WCM Investment Management LLC Has $15.61 Million Stock Position in Cadre Holdings, Inc. (NYSE:CDRE)

WCM Investment Management LLC increased its holdings in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 38.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 536,843 shares of the company's stock after purchasing an additional 149,551 shares during the quarter. WCM Investment Management LLC owned 1.32% of Cadre worth $15,611,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Principal Financial Group Inc. increased its position in shares of Cadre by 9.7% during the fourth quarter. Principal Financial Group Inc. now owns 20,177 shares of the company's stock worth $652,000 after acquiring an additional 1,787 shares in the last quarter. Truist Financial Corp boosted its stake in Cadre by 5.8% in the 4th quarter. Truist Financial Corp now owns 11,277 shares of the company's stock worth $364,000 after purchasing an additional 616 shares during the period. Bank of New York Mellon Corp increased its holdings in Cadre by 20.1% during the 4th quarter. Bank of New York Mellon Corp now owns 163,063 shares of the company's stock worth $5,267,000 after purchasing an additional 27,300 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Cadre by 31.5% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 14,109 shares of the company's stock worth $456,000 after buying an additional 3,377 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of Cadre by 10.6% during the 4th quarter. US Bancorp DE now owns 4,178 shares of the company's stock worth $135,000 after acquiring an additional 400 shares in the last quarter. 43.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cadre

In related news, CEO Warren B. Kanders sold 100,000 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $34.86, for a total value of $3,486,000.00. Following the sale, the chief executive officer owned 10,716,192 shares in the company, valued at approximately $373,566,453.12. This represents a 0.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 275,000 shares of company stock worth $9,309,000. Insiders own 37.00% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on CDRE shares. Wall Street Zen raised shares of Cadre from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Bank of America downgraded Cadre from a "buy" rating to a "neutral" rating and lowered their target price for the company from $45.00 to $38.00 in a research report on Friday, June 13th.

Cadre Stock Up 1.0%

Shares of NYSE:CDRE traded up $0.31 during midday trading on Thursday, hitting $32.22. The stock had a trading volume of 108,023 shares, compared to its average volume of 254,014. The company has a market cap of $1.31 billion, a P/E ratio of 33.92, a PEG ratio of 1.18 and a beta of 1.31. Cadre Holdings, Inc. has a 12 month low of $27.07 and a 12 month high of $40.28. The business's 50-day simple moving average is $33.21 and its 200-day simple moving average is $33.30. The company has a quick ratio of 2.57, a current ratio of 3.55 and a debt-to-equity ratio of 0.66.

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, beating 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 net margin of 6.87% and a return on equity of 12.52%. The company's quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS. On average, sell-side analysts forecast that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were given a $0.095 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.18%. Cadre's payout ratio is 40.00%.

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.