Oppenheimer Asset Management Inc. Invests $216,000 in Cadre Holdings, Inc. (NYSE:CDRE)

Oppenheimer Asset Management Inc. purchased a new position in Cadre Holdings, Inc. (NYSE:CDRE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,443 shares of the company’s stock, valued at approximately $216,000.

Several other institutional investors have also recently made changes to their positions in the company. Arizona State Retirement System increased its holdings in shares of Cadre by 16.8% in the second quarter. Arizona State Retirement System now owns 7,239 shares of the company’s stock worth $243,000 after purchasing an additional 1,041 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Cadre by 454.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,624 shares of the company’s stock worth $55,000 after purchasing an additional 1,331 shares during the period. New York State Teachers Retirement System increased its holdings in shares of Cadre by 1,640.0% in the first quarter. New York State Teachers Retirement System now owns 1,740 shares of the company’s stock worth $63,000 after purchasing an additional 1,640 shares during the period. California State Teachers Retirement System grew its position in Cadre by 11.5% in the first quarter. California State Teachers Retirement System now owns 22,234 shares of the company’s stock worth $805,000 after acquiring an additional 2,301 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Cadre by 18.7% in the second quarter. Principal Financial Group Inc. now owns 15,534 shares of the company’s stock worth $521,000 after acquiring an additional 2,442 shares in the last quarter. Institutional investors own 43.95% of the company’s stock.

Cadre Stock Up 1.7 %

Shares of NYSE:CDRE opened at $38.01 on Monday. Cadre Holdings, Inc. has a 52-week low of $25.66 and a 52-week high of $39.81. The firm has a fifty day moving average of $35.64 and a 200 day moving average of $34.42. The firm has a market capitalization of $1.54 billion, a PE ratio of 37.63, a price-to-earnings-growth ratio of 2.03 and a beta of 1.28. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.14 and a current ratio of 3.17.

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

Cadre Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were given a $0.0875 dividend. The ex-dividend date was Friday, August 2nd. This represents a $0.35 annualized dividend and a yield of 0.92%. Cadre’s dividend payout ratio (DPR) is presently 34.65%.

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.