GAMMA Investing LLC Acquires 18,237 Shares of Cadre Holdings, Inc. (NYSE:CDRE)

GAMMA Investing LLC increased its holdings in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 3,402.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,773 shares of the company's stock after purchasing an additional 18,237 shares during the period. GAMMA Investing LLC's holdings in Cadre were worth $556,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Cadre by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,823 shares of the company's stock worth $479,000 after acquiring an additional 578 shares during the last quarter. Millennium Management LLC increased its holdings 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 buying an additional 16,261 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Cadre during the fourth quarter worth approximately $516,000. Two Sigma Investments LP acquired a new stake in shares of Cadre during the fourth quarter worth approximately $610,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Cadre by 21.1% in the fourth quarter. JPMorgan Chase & Co. now owns 201,675 shares of the company's stock valued at $6,514,000 after purchasing an additional 35,136 shares in the last quarter. 43.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cadre

In other news, CEO Warren B. Kanders sold 50,000 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $33.11, for a total value of $1,655,500.00. Following the completion of the transaction, the chief executive officer now owns 10,566,192 shares of the company's stock, valued at $349,846,617.12. The trade was a 0.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 37.00% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on CDRE shares. Wall Street Zen raised shares of Cadre from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Bank of America lowered shares of Cadre from a "buy" rating to a "neutral" rating and lowered their price target for the company from $45.00 to $38.00 in a report on Friday, June 13th.

Cadre Price Performance

Shares of CDRE stock opened at $33.78 on Thursday. Cadre Holdings, Inc. has a 52-week low of $27.07 and a 52-week high of $40.28. The stock has a market cap of $1.37 billion, a PE ratio of 35.56, a PEG ratio of 1.26 and a beta of 1.36. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.57 and a current ratio of 3.55. The firm's 50 day moving average price is $32.75 and its two-hundred day moving average price is $33.52.

Cadre (NYSE:CDRE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.10. Cadre had a net margin of 6.87% and a return on equity of 12.52%. The firm had revenue of $130.11 million for the quarter, compared to analysts' expectations of $121.53 million. During the same period last year, the firm earned $0.18 earnings per share. The business's revenue for the quarter was down 5.6% on a year-over-year basis. As a group, analysts forecast that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were paid a $0.095 dividend. The ex-dividend date was Friday, May 2nd. This represents a $0.38 dividend on an annualized basis and a yield of 1.12%. Cadre's payout ratio is presently 40.00%.

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.

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