Greenhouse Funds LLLP Decreases Stake 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 lowered its stake 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 & Exchange Commission. The firm owned 2,529,967 shares of the company's stock after selling 86,761 shares during the quarter. Cadre makes up 3.5% of Greenhouse Funds LLLP's investment portfolio, making the stock its 14th largest position. Greenhouse Funds LLLP owned about 6.22% of Cadre worth $74,912,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in CDRE. Dimensional Fund Advisors LP boosted its stake in Cadre by 9.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 505,711 shares of the company's stock worth $16,334,000 after purchasing an additional 44,785 shares during the period. Northern Trust Corp boosted its stake in Cadre by 38.8% in the 4th quarter. Northern Trust Corp now owns 300,105 shares of the company's stock worth $9,693,000 after purchasing an additional 83,903 shares during the period. BNP Paribas Financial Markets bought a new position in Cadre in the 4th quarter worth about $516,000. Bank of America Corp DE boosted its stake in Cadre by 31.0% in the 4th quarter. Bank of America Corp DE now owns 156,911 shares of the company's stock worth $5,068,000 after purchasing an additional 37,151 shares during the period. Finally, Deprince Race & Zollo Inc. raised its holdings in shares of Cadre by 93.2% in the 4th quarter. Deprince Race & Zollo Inc. now owns 61,887 shares of the company's stock valued at $1,999,000 after acquiring an additional 29,847 shares in the last quarter. Institutional investors own 43.95% of the company's stock.

Cadre Price Performance

Shares of NYSE CDRE traded down $0.53 during trading hours on Tuesday, reaching $31.34. 47,019 shares of the stock traded hands, compared to its average volume of 289,049. The company has a market capitalization of $1.27 billion, a P/E ratio of 33.31, a price-to-earnings-growth ratio of 1.18 and a beta of 1.31. 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. The company's 50-day simple moving average is $31.59 and its two-hundred day simple moving average is $32.07.

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

Cadre Announces Dividend

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

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wall Street Zen cut Cadre from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Bank of America cut Cadre from a "neutral" rating to an "underperform" rating and lowered their price target for the company from $38.00 to $26.00 in a report on Wednesday, August 13th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $31.50.

Insider Buying and Selling at Cadre

In other Cadre news, CEO Warren B. Kanders sold 50,000 shares of Cadre stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $33.01, for a total value of $1,650,500.00. Following the transaction, the chief executive officer directly owned 10,241,192 shares of the company's stock, valued at $338,061,747.92. The trade was a 0.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 125,000 shares of company stock worth $4,167,500. Company insiders own 31.50% of the company's stock.

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.