Eagle Asset Management Inc. Lowers Stock Holdings in Cadre Holdings, Inc. (NYSE:CDRE)

Eagle Asset Management Inc. reduced its position in Cadre Holdings, Inc. (NYSE:CDRE) by 18.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 253,531 shares of the company’s stock after selling 56,577 shares during the quarter. Eagle Asset Management Inc. owned 0.62% of Cadre worth $8,856,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in Cadre by 32.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 460,500 shares of the company’s stock worth $16,671,000 after buying an additional 113,722 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Cadre by 21.2% in the 1st quarter. Vanguard Group Inc. now owns 1,180,212 shares of the company’s stock valued at $42,724,000 after purchasing an additional 206,564 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Cadre by 28.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 161,036 shares of the company’s stock valued at $5,404,000 after purchasing an additional 35,476 shares during the last quarter. Old West Investment Management LLC raised its position in Cadre by 59.9% in the 2nd quarter. Old West Investment Management LLC now owns 220,211 shares of the company’s stock worth $7,390,000 after purchasing an additional 82,501 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Cadre by 30.2% in the second quarter. Dimensional Fund Advisors LP now owns 411,056 shares of the company’s stock worth $13,794,000 after purchasing an additional 95,233 shares during the last quarter. 43.95% of the stock is currently owned by institutional investors.

Insider Transactions at Cadre

In other Cadre news, CEO Warren B. Kanders sold 7,964 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 11,899,247 shares of the company’s stock, valued at approximately $381,846,836.23. The trade was a 0.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 37.00% of the company’s stock.

Cadre Stock Up 2.1 %

Shares of NYSE CDRE opened at $33.48 on Friday. The firm’s fifty day moving average is $36.54 and its 200 day moving average is $34.89. Cadre Holdings, Inc. has a 52 week low of $29.18 and a 52 week high of $40.28. The company has a quick ratio of 1.96, a current ratio of 3.01 and a debt-to-equity ratio of 0.65. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 40.34, a PEG ratio of 1.94 and a beta of 1.30.

Cadre (NYSE:CDRE) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The firm had revenue of $109.41 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.29 earnings per share. On average, equities research analysts expect that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $0.0875 dividend. This represents a $0.35 annualized dividend and a yield of 1.05%. The ex-dividend date was Friday, November 1st. Cadre’s dividend payout ratio (DPR) is currently 42.17%.

Analysts Set New Price Targets

Separately, Roth Mkm reduced their price objective 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 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.com, the company presently has an average rating of “Moderate Buy” and an average target price of $39.75.

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.