Dynamic Technology Lab Private Ltd Grows Holdings in Cadre Holdings, Inc. $CDRE

Key Points

• Dynamic Technology Lab Private Ltd significantly increased its stake in Cadre Holdings, Inc., by acquiring 22,399 shares in the first quarter, raising their total ownership to approximately 30,473 shares.
• Cadre Holdings recently reported an earnings per share (EPS) of $0.30 for the quarter, exceeding estimates, while their revenue grew 8.9% year-over-year to $157.11 million.
• The company declared a quarterly dividend of $0.095 per share, resulting in an annualized yield of 1.2%, with a dividend payout ratio of 40.43%.

Dynamic Technology Lab Private Ltd raised its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 277.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 30,473 shares of the company's stock after acquiring an additional 22,399 shares during the period. Dynamic Technology Lab Private Ltd owned approximately 0.07% of Cadre worth $902,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in 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. WCM Investment Management LLC lifted its stake in Cadre by 38.6% during the 1st quarter. WCM Investment Management LLC now owns 536,843 shares of the company's stock valued at $15,611,000 after acquiring an additional 149,551 shares during the period. Select Equity Group L.P. lifted its stake in Cadre by 726.6% during the 1st quarter. Select Equity Group L.P. now owns 447,337 shares of the company's stock valued at $13,246,000 after acquiring an additional 393,218 shares during the period. Northern Trust Corp lifted its stake in Cadre by 14.9% during the 1st quarter. Northern Trust Corp now owns 344,693 shares of the company's stock valued at $10,206,000 after acquiring an additional 44,588 shares during the period. Finally, Old West Investment Management LLC lifted its stake in Cadre by 1.3% during the 1st quarter. Old West Investment Management LLC now owns 215,636 shares of the company's stock valued at $6,385,000 after acquiring an additional 2,706 shares during the period. Institutional investors own 43.95% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on CDRE shares. Wall Street Zen upgraded shares of Cadre from a "hold" rating to a "buy" rating in a research note on Saturday. Bank of America cut shares of 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 equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Cadre currently has a consensus rating of "Hold" and an average target price of $31.50.

Insider Transactions at Cadre

In related news, CEO Warren B. Kanders sold 25,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were 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 of the company's stock, valued at approximately $334,886,773.76. This represents a 0.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have sold 125,000 shares of company stock valued at $4,167,500. Corporate insiders own 31.50% of the company's stock.

Cadre Stock Performance

Shares of NYSE CDRE traded down $0.07 during midday trading on Friday, hitting $32.42. 237,714 shares of the company's stock traded hands, compared to its average volume of 207,973. Cadre Holdings, Inc. has a 1 year low of $27.07 and a 1 year high of $40.28. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 34.49, a price-to-earnings-growth ratio of 1.19 and a beta of 1.31. 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 firm has a fifty day moving average of $31.58 and a 200 day moving average of $32.03.

Cadre (NYSE:CDRE - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.25 by $0.05. Cadre had a net margin of 6.65% and a return on equity of 12.08%. The firm had revenue of $157.11 million during the quarter, compared to analyst estimates of $153.23 million. During the same quarter in the prior year, the firm earned $0.31 EPS. The business'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. On average, analysts forecast that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Announces Dividend

The company also recently announced 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 of this dividend was Friday, August 1st. Cadre's dividend payout ratio is currently 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.