Rhumbline Advisers Buys 8,502 Shares of Cadre Holdings, Inc. (NYSE:CDRE)

Rhumbline Advisers grew its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 32.6% in the second quarter, HoldingsChannel.com reports. The firm owned 34,568 shares of the company’s stock after purchasing an additional 8,502 shares during the period. Rhumbline Advisers’ holdings in Cadre were worth $1,160,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Cadre by 21.2% in the 1st quarter. Vanguard Group Inc. now owns 1,180,212 shares of the company’s stock worth $42,724,000 after buying an additional 206,564 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Cadre by 32.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 460,500 shares of the company’s stock worth $16,671,000 after buying an additional 113,722 shares during the last quarter. Zimmer Partners LP purchased a new position in shares of Cadre in the 1st quarter worth approximately $11,990,000. Bank of New York Mellon Corp boosted its stake in shares of Cadre by 28.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 161,036 shares of the company’s stock worth $5,404,000 after buying an additional 35,476 shares during the last quarter. Finally, Lisanti Capital Growth LLC boosted its stake in shares of Cadre by 127.5% in the 1st quarter. Lisanti Capital Growth LLC now owns 145,915 shares of the company’s stock worth $5,282,000 after buying an additional 81,780 shares during the last quarter. 43.95% of the stock is owned by institutional investors.

Cadre Price Performance

Cadre stock opened at $38.01 on Monday. Cadre Holdings, Inc. has a 12 month low of $25.66 and a 12 month high of $39.81. The company has a current ratio of 3.17, a quick ratio of 2.14 and a debt-to-equity ratio of 0.66. The business’s 50 day simple moving average is $35.64 and its 200 day simple moving average is $34.42. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 37.63, a PEG ratio of 2.03 and a beta of 1.28.

Cadre (NYSE:CDRE) last posted its quarterly earnings data on Friday, August 9th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. Cadre had a return on equity of 17.45% and a net margin of 7.55%. The business had revenue of $144.31 million for the quarter, compared to the consensus estimate of $142.06 million. During the same quarter in the prior year, the business earned $0.29 earnings per share. Cadre’s revenue for the quarter was up 19.2% on a year-over-year basis. Sell-side analysts forecast that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Announces Dividend

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

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.