Oppenheimer Asset Management Inc. Boosts Position in Cadre Holdings, Inc. (NYSE:CDRE)

Oppenheimer Asset Management Inc. increased its position in Cadre Holdings, Inc. (NYSE:CDRE) by 66.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,732 shares of the company’s stock after acquiring an additional 4,289 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Cadre were worth $407,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Arizona State Retirement System raised its holdings in shares of Cadre by 16.8% in the 2nd quarter. Arizona State Retirement System now owns 7,239 shares of the company’s stock valued at $243,000 after acquiring an additional 1,041 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in Cadre by 454.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,624 shares of the company’s stock valued at $55,000 after acquiring an additional 1,331 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Cadre by 9.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 19,364 shares of the company’s stock valued at $735,000 after purchasing an additional 1,721 shares in the last quarter. Sei Investments Co. lifted its stake in Cadre by 20.2% during the second quarter. Sei Investments Co. now owns 10,554 shares of the company’s stock worth $354,000 after purchasing an additional 1,777 shares during the last quarter. Finally, California State Teachers Retirement System boosted its holdings in shares of Cadre by 11.5% in the 1st quarter. California State Teachers Retirement System now owns 22,234 shares of the company’s stock worth $805,000 after purchasing an additional 2,301 shares in the last quarter. Institutional investors own 43.95% of the company’s stock.

Insider Transactions at Cadre

In related news, CEO Warren B. Kanders sold 7,964 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $32.09, for a total value of $255,564.76. Following the completion of the sale, the chief executive officer now owns 11,899,247 shares of the company’s stock, valued at $381,846,836.23. This trade represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 37.00% of the stock is currently owned by company insiders.

Cadre Trading Up 3.1 %

NYSE CDRE opened at $31.95 on Wednesday. The stock has a 50-day moving average of $36.67 and a 200-day moving average of $34.93. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65. Cadre Holdings, Inc. has a 1-year low of $29.18 and a 1-year high of $40.28. The firm has a market cap of $1.30 billion, a PE ratio of 38.49, a price-to-earnings-growth ratio of 1.92 and a beta of 1.30.

Cadre (NYSE:CDRE) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The firm had revenue of $109.41 million during the quarter, compared to analyst estimates of $126.27 million. During the same quarter in the prior year, the firm posted $0.29 earnings per share. The business’s quarterly revenue was down 12.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Friday, November 1st. Cadre’s dividend payout ratio (DPR) is 42.17%.

Analyst Upgrades and Downgrades

Separately, Roth Mkm cut their target price on Cadre from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $39.75.

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.