Freedom Investment Management Inc. Acquires New Position in Cadre Holdings, Inc. (NYSE:CDRE)

Freedom Investment Management Inc. bought a new position in shares of Cadre Holdings, Inc. (NYSE:CDRE) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 13,155 shares of the company’s stock, valued at approximately $499,000.

A number of other hedge funds have also bought and sold shares of CDRE. Vanguard Group Inc. lifted its position in Cadre by 21.2% during the 1st 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 during the period. Loomis Sayles & Co. L P raised its stake in shares of Cadre by 21.6% in the third quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock worth $35,701,000 after purchasing an additional 167,214 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Cadre by 32.8% during the first 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 during the period. Dimensional Fund Advisors LP boosted its position in Cadre by 30.2% in the second quarter. Dimensional Fund Advisors LP now owns 411,056 shares of the company’s stock valued at $13,794,000 after buying an additional 95,233 shares during the last quarter. Finally, Old West Investment Management LLC increased its holdings 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 buying an additional 82,501 shares during the period. Institutional investors and hedge funds own 43.95% of the company’s stock.

Insider Buying and Selling

In other news, Director Nicolas Sokolow sold 1,095 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $34.10, for a total transaction of $37,339.50. Following the completion of the sale, the director now owns 83,208 shares of the company’s stock, valued at $2,837,392.80. The trade was a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Warren B. Kanders sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $33.55, for a total transaction of $1,677,500.00. Following the completion of the transaction, the chief executive officer now directly owns 11,682,211 shares in the company, valued at $391,938,179.05. This represents a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 114,059 shares of company stock valued at $3,770,654. 37.00% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Cadre Stock Down 0.2 %

Shares of CDRE stock opened at $33.39 on Friday. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65. Cadre Holdings, Inc. has a twelve month low of $29.18 and a twelve month high of $40.28. The stock has a 50 day moving average of $36.29 and a 200 day moving average of $34.94. The stock has a market cap of $1.36 billion, a P/E ratio of 40.23, a P/E/G ratio of 1.98 and a beta of 1.30.

Cadre (NYSE:CDRE) last posted its 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 analysts’ expectations of $126.27 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The business’s revenue was down 12.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 EPS. As a group, sell-side analysts expect that Cadre Holdings, Inc. will post 1.05 EPS 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 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 dividend payout ratio is presently 42.17%.

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.