Pembroke Management LTD Acquires New Holdings in Cadre Holdings, Inc. $CDRE

Key Points

• Pembroke Management LTD acquired a new stake in Cadre Holdings, Inc., purchasing 170,177 shares valued at approximately $5,039,000, representing a 0.42% ownership in the company.
• Cadre's CEO, Warren B. Kanders, recently sold 50,000 shares for $1,650,500, leading to a slight decrease in his overall ownership of the company's stock.
• Research analysts have downgraded Cadre's rating from "neutral" to "underperform," with a new price objective of $26.00, compared to the previous target of $38.00.

Pembroke Management LTD acquired a new stake in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 170,177 shares of the company's stock, valued at approximately $5,039,000. Pembroke Management LTD owned approximately 0.42% of Cadre at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. State of Wyoming bought a new stake in Cadre during the first quarter valued at about $69,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in Cadre by 37.7% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,221 shares of the company's stock valued at $125,000 after purchasing an additional 1,155 shares in the last quarter. Rafferty Asset Management LLC boosted its position in Cadre by 4.7% during the fourth quarter. Rafferty Asset Management LLC now owns 6,653 shares of the company's stock valued at $215,000 after purchasing an additional 299 shares in the last quarter. XTX Topco Ltd bought a new stake in Cadre during the first quarter valued at about $209,000. Finally, ProShare Advisors LLC bought a new stake in Cadre during the fourth quarter valued at about $237,000. Institutional investors own 43.95% of the company's stock.

Insider Activity

In other 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 completion of the transaction, the chief executive officer directly owned 10,241,192 shares in the company, valued at $338,061,747.92. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 125,000 shares of company stock valued at $4,167,500 in the last three months. Company insiders own 31.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CDRE shares. Bank of America downgraded Cadre from a "neutral" rating to an "underperform" rating and dropped their price objective for the company from $38.00 to $26.00 in a research report on Wednesday, August 13th. Wall Street Zen downgraded Cadre from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $31.50.

Cadre Trading Down 0.4%

Cadre stock opened at $30.88 on Friday. The stock has a 50-day moving average of $31.75 and a two-hundred day moving average of $32.31. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.56 and a current ratio of 3.59. Cadre Holdings, Inc. has a one year low of $27.07 and a one year high of $40.28. The stock has a market cap of $1.26 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 1.14 and a beta of 1.31.

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

Cadre Announces Dividend

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

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.

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