AQR Capital Management LLC Sells 1,183 Shares of Cadre Holdings, Inc. (NYSE:CDRE)

AQR Capital Management LLC lowered its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 7.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,663 shares of the company’s stock after selling 1,183 shares during the period. AQR Capital Management LLC’s holdings in Cadre were worth $492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Zimmer Partners LP purchased a new stake in shares of Cadre during the 1st quarter valued at about $11,990,000. Vanguard Group Inc. raised its position in Cadre by 21.2% during the first quarter. Vanguard Group Inc. now owns 1,180,212 shares of the company’s stock valued at $42,724,000 after purchasing an additional 206,564 shares during the period. Price T Rowe Associates Inc. MD lifted 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 valued at $16,671,000 after purchasing an additional 113,722 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of 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 during the period. Finally, Old West Investment Management LLC increased its position in shares of Cadre by 59.9% during the 2nd quarter. Old West Investment Management LLC now owns 220,211 shares of the company’s stock valued at $7,390,000 after purchasing an additional 82,501 shares during the last quarter. 43.95% of the stock is owned by institutional investors.

Cadre Stock Performance

NYSE:CDRE opened at $38.52 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.14 and a current ratio of 3.17. The stock’s fifty day moving average is $36.16 and its 200 day moving average is $34.64. The firm has a market capitalization of $1.56 billion, a PE ratio of 38.14, a PEG ratio of 2.38 and a beta of 1.28. Cadre Holdings, Inc. has a fifty-two week low of $27.34 and a fifty-two week high of $40.28.

Cadre (NYSE:CDRE) last released 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 firm had revenue of $144.31 million during the quarter, compared to analyst estimates of $142.06 million. During the same quarter last year, the business earned $0.29 EPS. The business’s revenue was up 19.2% on a year-over-year basis. On average, sell-side analysts anticipate that Cadre Holdings, Inc. will post 1.04 earnings per share for the current year.

Cadre Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were issued a $0.0875 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $0.35 annualized dividend and a dividend yield of 0.91%. 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.