Sei Investments Co. boosted its holdings in shares of Cadre Holdings, Inc. (NYSE:CDRE – Free Report) by 20.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,554 shares of the company’s stock after purchasing an additional 1,777 shares during the period. Sei Investments Co.’s holdings in Cadre were worth $354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new position in shares of Cadre in the 2nd quarter valued at about $141,000. Old West Investment Management LLC raised its position in Cadre by 59.9% during the second quarter. Old West Investment Management LLC now owns 220,211 shares of the company’s stock valued at $7,390,000 after acquiring an additional 82,501 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Cadre by 22.5% in the second quarter. Renaissance Technologies LLC now owns 312,500 shares of the company’s stock valued at $10,488,000 after acquiring an additional 57,400 shares during the period. Dimensional Fund Advisors LP boosted its position in Cadre by 30.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 411,056 shares of the company’s stock worth $13,794,000 after purchasing an additional 95,233 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Cadre during the 2nd quarter worth approximately $216,000. 43.95% of the stock is owned by hedge funds and other institutional investors.
Cadre Stock Performance
CDRE opened at $39.84 on Friday. The firm has a fifty day moving average price of $35.93 and a 200 day moving average price of $34.60. Cadre Holdings, Inc. has a 1 year low of $27.24 and a 1 year high of $40.20. The stock has a market cap of $1.62 billion, a P/E ratio of 39.45, a P/E/G ratio of 2.22 and a beta of 1.28. 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 Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Friday, August 2nd. 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.
Further Reading
- Five stocks we like better than Cadre
- Quiet Period Expirations Explained
- MercadoLibre Targets Double-Digit Upside with Argentina Boom
- Dividend Capture Strategy: What You Need to Know
- Domino’s Pizza Stock Delivers: A Hot Buy for Growth Investors
- The How and Why of Investing in Gold Stocks
- 3 Small-Cap Stocks Ready to Deliver Significant Growth
Want to see what other hedge funds are holding CDRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cadre Holdings, Inc. (NYSE:CDRE – Free Report).
Receive News & Ratings for Cadre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cadre and related companies with MarketBeat.com's FREE daily email newsletter.