Premier Fund Managers Ltd Purchases New Position in Cadre Holdings, Inc. (NYSE:CDRE)

Premier Fund Managers Ltd bought a new position in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,877 shares of the company's stock, valued at approximately $665,000. Premier Fund Managers Ltd owned 0.06% of Cadre at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Capital International Investors boosted its stake in Cadre by 118.4% in the 4th quarter. Capital International Investors now owns 1,981,602 shares of the company's stock worth $64,006,000 after purchasing an additional 1,074,471 shares during the period. Capital Research Global Investors acquired a new position in shares of Cadre during the 4th quarter valued at about $14,937,000. Raymond James Financial Inc. acquired a new stake in shares of Cadre in the fourth quarter worth $8,179,000. WCM Investment Management LLC boosted its holdings in shares of Cadre by 38.6% during the 1st quarter. WCM Investment Management LLC now owns 536,843 shares of the company's stock worth $15,611,000 after buying an additional 149,551 shares during the period. Finally, Northern Trust Corp grew its stake in Cadre by 38.8% in the 4th quarter. Northern Trust Corp now owns 300,105 shares of the company's stock valued at $9,693,000 after buying an additional 83,903 shares during the last quarter. 43.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CDRE. Bank of America lowered shares of Cadre from a "buy" rating to a "neutral" rating and cut their target price for the stock from $45.00 to $38.00 in a research report on Friday, June 13th. Wall Street Zen upgraded Cadre from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th.

Cadre Stock Performance

CDRE stock traded down $0.70 on Friday, reaching $32.37. 286,235 shares of the company were exchanged, compared to its average volume of 274,877. Cadre Holdings, Inc. has a 12 month low of $27.07 and a 12 month high of $40.28. The firm has a market capitalization of $1.32 billion, a PE ratio of 34.07, a PEG ratio of 1.21 and a beta of 1.31. The stock's fifty day moving average price is $33.16 and its 200 day moving average price is $33.29. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.55 and a quick ratio of 2.57.

Cadre (NYSE:CDRE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.10. The company had revenue of $130.11 million during the quarter, compared to the consensus estimate of $121.53 million. Cadre had a return on equity of 12.52% and a net margin of 6.87%. The company's quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the company earned $0.18 EPS. On average, research analysts anticipate that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 1st. Cadre's payout ratio is 40.00%.

Insider Transactions at Cadre

In other news, CEO Warren B. Kanders sold 25,000 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have sold 275,000 shares of company stock valued at $9,309,000. Insiders own 37.00% 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.