Cadre Holdings, Inc. (NYSE:CDRE) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its holdings in Cadre Holdings, Inc. (NYSE:CDRE) by 28.3% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 161,036 shares of the company’s stock after buying an additional 35,476 shares during the period. Bank of New York Mellon Corp owned 0.40% of Cadre worth $5,404,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. 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. 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. Zimmer Partners LP purchased a new position in Cadre in the 1st quarter valued at $11,990,000. Lisanti Capital Growth LLC increased its stake in Cadre by 127.5% in the 1st quarter. Lisanti Capital Growth LLC now owns 145,915 shares of the company’s stock valued at $5,282,000 after buying an additional 81,780 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Cadre by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 144,674 shares of the company’s stock worth $4,758,000 after purchasing an additional 3,237 shares in the last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

Cadre Stock Up 1.7 %

CDRE opened at $35.03 on Friday. Cadre Holdings, Inc. has a 12 month low of $25.15 and a 12 month high of $39.81. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.17 and a quick ratio of 2.14. The business has a 50 day simple moving average of $35.46 and a 200-day simple moving average of $34.42. The stock has a market capitalization of $1.42 billion, a P/E ratio of 34.68, a P/E/G ratio of 2.00 and a beta of 1.28.

Cadre (NYSE:CDRE) last posted its earnings results on Friday, August 9th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. Cadre had a return on equity of 17.45% and a net margin of 7.55%. The company had revenue of $144.31 million for the quarter, compared to the consensus estimate of $142.06 million. During the same period in the previous year, the business earned $0.29 earnings per share. Cadre’s quarterly revenue was up 19.2% compared to the same quarter last year. On average, equities analysts anticipate that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were issued a dividend of $0.0875 per share. The ex-dividend date was Friday, August 2nd. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.00%. Cadre’s dividend payout ratio (DPR) is presently 34.65%.

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.