Assetmark Inc. Invests $31,000 in Cadre Holdings, Inc. (NYSE:CDRE)

Assetmark Inc. purchased a new position in shares of Cadre Holdings, Inc. (NYSE:CDRE) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 975 shares of the company’s stock, valued at approximately $31,000.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of Cadre by 15.1% in the 3rd quarter. Geode Capital Management LLC now owns 583,678 shares of the company’s stock valued at $22,155,000 after acquiring an additional 76,750 shares during the period. Barclays PLC increased its position in shares of Cadre by 335.6% in the 3rd quarter. Barclays PLC now owns 53,397 shares of the company’s stock valued at $2,025,000 after acquiring an additional 41,139 shares during the period. WCM Investment Management LLC acquired a new position in shares of Cadre in the 4th quarter valued at $12,420,000. Loomis Sayles & Co. L P increased its position in shares of Cadre by 21.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock valued at $35,701,000 after acquiring an additional 167,214 shares during the period. Finally, Franklin Resources Inc. acquired a new position in shares of Cadre in the 3rd quarter valued at $208,000. 43.95% of the stock is owned by institutional investors and hedge funds.

Cadre Price Performance

NYSE CDRE opened at $33.73 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.01 and a quick ratio of 1.96. The stock’s fifty day moving average price is $35.29 and its 200 day moving average price is $35.44. Cadre Holdings, Inc. has a 1 year low of $29.19 and a 1 year high of $40.28. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 40.64, a PEG ratio of 1.58 and a beta of 1.30.

Cadre (NYSE:CDRE) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.16). Cadre had a net margin of 6.34% and a return on equity of 12.88%. The business had revenue of $175.98 million during the quarter, compared to analysts’ expectations of $170.95 million. During the same period in the previous year, the company posted $0.25 earnings per share. Cadre’s revenue for the quarter was up 41.3% compared to the same quarter last year. As a group, equities research analysts forecast that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a dividend of $0.095 per share. This is a positive change from Cadre’s previous quarterly dividend of $0.09. This represents a $0.38 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Friday, January 31st. Cadre’s dividend payout ratio is presently 42.22%.

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.