Renaissance Technologies LLC Buys 57,400 Shares of Cadre Holdings, Inc. (NYSE:CDRE)

Renaissance Technologies LLC boosted its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 22.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 312,500 shares of the company’s stock after purchasing an additional 57,400 shares during the period. Renaissance Technologies LLC’s holdings in Cadre were worth $10,488,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Arizona State Retirement System raised its position in 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 acquiring an additional 1,041 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its position in 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 acquiring an additional 1,331 shares during the period. New York State Teachers Retirement System raised its position in 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 acquiring an additional 1,640 shares during the period. California State Teachers Retirement System raised 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 during the period. Finally, Principal Financial Group Inc. raised 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 during the period. Institutional investors own 43.95% of the company’s stock.

Cadre Stock Down 1.8 %

Shares of CDRE stock opened at $37.32 on Tuesday. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 36.95, a PEG ratio of 2.03 and a beta of 1.28. Cadre Holdings, Inc. has a one year low of $25.91 and a one year high of $39.81. The company’s fifty day moving average price is $35.64 and its 200-day moving average price is $34.40. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.17 and a quick ratio of 2.14.

Cadre (NYSE:CDRE) last announced 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. The firm had revenue of $144.31 million for the quarter, compared to the consensus estimate of $142.06 million. Cadre had a net margin of 7.55% and a return on equity of 17.45%. The company’s revenue was up 19.2% on a year-over-year basis. During the same period last year, the firm earned $0.29 EPS. Sell-side analysts expect that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were given a dividend of $0.0875 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $0.35 annualized dividend and a dividend yield of 0.94%. Cadre’s payout ratio is 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.