Cadre Holdings, Inc. (NYSE:CDRE) Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its holdings in shares of Cadre Holdings, Inc. (NYSE:CDRE) 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 (NYSE:CDRE) last issued its quarterly earnings data on Friday, August 9th. The company reported $0.31 earnings per share for the quarter, topping 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 business had revenue of $144.31 million during the quarter, compared to the consensus estimate of $142.06 million. During the same quarter in the prior year, the firm posted $0.29 earnings per share. The company’s revenue was up 19.2% compared to the same quarter last year. Equities research analysts anticipate that Cadre Holdings, Inc. will post 1.04 earnings per share for the current year.

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.