GAMMA Investing LLC Has $556,000 Stake in Cadre Holdings, Inc. (NYSE:CDRE)

GAMMA Investing LLC increased its position in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 3,402.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,773 shares of the company's stock after acquiring 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 quarter.

A number of other hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Cadre by 38.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,684 shares of the company's stock worth $1,540,000 after acquiring an additional 13,142 shares during the period. Two Sigma Investments LP acquired a new position in Cadre during the fourth quarter worth about $610,000. Two Sigma Advisers LP grew its holdings in Cadre by 15.3% during the fourth quarter. Two Sigma Advisers LP now owns 23,300 shares of the company's stock worth $753,000 after acquiring an additional 3,100 shares during the period. Select Equity Group L.P. grew its holdings in Cadre by 41.2% during the fourth quarter. Select Equity Group L.P. now owns 54,119 shares of the company's stock worth $1,748,000 after acquiring an additional 15,796 shares during the period. Finally, Rafferty Asset Management LLC grew its holdings in Cadre by 4.7% during the fourth quarter. Rafferty Asset Management LLC now owns 6,653 shares of the company's stock worth $215,000 after acquiring an additional 299 shares during the period. 43.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Cadre Stock Down 2.5%

NYSE:CDRE traded down $0.83 on Friday, hitting $32.90. 579,876 shares of the company's stock traded hands, compared to its average volume of 258,393. The company has a current ratio of 3.55, a quick ratio of 2.57 and a debt-to-equity ratio of 0.66. Cadre Holdings, Inc. has a 1 year low of $27.07 and a 1 year high of $40.28. The firm has a 50-day moving average price of $32.87 and a 200-day moving average price of $33.49. The company has a market cap of $1.34 billion, a PE ratio of 34.63, a price-to-earnings-growth ratio of 1.21 and a beta of 1.36.

Cadre (NYSE:CDRE - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.10. Cadre had a return on equity of 12.52% and a net margin of 6.87%. The company had revenue of $130.11 million for the quarter, compared to analysts' expectations of $121.53 million. During the same quarter in the previous year, the business posted $0.18 EPS. The business's revenue for the quarter was down 5.6% on a year-over-year basis. 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, May 16th. Shareholders of record on Friday, May 2nd were paid a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.38 annualized dividend and a yield of 1.16%. Cadre's dividend payout ratio (DPR) is presently 40.00%.

Insider Buying and Selling at Cadre

In other news, CEO Warren B. Kanders sold 100,000 shares of Cadre stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $34.86, for a total transaction of $3,486,000.00. Following the completion of the sale, the chief executive officer now directly owns 10,716,192 shares in the company, valued at $373,566,453.12. The trade was a 0.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 37.00% of the company's stock.

About Cadre

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.