cadre in the 1st quarter valued at approximately $209,000. Finally, Rafferty Asset Management LLC lifted its stake in shares of Cadre by 4.7% in the 4th quarter. Rafferty Asset Management LLC now owns 6,653 shares of the company's stock valued at $215,000 after purchasing an additional 299 shares during the period. Hedge funds and other institutional investors own 43.95% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CDRE. Wall Street Zen upgraded Cadre from a "hold" rating to a "buy" rating in a research note on Saturday. Bank of America cut Cadre from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $38.00 to $26.00 in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Cadre has a consensus rating of "Hold" and a consensus price target of $31.50.

Insider Activity at Cadre

In other Cadre news, CEO Warren B. Kanders sold 25,000 shares of Cadre stock in a transaction on 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, 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 0.2%

CDRE stock traded down $0.07 on Friday, reaching $32.42. 237,714 shares of the company traded hands, compared to its average volume of 207,973. Cadre Holdings, Inc. has a one year low of $27.07 and a one year high of $40.28. 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 P/E ratio of 34.49, a price-to-earnings-growth ratio of 1.19 and a beta of 1.31. The firm has a fifty day simple moving average of $31.58 and a 200-day simple moving average of $32.03.

Cadre (NYSE:CDRE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.05. Cadre had a return on equity of 12.08% and a net margin of 6.65%.The company had revenue of $157.11 million during the quarter, compared to analyst estimates of $153.23 million. During the same quarter last year, the company earned $0.31 EPS. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. Cadre has set its FY 2025 guidance at EPS. Research analysts anticipate that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Announces Dividend

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