Dimensional Fund Advisors LP Grows Stock Holdings in Cadre Holdings, Inc. (NYSE:CDRE)

Dimensional Fund Advisors LP boosted its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 30.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 411,056 shares of the company’s stock after purchasing an additional 95,233 shares during the period. Dimensional Fund Advisors LP owned about 1.01% of Cadre worth $13,794,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. bought a new position in shares of Cadre during the 2nd quarter valued at $216,000. American Century Companies Inc. increased its position in Cadre by 14.2% during the second quarter. American Century Companies Inc. now owns 34,907 shares of the company’s stock valued at $1,171,000 after acquiring an additional 4,340 shares during the last quarter. Arizona State Retirement System lifted its holdings in Cadre by 16.8% in the second 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 during the period. Rhumbline Advisers boosted its position in Cadre by 32.6% in the second quarter. Rhumbline Advisers now owns 34,568 shares of the company’s stock worth $1,160,000 after purchasing an additional 8,502 shares during the last quarter. Finally, Versor Investments LP grew its stake in shares of Cadre by 31.3% during the 2nd quarter. Versor Investments LP now owns 10,500 shares of the company’s stock valued at $352,000 after purchasing an additional 2,500 shares during the period. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Cadre Price Performance

NYSE CDRE opened at $39.01 on Friday. The company has a 50-day moving average price of $35.68 and a 200-day moving average price of $34.48. Cadre Holdings, Inc. has a 52 week low of $26.42 and a 52 week high of $39.81. The company has a quick ratio of 2.14, a current ratio of 3.17 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $1.58 billion, a P/E ratio of 38.62, a PEG ratio of 2.22 and a beta of 1.28.

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

Cadre Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were given a dividend of $0.0875 per share. The ex-dividend date was Friday, August 2nd. This represents a $0.35 annualized dividend and a yield of 0.90%. Cadre’s dividend payout ratio (DPR) is presently 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.