Cadre Holdings, Inc. (NYSE:CDRE) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC lifted its position in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 16.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 34,144 shares of the company’s stock after buying an additional 4,918 shares during the period. Jane Street Group LLC owned 0.08% of Cadre worth $1,296,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CDRE. Loomis Sayles & Co. L P lifted its stake in shares of Cadre by 21.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock worth $35,701,000 after purchasing an additional 167,214 shares during the period. Fred Alger Management LLC grew its position in shares of Cadre by 87.5% in the third quarter. Fred Alger Management LLC now owns 738,121 shares of the company’s stock valued at $28,012,000 after purchasing an additional 344,483 shares during the period. Dimensional Fund Advisors LP increased its stake in Cadre by 30.2% in the second quarter. Dimensional Fund Advisors LP now owns 411,056 shares of the company’s stock valued at $13,794,000 after purchasing an additional 95,233 shares during the last quarter. Renaissance Technologies LLC lifted its position in Cadre by 22.5% during the second quarter. Renaissance Technologies LLC now owns 312,500 shares of the company’s stock worth $10,488,000 after buying an additional 57,400 shares during the period. Finally, Old West Investment Management LLC boosted its stake in Cadre by 59.9% in the 2nd 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 last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

Analyst Ratings Changes

Separately, Roth Mkm dropped their price objective on shares of Cadre from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $39.75.

Cadre Trading Up 1.4 %

Shares of CDRE opened at $32.05 on Friday. Cadre Holdings, Inc. has a twelve month low of $29.18 and a twelve month high of $40.28. The firm has a market capitalization of $1.30 billion, a P/E ratio of 38.61, a price-to-earnings-growth ratio of 2.11 and a beta of 1.23. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65. The stock’s fifty day simple moving average is $34.68 and its 200 day simple moving average is $35.33.

Cadre (NYSE:CDRE) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, topping 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 company had revenue of $109.41 million for the quarter, compared to the consensus estimate of $126.27 million. During the same period last year, the business posted $0.29 EPS. The company’s quarterly revenue was down 12.6% compared to the same quarter last year. On average, equities research analysts forecast that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.0875 per share. The ex-dividend date was Friday, November 1st. This represents a $0.35 annualized dividend and a yield of 1.09%. Cadre’s dividend payout ratio is currently 42.17%.

Insiders Place Their Bets

In other Cadre news, Director Nicolas Sokolow sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $33.25, for a total value of $166,250.00. Following the transaction, the director now directly owns 482,620 shares of the company’s stock, valued at $16,047,115. This trade represents a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Warren B. Kanders sold 50,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $32.68, for a total value of $1,634,000.00. Following the completion of the sale, the chief executive officer now directly owns 11,907,211 shares of the company’s stock, valued at $389,127,655.48. The trade was a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 226,310 shares of company stock worth $7,704,941 over the last ninety days. 37.00% of the stock is owned by company insiders.

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.