WCM Investment Management LLC Acquires 149,551 Shares of Cadre Holdings, Inc. (NYSE:CDRE)

WCM Investment Management LLC lifted its holdings in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 38.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 536,843 shares of the company's stock after purchasing an additional 149,551 shares during the period. WCM Investment Management LLC owned 1.32% of Cadre worth $15,611,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. increased its stake in shares of Cadre by 24.2% in the first quarter. Oppenheimer Asset Management Inc. now owns 17,526 shares of the company's stock worth $519,000 after purchasing an additional 3,417 shares during the period. LVZ Inc. raised its holdings in shares of Cadre by 13.1% in the 1st quarter. LVZ Inc. now owns 11,494 shares of the company's stock worth $340,000 after buying an additional 1,330 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Cadre by 212.3% during the 1st quarter. SG Americas Securities LLC now owns 9,690 shares of the company's stock worth $287,000 after buying an additional 6,587 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Cadre by 13.9% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 28,482 shares of the company's stock valued at $843,000 after purchasing an additional 3,479 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Cadre by 4.1% in the first quarter. Rhumbline Advisers now owns 36,058 shares of the company's stock valued at $1,068,000 after buying an additional 1,415 shares in the last quarter. Institutional investors and hedge funds own 43.95% of the company's stock.

Insider Activity at Cadre

In related news, CEO Warren B. Kanders sold 25,000 shares of Cadre stock in a transaction that occurred 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 transaction, the chief executive officer owned 10,216,192 shares of the company's stock, valued at $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 can be accessed through this link. Over the last three months, insiders sold 275,000 shares of company stock valued at $9,309,000. Corporate insiders own 37.00% of the company's stock.

Cadre Trading Up 1.0%

NYSE CDRE traded up $0.31 during trading hours on Friday, hitting $32.22. The company's stock had a trading volume of 108,023 shares, compared to its average volume of 254,445. Cadre Holdings, Inc. has a twelve month low of $27.07 and a twelve month high of $40.28. The firm has a market capitalization of $1.31 billion, a P/E ratio of 33.92, a PEG ratio of 1.19 and a beta of 1.31. The company has a quick ratio of 2.57, a current ratio of 3.55 and a debt-to-equity ratio of 0.66. The stock has a fifty day moving average of $33.24 and a 200 day moving average of $33.25.

Cadre (NYSE:CDRE - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.10. Cadre had a return on equity of 12.52% and a net margin of 6.87%. The company had revenue of $130.11 million for the quarter, compared to the consensus estimate of $121.53 million. During the same quarter in the prior year, the business posted $0.18 EPS. The firm's quarterly revenue was down 5.6% on a year-over-year basis. Equities research analysts forecast that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Dividend Announcement

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

Analyst Ratings Changes

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

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.