Petrus Trust Company LTA Takes $843,000 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 shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 28,476 shares of the company's stock, valued at approximately $843,000. Petrus Trust Company LTA owned about 0.07% of Cadre as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in CDRE. Pembroke Management LTD purchased a new position in shares of Cadre during the first quarter valued at approximately $5,039,000. WCM Investment Management LLC lifted its holdings 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 purchasing an additional 149,551 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Cadre by 38.8% during the fourth quarter. Northern Trust Corp now owns 300,105 shares of the company's stock valued at $9,693,000 after purchasing an additional 83,903 shares during the last quarter. Nuveen LLC purchased a new position in shares of Cadre during the first quarter valued at approximately $1,648,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Cadre by 9.7% during 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 last quarter. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CDRE. Bank of America lowered shares of Cadre from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $38.00 to $26.00 in a report on Wednesday, August 13th. Wall Street Zen cut 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.com, Cadre has a consensus rating of "Hold" and an average price target of $31.50.

Cadre Stock Performance

NYSE:CDRE traded down $0.56 during trading hours on Tuesday, reaching $31.31. The company had a trading volume of 119,202 shares, compared to its average volume of 284,008. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 33.31, a PEG ratio of 1.17 and a beta of 1.30. The company has a current ratio of 3.59, a quick ratio of 2.56 and a debt-to-equity ratio of 0.90. The firm's 50 day moving average price is $31.58 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 announced its earnings results 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 business 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 company's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 EPS. Cadre has set its FY 2025 guidance at EPS. On average, analysts forecast that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Dividend Announcement

The business also recently announced 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%.

Insiders Place Their Bets

In other Cadre news, CEO Warren B. Kanders sold 25,000 shares of the business's 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 completion of the sale, the chief executive officer directly owned 10,216,192 shares in the company, valued at approximately $334,886,773.76. The trade was a 0.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 125,000 shares of company stock worth $4,167,500. 31.50% of the stock is currently owned by insiders.

Cadre Company 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.