Ghisallo Capital Management LLC Reduces Stock Position in Cadre Holdings, Inc. (NYSE:CDRE)

Ghisallo Capital Management LLC lowered its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 54.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,570 shares of the company’s stock after selling 100,000 shares during the quarter. Ghisallo Capital Management LLC owned approximately 0.21% of Cadre worth $2,838,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Zimmer Partners LP acquired a new position in Cadre in the first quarter valued at approximately $11,990,000. Vanguard Group Inc. boosted its position in shares of Cadre by 21.2% during the first quarter. Vanguard Group Inc. now owns 1,180,212 shares of the company’s stock worth $42,724,000 after buying an additional 206,564 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Cadre by 32.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 460,500 shares of the company’s stock worth $16,671,000 after buying an additional 113,722 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Cadre by 30.2% during the second quarter. Dimensional Fund Advisors LP now owns 411,056 shares of the company’s stock worth $13,794,000 after buying an additional 95,233 shares during the period. Finally, Old West Investment Management LLC boosted its position in shares of Cadre by 59.9% during the second quarter. Old West Investment Management LLC now owns 220,211 shares of the company’s stock worth $7,390,000 after buying an additional 82,501 shares during the period. Institutional investors own 43.95% of the company’s stock.

Cadre Stock Performance

Shares of NYSE CDRE opened at $38.08 on Wednesday. Cadre Holdings, Inc. has a 12-month low of $26.13 and a 12-month high of $39.81. The company has a market cap of $1.55 billion, a PE ratio of 37.70, a P/E/G ratio of 2.22 and a beta of 1.28. The stock has a 50 day simple moving average of $35.60 and a 200-day simple moving average of $34.40. The company has a current ratio of 3.17, a quick ratio of 2.14 and a debt-to-equity ratio of 0.66.

Cadre (NYSE:CDRE) last posted its quarterly earnings results on Friday, August 9th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. Cadre had a return on equity of 17.45% and a net margin of 7.55%. The company had revenue of $144.31 million for the quarter, compared to analysts’ expectations of $142.06 million. During the same quarter in the prior year, the company earned $0.29 earnings per share. The firm’s revenue was up 19.2% on a year-over-year basis. On average, equities research analysts forecast that Cadre Holdings, Inc. will post 1.04 EPS for the current year.

Cadre Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders 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 0.92%. The ex-dividend date was Friday, August 2nd. Cadre’s dividend payout ratio (DPR) 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.