Cadre Holdings, Inc. (NYSE:CDRE) Shares Acquired by Corbyn Investment Management Inc. MD

Key Points

• Corbyn Investment Management Inc. MD increased its stake in Cadre Holdings, Inc. (NYSE:CDRE) by 31.4%, owning 41,539 shares valued at $1.23 million, following the purchase of 9,935 additional shares.
• Cadre recently announced a quarterly dividend of $0.095, translating to an annualized yield of 1.1% and a payout ratio of 40.00%.
• Cadre's stock opened at $34.74, with a market capitalization of $1.41 billion, and it exceeded analyst expectations by reporting earnings of $0.30 per share for the previous quarter.

Corbyn Investment Management Inc. MD grew its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 31.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,539 shares of the company's stock after buying an additional 9,935 shares during the period. Corbyn Investment Management Inc. MD owned 0.10% of Cadre worth $1,230,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Cadre by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,823 shares of the company's stock worth $479,000 after purchasing an additional 578 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Cadre by 103.3% during the fourth quarter. Millennium Management LLC now owns 32,004 shares of the company's stock worth $1,034,000 after purchasing an additional 16,261 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Cadre by 3,402.4% during the first quarter. GAMMA Investing LLC now owns 18,773 shares of the company's stock worth $556,000 after purchasing an additional 18,237 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Cadre during the fourth quarter worth about $516,000. Finally, Two Sigma Investments LP acquired a new position in shares of Cadre during the fourth quarter worth about $610,000. Hedge funds and other institutional investors own 43.95% of the company's stock.

Insider Activity

In related news, CEO Warren B. Kanders sold 25,000 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $32.78, for a total transaction of $819,500.00. Following the completion of the transaction, the chief executive officer owned 10,216,192 shares in the company, valued at $334,886,773.76. The trade was a 0.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 275,000 shares of company stock valued at $9,309,000. Company insiders own 37.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CDRE shares. Bank of America lowered Cadre from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $45.00 to $38.00 in a research report on Friday, June 13th. Wall Street Zen lowered Cadre from a "buy" rating to a "hold" rating in a research report on Saturday.

Cadre Stock Down 1.8%

Cadre stock traded down $0.56 during midday trading on Friday, hitting $30.52. The stock had a trading volume of 584,684 shares, compared to its average volume of 324,722. The company has a current ratio of 3.59, a quick ratio of 2.57 and a debt-to-equity ratio of 0.90. The stock has a market cap of $1.24 billion, a P/E ratio of 32.47, a P/E/G ratio of 1.12 and a beta of 1.31. Cadre Holdings, Inc. has a 12 month low of $27.07 and a 12 month high of $40.28. The business has a fifty day moving average price of $33.03 and a 200 day moving average price of $33.05.

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 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 earnings per share. Research analysts predict that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is 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.