Cadre Holdings, Inc. (NYSE:CDRE) Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. reduced its position in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 22.5% during the first quarter, Holdings Channel.com reports. The fund owned 8,229 shares of the company’s stock after selling 2,387 shares during the quarter. Cadre accounts for approximately 1.5% of Mesirow Financial Investment Management Inc.’s investment portfolio, making the stock its 26th largest position. Mesirow Financial Investment Management Inc.’s holdings in Cadre were worth $298,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Lisanti Capital Growth LLC purchased a new stake in shares of Cadre in the 4th quarter valued at approximately $2,109,000. Oak Ridge Investments LLC purchased a new stake in shares of Cadre in the fourth quarter valued at $1,930,000. Jump Financial LLC acquired a new stake in shares of Cadre in the fourth quarter worth $980,000. Vanguard Group Inc. boosted its position in shares of Cadre by 2.0% in the third quarter. Vanguard Group Inc. now owns 931,296 shares of the company’s stock worth $24,819,000 after buying an additional 18,173 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Cadre by 624.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 16,546 shares of the company’s stock worth $599,000 after buying an additional 14,263 shares during the period. 43.95% of the stock is owned by institutional investors and hedge funds.

Cadre Stock Up 0.6 %

CDRE traded up $0.20 during trading on Wednesday, reaching $34.04. 80,568 shares of the stock traded hands, compared to its average volume of 258,352. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 33.49, a price-to-earnings-growth ratio of 1.94 and a beta of 1.29. Cadre Holdings, Inc. has a fifty-two week low of $21.42 and a fifty-two week high of $39.81. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.82 and a quick ratio of 1.82. The stock’s 50-day simple moving average is $32.46 and its two-hundred day simple moving average is $33.76.

Cadre (NYSE:CDRE) last posted its earnings results on Tuesday, May 7th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.07). Cadre had a net margin of 7.58% and a return on equity of 19.18%. The company had revenue of $137.86 million for the quarter, compared to the consensus estimate of $127.99 million. During the same quarter last year, the business earned $0.19 earnings per share. Cadre’s quarterly revenue was up 23.4% on a year-over-year basis. As a group, equities research analysts expect that Cadre Holdings, Inc. will post 1.07 EPS for the current year.

Cadre Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 3rd were paid a $0.0875 dividend. The ex-dividend date was Thursday, May 2nd. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.03%. Cadre’s payout ratio is presently 34.65%.

Insider Transactions at Cadre

In related news, Director Nicolas Sokolow sold 8,596 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $32.08, for a total transaction of $275,759.68. Following the transaction, the director now directly owns 547,620 shares in the company, valued at $17,567,649.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 49.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently commented on CDRE. Stifel Nicolaus raised their target price on Cadre from $33.00 to $34.00 and gave the stock a “hold” rating in a research report on Wednesday, March 6th. Roth Mkm reaffirmed a “buy” rating and issued a $43.00 target price (up previously from $38.00) on shares of Cadre in a research report on Wednesday, March 6th. Finally, B. Riley reaffirmed a “buy” rating and issued a $48.00 target price (up previously from $40.00) on shares of Cadre in a research report on Wednesday, March 6th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.25.

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.