Natixis Advisors LLC Purchases New Position in Cadre Holdings, Inc. (NYSE:CDRE)

Natixis Advisors LLC bought a new stake in Cadre Holdings, Inc. (NYSE:CDRE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,058 shares of the company’s stock, valued at approximately $389,000.

Several other hedge funds also recently modified their holdings of the business. Intech Investment Management LLC acquired a new position in Cadre during the third quarter worth $220,000. Freedom Investment Management Inc. bought a new stake in shares of Cadre during the 3rd quarter worth about $499,000. Martingale Asset Management L P increased its holdings in shares of Cadre by 18.4% during the 3rd quarter. Martingale Asset Management L P now owns 32,794 shares of the company’s stock valued at $1,245,000 after acquiring an additional 5,105 shares during the last quarter. Fred Alger Management LLC raised its stake in shares of Cadre by 87.5% in the 3rd quarter. Fred Alger Management LLC now owns 738,121 shares of the company’s stock valued at $28,012,000 after acquiring an additional 344,483 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in Cadre by 16.8% in the 3rd quarter. Jane Street Group LLC now owns 34,144 shares of the company’s stock worth $1,296,000 after purchasing an additional 4,918 shares during the last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

Insider Buying and Selling at Cadre

In other Cadre news, CEO Warren B. Kanders sold 50,000 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $31.88, for a total value of $1,594,000.00. Following the completion of the sale, the chief executive officer now directly owns 10,866,192 shares of the company’s stock, valued at $346,414,200.96. This represents a 0.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 37.00% of the company’s stock.

Cadre Trading Up 0.9 %

Shares of CDRE stock opened at $30.64 on Friday. Cadre Holdings, Inc. has a 12 month low of $29.19 and a 12 month high of $40.28. The company has a market cap of $1.24 billion, a PE ratio of 36.92, a price-to-earnings-growth ratio of 1.58 and a beta of 1.30. 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 business’s 50 day moving average is $35.03 and its two-hundred day moving average is $35.20.

Cadre (NYSE:CDRE) last posted its earnings results on Tuesday, March 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.16). The firm had revenue of $175.98 million during the quarter, compared to analyst estimates of $170.95 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The business’s quarterly revenue was up 41.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 earnings per share. Equities analysts predict that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.095 per share. This is an increase from Cadre’s previous quarterly dividend of $0.09. The ex-dividend date was Friday, January 31st. This represents a $0.38 annualized dividend and a yield of 1.24%. Cadre’s dividend payout ratio is presently 42.22%.

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.