Navellier & Associates Inc. Makes New $378,000 Investment in Cadre Holdings, Inc. (NYSE:CDRE)

Navellier & Associates Inc. bought a new stake in Cadre Holdings, Inc. (NYSE:CDRE) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,948 shares of the company’s stock, valued at approximately $378,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Cadre by 21.2% during the first quarter. Vanguard Group Inc. now owns 1,180,212 shares of the company’s stock worth $42,724,000 after acquiring an additional 206,564 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Cadre by 32.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 460,500 shares of the company’s stock worth $16,671,000 after purchasing an additional 113,722 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Cadre by 30.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 411,056 shares of the company’s stock valued at $13,794,000 after purchasing an additional 95,233 shares during the last quarter. Fred Alger Management LLC lifted its stake in Cadre by 19.6% in the 2nd quarter. Fred Alger Management LLC now owns 393,638 shares of the company’s stock valued at $13,210,000 after purchasing an additional 64,543 shares during the last quarter. Finally, Zimmer Partners LP acquired a new stake in Cadre in the first quarter valued at approximately $11,990,000. Institutional investors own 43.95% of the company’s stock.

Cadre Stock Up 2.1 %

Shares of NYSE CDRE opened at $33.48 on Friday. The company has a 50 day simple moving average of $36.54 and a 200 day simple moving average of $34.89. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.01 and a quick ratio of 1.96. Cadre Holdings, Inc. has a 1 year low of $29.18 and a 1 year high of $40.28. The firm has a market cap of $1.36 billion, a PE ratio of 40.34, a price-to-earnings-growth ratio of 1.89 and a beta of 1.30.

Cadre (NYSE:CDRE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.03. The firm had revenue of $109.41 million during the quarter, compared to the consensus estimate of $126.27 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The company’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 earnings per share. On average, research analysts forecast that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.0875 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.35 annualized dividend and a dividend yield of 1.05%. Cadre’s payout ratio is 42.17%.

Insider Transactions at Cadre

In other Cadre news, CEO Warren B. Kanders sold 7,964 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $32.09, for a total transaction of $255,564.76. Following the completion of the sale, the chief executive officer now owns 11,899,247 shares of the company’s stock, valued at approximately $381,846,836.23. This represents a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 37.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Roth Mkm dropped their price target on Cadre from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.75.

About Cadre

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.