Marshall Wace LLP Has $5.43 Million Position in Cadre Holdings, Inc. (NYSE:CDRE)

Marshall Wace LLP lessened its stake in Cadre Holdings, Inc. (NYSE:CDRE) by 52.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 161,771 shares of the company’s stock after selling 180,081 shares during the period. Marshall Wace LLP’s holdings in Cadre were worth $5,429,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its position in Cadre by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 144,674 shares of the company’s stock worth $4,758,000 after purchasing an additional 3,237 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in Cadre in the 1st quarter valued at about $439,000. Allspring Global Investments Holdings LLC raised its holdings in Cadre by 624.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,546 shares of the company’s stock valued at $599,000 after acquiring an additional 14,263 shares during the period. New York State Teachers Retirement System increased its holdings in shares of Cadre by 1,640.0% during the first quarter. New York State Teachers Retirement System now owns 1,740 shares of the company’s stock worth $63,000 after purchasing an additional 1,640 shares during the period. Finally, Caas Capital Management LP bought a new position in shares of Cadre during the first quarter worth approximately $362,000. Institutional investors own 43.95% of the company’s stock.

Cadre Stock Performance

NYSE CDRE opened at $38.08 on Wednesday. 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 firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 37.70, a P/E/G ratio of 2.22 and a beta of 1.28. The firm’s 50 day simple moving average is $35.60 and its 200 day simple moving average is $34.40. Cadre Holdings, Inc. has a 1 year low of $26.13 and a 1 year high of $39.81.

Cadre (NYSE:CDRE) last issued its earnings results on Friday, August 9th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $142.06 million. During the same quarter last year, the business posted $0.29 earnings per share. The company’s quarterly revenue was up 19.2% on a year-over-year basis. As a group, research analysts expect that Cadre Holdings, Inc. will post 1.04 earnings per share for the current fiscal year.

Cadre Announces Dividend

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 dividend of $0.0875 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.92%. Cadre’s dividend payout ratio (DPR) is presently 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.