Natixis Advisors LLC Acquires 2,371 Shares of Cadre Holdings, Inc. (NYSE:CDRE)

Natixis Advisors LLC increased its holdings in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 19.7% in the first quarter, Holdings Channel.com reports. The firm owned 14,429 shares of the company’s stock after purchasing an additional 2,371 shares during the quarter. Natixis Advisors LLC’s holdings in Cadre were worth $427,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CDRE. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Cadre by 37.7% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,221 shares of the company’s stock valued at $125,000 after buying an additional 1,155 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Cadre by 50.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 4,800 shares of the company’s stock worth $155,000 after buying an additional 1,600 shares during the period. XTX Topco Ltd bought a new position in shares of Cadre in the first quarter worth $209,000. Rafferty Asset Management LLC increased its position in shares of Cadre by 4.7% in the fourth quarter. Rafferty Asset Management LLC now owns 6,653 shares of the company’s stock worth $215,000 after purchasing an additional 299 shares during the period. Finally, ProShare Advisors LLC bought a new position in Cadre in the fourth quarter valued at about $237,000. 43.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CDRE shares. Wall Street Zen cut Cadre from a “buy” rating to a “hold” rating in a research report on Saturday. Bank of America lowered Cadre from a “buy” rating to a “neutral” rating and cut their price target for the company from $45.00 to $38.00 in a research note on Friday, June 13th.

Cadre Price Performance

Cadre stock opened at $28.48 on Tuesday. The stock’s 50 day moving average is $32.94 and its 200 day moving average is $32.93. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.59 and a quick ratio of 2.56. The firm has a market cap of $1.16 billion, a P/E ratio of 30.30, a P/E/G ratio of 1.12 and a beta of 1.31. Cadre Holdings, Inc. has a one year low of $27.07 and a one year high of $40.28.

Cadre (NYSE:CDRE) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.25 by $0.05. The firm had revenue of $157.11 million during the quarter, compared to the consensus estimate of $153.23 million. Cadre had a return on equity of 12.08% and a net margin of 6.65%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.31 earnings per share. As a group, research analysts expect that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, August 1st. Cadre’s dividend payout ratio is 40.43%.

Insider Transactions at Cadre

In other news, CEO Warren B. Kanders sold 100,000 shares of the company’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $34.86, for a total transaction of $3,486,000.00. Following the transaction, the chief executive officer owned 10,716,192 shares of the company’s stock, valued at $373,566,453.12. This represents a 0.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders sold 275,000 shares of company stock valued at $9,309,000. 31.50% of the stock is owned by corporate 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.