Russell Investments Group Ltd. Sells 28,312 Shares of Cadre Holdings, Inc. $CDRE

Key Points

• Russell Investments Group Ltd. reduced its stake in Cadre Holdings by 30.8%, now holding 63,637 shares valued at approximately $1.88 million as of the latest SEC filing.
• CEO Warren B. Kanders sold 25,000 shares of Cadre stock for $819,500, reducing his ownership slightly but still retaining 10.2 million shares valued at over $334 million.
• Cadre announced a quarterly dividend of $0.095 per share, reflecting an annualized yield of 1.2% with insiders owning 31.5% of the company’s stock.

Russell Investments Group Ltd. trimmed its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 30.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 63,637 shares of the company's stock after selling 28,312 shares during the quarter. Russell Investments Group Ltd. owned about 0.16% of Cadre worth $1,884,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Nuveen LLC bought a new stake in shares of Cadre during the 1st quarter valued at $1,648,000. Swiss National Bank lifted its position in shares of Cadre by 6.8% during the 1st quarter. Swiss National Bank now owns 55,100 shares of the company's stock valued at $1,632,000 after acquiring an additional 3,500 shares during the period. Corbyn Investment Management Inc. MD lifted its position in shares of Cadre by 31.4% during the 1st quarter. Corbyn Investment Management Inc. MD now owns 41,539 shares of the company's stock valued at $1,230,000 after acquiring an additional 9,935 shares during the period. Vanguard Group Inc. lifted its position in shares of 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 during the period. Finally, Natixis Advisors LLC lifted its position in shares of Cadre by 19.7% during the 1st quarter. Natixis Advisors LLC now owns 14,429 shares of the company's stock valued at $427,000 after acquiring an additional 2,371 shares during the period. 43.95% of the stock is currently owned by institutional investors.

Insider Activity at Cadre

In other news, CEO Warren B. Kanders sold 50,000 shares of the 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In 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 corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CDRE shares. Wall Street Zen downgraded Cadre from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Bank of America lowered 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. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Cadre has an average rating of "Hold" and a consensus target price of $31.50.

Cadre Price Performance

Shares of CDRE traded down $0.04 during midday trading on Monday, hitting $30.86. The company's stock had a trading volume of 202,242 shares, compared to its average volume of 414,891. Cadre Holdings, Inc. has a one year low of $27.07 and a one year high of $40.28. The company's fifty day simple moving average is $31.71 and its two-hundred day simple moving average is $32.22. The company has a quick ratio of 2.56, a current ratio of 3.59 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 32.83, a price-to-earnings-growth ratio of 1.13 and a beta of 1.31.

Cadre (NYSE:CDRE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.30 earnings per share (EPS) for the quarter, beating 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 company had revenue of $157.11 million for the quarter, compared to analyst estimates of $153.23 million. During the same quarter last year, the company posted $0.31 EPS. The company'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 expect that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders 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%.

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.