Navellier & Associates Inc. Takes Position in Cadre Holdings, Inc. (NYSE:CDRE)

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

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new position in shares of Cadre during the 3rd quarter worth about $220,000. Advisors Asset Management Inc. grew its holdings in Cadre by 62.2% during the third quarter. Advisors Asset Management Inc. now owns 29,582 shares of the company’s stock worth $1,123,000 after purchasing an additional 11,342 shares during the period. Oppenheimer Asset Management Inc. increased its position in Cadre by 66.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 10,732 shares of the company’s stock worth $407,000 after buying an additional 4,289 shares during the last quarter. Principal Financial Group Inc. raised its stake in Cadre by 18.4% in the third quarter. Principal Financial Group Inc. now owns 18,390 shares of the company’s stock valued at $698,000 after buying an additional 2,856 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of Cadre by 9.8% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 19,364 shares of the company’s stock valued at $735,000 after buying an additional 1,721 shares during the last quarter. 43.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Cadre Trading Up 2.1 %

Shares of CDRE stock opened at $33.48 on Friday. Cadre Holdings, Inc. has a 12-month low of $29.18 and a 12-month high of $40.28. The company has a market capitalization 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. The firm has a 50 day moving average price of $36.54 and a two-hundred day moving average price of $34.89. The company has a quick ratio of 1.96, a current ratio of 3.01 and a debt-to-equity ratio of 0.65.

Cadre (NYSE:CDRE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. The business had revenue of $109.41 million during the quarter, compared to analysts’ expectations of $126.27 million. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The firm’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same period last year, the firm posted $0.29 EPS. As a group, analysts predict 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, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Friday, November 1st. Cadre’s dividend payout ratio is 42.17%.

Insider Buying and Selling

In related news, CEO Warren B. Kanders sold 7,964 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $32.09, for a total transaction of $255,564.76. Following the sale, the chief executive officer now owns 11,899,247 shares of the company’s stock, valued at $381,846,836.23. This represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 37.00% of the stock is owned by insiders.

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.