Liontrust Investment Partners LLP Makes New $607,000 Investment in Cadre Holdings, Inc. $CDRE

Key Points

• Liontrust Investment Partners LLP acquired a new stake in Cadre Holdings, purchasing 20,496 shares valued at approximately $607,000, representing about 0.05% of the company.
• CEO Warren B. Kanders sold 25,000 shares for $819,500, resulting in a 0.24% decrease in his ownership of company stock.
• Cadre Holdings announced a quarterly dividend of $0.095 per share, yielding approximately 1.3%, with a payout ratio currently at 40.43%.

Liontrust Investment Partners LLP purchased a new stake in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 20,496 shares of the company's stock, valued at approximately $607,000. Liontrust Investment Partners LLP owned approximately 0.05% of Cadre at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital International Investors lifted its position in shares of Cadre by 118.4% during the 4th quarter. Capital International Investors now owns 1,981,602 shares of the company's stock worth $64,006,000 after buying an additional 1,074,471 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Cadre by 3.0% during the first quarter. Vanguard Group Inc. now owns 1,432,441 shares of the company's stock valued at $42,415,000 after acquiring an additional 41,476 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Cadre by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 586,255 shares of the company's stock worth $18,941,000 after acquiring an additional 2,577 shares during the period. WCM Investment Management LLC grew its stake in Cadre by 38.6% in the 1st 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. Finally, Dimensional Fund Advisors LP grew 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 valued at $16,334,000 after purchasing an additional 44,785 shares during the period. 43.95% of the stock is owned by institutional investors.

Cadre Price Performance

Shares of CDRE stock traded up $0.2290 during trading hours on Thursday, reaching $29.4890. The stock had a trading volume of 41,766 shares, compared to its average volume of 293,677. The stock's fifty day simple moving average is $32.22 and its 200 day simple moving average is $32.55. The firm has a market capitalization of $1.20 billion, a PE ratio of 31.38, a PEG ratio of 1.08 and a beta of 1.31. Cadre Holdings, Inc. has a 12 month low of $27.07 and a 12 month high of $40.28. The company has a current ratio of 3.59, a quick ratio of 2.56 and a debt-to-equity ratio of 0.90.

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

Cadre Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, August 1st. Cadre's payout ratio is presently 40.43%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in 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 cut shares of Cadre from a "neutral" rating to an "underperform" rating and lowered their price target for the stock from $38.00 to $26.00 in a report on Wednesday, August 13th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Cadre has an average rating of "Hold" and a consensus price target of $31.50.

Insiders Place Their Bets

In other Cadre news, CEO Warren B. Kanders sold 50,000 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer owned 10,241,192 shares of the company's stock, valued at $338,061,747.92. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders sold 175,000 shares of company stock valued at $5,823,000. 31.50% of the stock is owned by corporate insiders.

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.