Victory Capital Management Inc. Buys New Stake in Cadre Holdings, Inc. (NYSE:CDRE)

Victory Capital Management Inc. bought a new stake in Cadre Holdings, Inc. (NYSE:CDRE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 21,583 shares of the company’s stock, valued at approximately $697,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CDRE. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Cadre by 51.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,066 shares of the company’s stock valued at $99,000 after buying an additional 1,048 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Cadre in the 4th quarter valued at approximately $100,000. US Bancorp DE lifted its stake in Cadre by 10.6% in the 4th quarter. US Bancorp DE now owns 4,178 shares of the company’s stock valued at $135,000 after buying an additional 400 shares in the last quarter. Franklin Resources Inc. purchased a new stake in Cadre in the 3rd quarter valued at approximately $208,000. Finally, Intech Investment Management LLC purchased a new stake in Cadre in the 3rd quarter valued at approximately $220,000. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Cadre Price Performance

CDRE stock opened at $31.22 on Friday. Cadre Holdings, Inc. has a 1 year low of $29.19 and a 1 year high of $40.28. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01. The stock’s 50 day moving average price is $35.27 and its 200 day moving average price is $35.31. The firm has a market cap of $1.27 billion, a P/E ratio of 37.62, a PEG ratio of 1.58 and a beta of 1.30.

Cadre (NYSE:CDRE) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.16). Cadre had a return on equity of 12.88% and a net margin of 6.34%. The business had revenue of $175.98 million for the quarter, compared to analysts’ expectations of $170.95 million. During the same period in the prior year, the company earned $0.25 EPS. The company’s revenue for the quarter was up 41.3% compared to the same quarter last year. On average, sell-side analysts expect that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a dividend of $0.095 per share. This is a boost from Cadre’s previous quarterly dividend of $0.09. The ex-dividend date was Friday, January 31st. This represents a $0.38 annualized dividend and a dividend yield of 1.22%. Cadre’s dividend payout ratio (DPR) is 42.22%.

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.