Petrus Trust Company LTA Buys New Position in Cadre Holdings, Inc. $CDRE

Key Points

• Petrus Trust Company LTA invested approximately $843,000 in Cadre Holdings, acquiring 28,476 shares, representing a 0.07% ownership of the company.
• Cadre's stock recently reported a quarterly earnings per share (EPS) of $0.30, exceeding expectations, with revenues rising 8.9% year-over-year to $157.11 million.
• The company announced a quarterly dividend of $0.095, yielding about 1.2%, with a payout ratio of 40.43%.

Petrus Trust Company LTA bought a new stake in 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. The institutional investor bought 28,476 shares of the company's stock, valued at approximately $843,000. Petrus Trust Company LTA owned approximately 0.07% of Cadre as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Pembroke Management LTD acquired a new position in Cadre in the 1st quarter valued at about $5,039,000. WCM Investment Management LLC lifted its stake in shares of Cadre by 38.6% during the first quarter. WCM Investment Management LLC now owns 536,843 shares of the company's stock valued at $15,611,000 after buying an additional 149,551 shares during the period. Northern Trust Corp boosted its position in Cadre by 38.8% during the fourth quarter. Northern Trust Corp now owns 300,105 shares of the company's stock worth $9,693,000 after acquiring an additional 83,903 shares during the last quarter. Nuveen LLC purchased a new stake in Cadre in the 1st quarter worth approximately $1,648,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Cadre by 9.7% during 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. Institutional investors and hedge funds own 43.95% of the company's stock.

Insider Activity

In other news, CEO Warren B. Kanders sold 25,000 shares of the firm's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $32.78, for a total value of $819,500.00. Following the transaction, the chief executive officer owned 10,216,192 shares of the company's stock, valued at approximately $334,886,773.76. This trade represents a 0.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 125,000 shares of company stock valued at $4,167,500 over the last ninety days. 31.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

Cadre Trading Up 3.2%

CDRE stock traded up $0.99 during trading on Thursday, reaching $32.49. 177,658 shares of the stock traded hands, compared to its average volume of 288,071. The firm has a market capitalization of $1.32 billion, a PE ratio of 34.57, a P/E/G ratio of 1.15 and a beta of 1.30. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.59 and a quick ratio of 2.56. The business's 50 day moving average price is $31.57 and its 200-day moving average price is $32.06. 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 released its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.05. The business had revenue of $157.11 million for the quarter, compared to analyst estimates of $153.23 million. Cadre had a return on equity of 12.08% and a net margin of 6.65%.The company's revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 EPS. Cadre has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Dividend Announcement

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

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.