Marshall Wace LLP Reduces Position in Cadre Holdings, Inc. (NYSE:CDRE)

Marshall Wace LLP lessened its position in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 52.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 161,771 shares of the company’s stock after selling 180,081 shares during the quarter. Marshall Wace LLP owned about 0.40% of Cadre worth $5,429,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. increased its position in Cadre by 454.3% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,624 shares of the company’s stock worth $55,000 after buying an additional 1,331 shares in the last quarter. New York State Teachers Retirement System increased its position in 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 buying an additional 1,640 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Cadre during the second quarter worth $141,000. Oppenheimer Asset Management Inc. purchased a new position in Cadre during the second quarter worth $216,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Cadre during the first quarter worth $225,000. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

Cadre Stock Performance

Cadre stock opened at $38.08 on Wednesday. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 37.70, a PEG ratio of 2.22 and a beta of 1.28. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.14 and a current ratio of 3.17. Cadre Holdings, Inc. has a fifty-two week low of $26.13 and a fifty-two week high of $39.81. The stock has a fifty day moving average of $35.60 and a two-hundred day moving average of $34.40.

Cadre (NYSE:CDRE) last issued its quarterly earnings data on Friday, August 9th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the firm posted $0.29 earnings per share. The firm’s quarterly revenue was up 19.2% on a year-over-year basis. On average, analysts anticipate that Cadre Holdings, Inc. will post 1.04 EPS for the current fiscal year.

Cadre Announces Dividend

The business also recently announced 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. This represents a $0.35 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Friday, August 2nd. Cadre’s dividend payout ratio (DPR) is presently 34.65%.

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.