Axiom Investors LLC DE Has $2.73 Million Stake in Cadre Holdings, Inc. $CDRE

Key Points

• Axiom Investors LLC DE reduced its stake in Cadre Holdings, Inc. by 19.5%, now owning about 0.23% of the company, valued at approximately $2.73 million.
• Analysts have recently downgraded Cadre, with Bank of America lowering its rating from "neutral" to "underperform" and cutting the price target from $38 to $26.
• Cadre announced a quarterly dividend of $0.095 per share, representing a 1.2% yield, while insiders sold 175,000 shares worth around $5.82 million in the last 90 days.

Axiom Investors LLC DE lowered its position in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 19.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,323 shares of the company's stock after selling 22,396 shares during the period. Axiom Investors LLC DE owned about 0.23% of Cadre worth $2,734,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CDRE. Harel Insurance Investments & Financial Services Ltd. increased its position 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 buying an additional 1,155 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Cadre in the 1st quarter valued at $209,000. Rafferty Asset Management LLC increased its position 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 buying an additional 299 shares in the last quarter. ProShare Advisors LLC bought a new stake in shares of Cadre in the 4th quarter valued at $237,000. Finally, Arizona State Retirement System increased its holdings in Cadre by 6.4% during the 1st quarter. Arizona State Retirement System now owns 8,153 shares of the company's stock worth $241,000 after purchasing an additional 492 shares in the last quarter. Institutional investors own 43.95% of the company's stock.

Insider Buying and Selling at Cadre

In other news, CEO Warren B. Kanders sold 50,000 shares of the firm's stock in a transaction dated 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 owned 10,241,192 shares in the company, valued at $338,061,747.92. This trade represents a 0.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders sold 125,000 shares of company stock valued at $4,167,500. 31.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wall Street Zen cut Cadre from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Bank of America cut Cadre from a "neutral" rating to an "underperform" rating and lowered their target price for the stock from $38.00 to $26.00 in a report on Wednesday, August 13th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Cadre presently has a consensus rating of "Hold" and a consensus price target of $31.50.

Cadre Stock Down 0.1%

Shares of NYSE CDRE traded down $0.04 during mid-day trading on Friday, hitting $30.86. The company had a trading volume of 122,719 shares, compared to its average volume of 291,252. The company has a market capitalization of $1.25 billion, a PE ratio of 32.83, a price-to-earnings-growth ratio of 1.14 and a beta of 1.31. The firm has a 50-day simple moving average of $31.75 and a two-hundred day simple moving average of $32.31. 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 Holdings, Inc. has a one year low of $27.07 and a one year high of $40.28.

Cadre (NYSE:CDRE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.05. The company had revenue of $157.11 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 EPS. Cadre has set its FY 2025 guidance at EPS. On average, equities analysts expect that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a $0.095 dividend. The ex-dividend date was Friday, August 1st. This represents a $0.38 annualized dividend and a dividend yield of 1.2%. 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.