Dynamic Technology Lab Private Ltd Raises Stock 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 increased its position in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 277.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 30,473 shares of the company's stock after buying an additional 22,399 shares during the period. Dynamic Technology Lab Private Ltd owned about 0.07% of Cadre worth $902,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. State of Wyoming bought a new position in Cadre in the 1st quarter worth $69,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Cadre by 37.7% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,221 shares of the company's stock worth $125,000 after buying an additional 1,155 shares during the period. Rafferty Asset Management LLC boosted its holdings in Cadre by 4.7% in the 4th quarter. Rafferty Asset Management LLC now owns 6,653 shares of the company's stock worth $215,000 after buying an additional 299 shares during the period. XTX Topco Ltd bought a new position in Cadre in the 1st quarter worth $209,000. Finally, ProShare Advisors LLC bought a new position in Cadre in the 4th quarter worth $237,000. Institutional investors own 43.95% of the company's stock.

Cadre Price Performance

Shares of NYSE CDRE traded down $0.07 during mid-day trading on Friday, hitting $32.42. 237,714 shares of the company's stock traded hands, compared to its average volume of 287,785. The company's 50-day moving average is $31.58 and its two-hundred day moving average is $32.05. 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 capitalization of $1.32 billion, a P/E ratio of 34.49, a PEG ratio of 1.16 and a beta of 1.30. Cadre Holdings, Inc. has a 1 year low of $27.07 and a 1 year high of $40.28.

Cadre (NYSE:CDRE - Get Free Report) last announced its 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. The firm had revenue of $157.11 million for the quarter, compared to analysts' expectations of $153.23 million. Cadre had a net margin of 6.65% and a return on equity of 12.08%. The business's revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 EPS. Cadre has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, August 1st. Cadre's dividend payout ratio is currently 40.43%.

Insider Activity

In other news, CEO Warren B. Kanders sold 25,000 shares of the company's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $32.78, for a total transaction of $819,500.00. Following the sale, the chief executive officer directly owned 10,216,192 shares in the company, valued at approximately $334,886,773.76. This represents a 0.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 125,000 shares of company stock worth $4,167,500. 31.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CDRE has been the topic of several research analyst reports. Bank of America cut shares of Cadre from a "neutral" rating to an "underperform" rating and decreased their price target for the stock from $38.00 to $26.00 in a research note on Wednesday, August 13th. Wall Street Zen cut shares of Cadre from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $31.50.

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.