Greenhouse Funds LLLP Reduces Position in Cadre Holdings, Inc. $CDRE

Key Points

• Greenhouse Funds LLLP has decreased its position in Cadre Holdings, Inc. by 3.3% during the first quarter, now holding approximately 2,529,967 shares, which equates to about 3.5% of their investment portfolio.
• CEO Warren B. Kanders sold 25,000 shares of Cadre stock for $819,500, bringing his ownership to over 10 million shares valued at approximately $334.89 million.
• Cadre Holdings recently declared a quarterly dividend of $0.095 per share, with a projected annualized yield of 1.2% and a payout ratio of 40.43%.

Greenhouse Funds LLLP decreased its position in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,529,967 shares of the company's stock after selling 86,761 shares during the period. Cadre accounts for approximately 3.5% of Greenhouse Funds LLLP's investment portfolio, making the stock its 14th largest position. Greenhouse Funds LLLP owned 6.22% of Cadre worth $74,912,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Cadre by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 1,432,441 shares of the company's stock valued at $42,415,000 after buying an additional 41,476 shares during the last quarter. WCM Investment Management LLC lifted its stake in shares of Cadre by 38.6% in the first quarter. WCM Investment Management LLC now owns 536,843 shares of the company's stock valued at $15,611,000 after purchasing an additional 149,551 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Cadre by 9.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 505,711 shares of the company's stock valued at $16,334,000 after purchasing an additional 44,785 shares during the period. Northern Trust Corp raised its position in Cadre by 14.9% during the first quarter. Northern Trust Corp now owns 344,693 shares of the company's stock worth $10,206,000 after acquiring an additional 44,588 shares during the last quarter. Finally, Old West Investment Management LLC raised its position in Cadre by 1.3% during the first quarter. Old West Investment Management LLC now owns 215,636 shares of the company's stock worth $6,385,000 after acquiring an additional 2,706 shares during the last quarter. 43.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Cadre news, CEO Warren B. Kanders sold 25,000 shares of Cadre stock in a transaction on 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 owned 10,216,192 shares in the company, valued at $334,886,773.76. The trade was a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 125,000 shares of company stock worth $4,167,500 in the last 90 days. 31.50% of the stock is owned by insiders.

Cadre Stock Performance

Shares of CDRE opened at $30.46 on Thursday. The firm has a 50-day moving average price of $31.60 and a 200 day moving average price of $32.17. The firm has a market capitalization of $1.24 billion, a PE ratio of 32.41, a P/E/G ratio of 1.13 and a beta of 1.30. The company has a quick ratio of 2.56, a current ratio of 3.59 and a debt-to-equity ratio of 0.90. Cadre Holdings, Inc. has a 52-week low of $27.07 and a 52-week high of $40.28.

Cadre (NYSE:CDRE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.05. The company had revenue of $157.11 million during the quarter, compared to analyst estimates of $153.23 million. Cadre had a net margin of 6.65% and a return on equity of 12.08%. The business's quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 earnings per share. Cadre has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CDRE. Wall Street Zen downgraded shares of Cadre from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Bank of America downgraded shares of Cadre from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock from $38.00 to $26.00 in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Cadre has an average rating of "Hold" and an average price target of $31.50.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.