Two Sigma Investments LP Purchases Shares of 18,885 Cadre Holdings, Inc. (NYSE:CDRE)

Two Sigma Investments LP acquired a new stake in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 18,885 shares of the company's stock, valued at approximately $610,000.

Several other hedge funds also recently modified their holdings of CDRE. FMR LLC lifted its stake in Cadre by 1.0% in the fourth quarter. FMR LLC now owns 4,574,470 shares of the company's stock valued at $147,755,000 after acquiring an additional 44,469 shares during the last quarter. Capital International Investors lifted 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 valued at $64,006,000 after purchasing an additional 1,074,471 shares during the last quarter. Vanguard Group Inc. grew its holdings in Cadre by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 1,390,965 shares of the company's stock worth $44,928,000 after purchasing an additional 24,954 shares during the period. Loomis Sayles & Co. L P grew its holdings in Cadre by 11.3% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,047,097 shares of the company's stock worth $33,821,000 after purchasing an additional 106,366 shares during the period. Finally, Geode Capital Management LLC increased its position 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 buying an additional 2,577 shares during the last quarter. Institutional investors own 43.95% of the company's stock.

Insider Activity

In related news, CEO Warren B. Kanders sold 50,000 shares of Cadre stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $31.88, for a total transaction of $1,594,000.00. Following the sale, the chief executive officer now directly owns 10,866,192 shares of the company's stock, valued at approximately $346,414,200.96. The trade was a 0.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 200,000 shares of company stock worth $6,735,500. Insiders own 37.00% of the company's stock.

Cadre Stock Performance

Shares of CDRE stock traded up $0.15 during midday trading on Thursday, hitting $36.18. 259,252 shares of the company were exchanged, compared to its average volume of 254,290. Cadre Holdings, Inc. has a 52 week low of $27.07 and a 52 week high of $40.28. The firm has a market capitalization of $1.47 billion, a P/E ratio of 43.59, a PEG ratio of 1.58 and a beta of 1.36. The firm's 50 day moving average price is $32.21 and its two-hundred day moving average price is $33.48. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01.

Cadre (NYSE:CDRE - Get Free Report) last posted 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 firm had revenue of $130.11 million for the quarter, compared to analyst estimates of $121.53 million. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The company's revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the company earned $0.18 EPS. As a group, equities research analysts anticipate that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were paid a $0.095 dividend. The ex-dividend date was Friday, May 2nd. This represents a $0.38 annualized dividend and a dividend yield of 1.05%. Cadre's payout ratio is 40.00%.

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.