Cadre Holdings, Inc. (NYSE:CDRE) Shares Purchased by Arizona State Retirement System

Arizona State Retirement System raised its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 16.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,239 shares of the company’s stock after purchasing an additional 1,041 shares during the period. Arizona State Retirement System’s holdings in Cadre were worth $243,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Cadre by 21.2% in the first quarter. Vanguard Group Inc. now owns 1,180,212 shares of the company’s stock worth $42,724,000 after acquiring an additional 206,564 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Cadre by 32.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 460,500 shares of the company’s stock worth $16,671,000 after acquiring an additional 113,722 shares in the last quarter. Zimmer Partners LP acquired a new stake in shares of Cadre in the first quarter worth $11,990,000. Bank of New York Mellon Corp increased its position in shares of Cadre by 28.3% in the second quarter. Bank of New York Mellon Corp now owns 161,036 shares of the company’s stock worth $5,404,000 after acquiring an additional 35,476 shares in the last quarter. Finally, Lisanti Capital Growth LLC increased its position in shares of Cadre by 127.5% in the first quarter. Lisanti Capital Growth LLC now owns 145,915 shares of the company’s stock worth $5,282,000 after acquiring an additional 81,780 shares in the last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

Cadre Price Performance

Cadre stock opened at $36.42 on Wednesday. Cadre Holdings, Inc. has a 52-week low of $25.33 and a 52-week high of $39.81. The firm has a fifty day moving average of $35.55 and a 200-day moving average of $34.40. The firm has a market capitalization of $1.48 billion, a P/E ratio of 36.06, a PEG ratio of 2.03 and a beta of 1.28. The company has a quick ratio of 2.14, a current ratio of 3.17 and a debt-to-equity ratio of 0.66.

Cadre (NYSE:CDRE) last released its quarterly earnings data 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 company had revenue of $144.31 million during the quarter, compared to analyst estimates of $142.06 million. During the same quarter in the prior year, the business earned $0.29 earnings per share. The business’s quarterly revenue was up 19.2% compared to the same quarter last year. As a group, analysts predict that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were issued a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Friday, August 2nd. 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.