Oppenheimer Asset Management Inc. Invests $216,000 in Cadre Holdings, Inc. (NYSE:CDRE)

Oppenheimer Asset Management Inc. bought a new position in Cadre Holdings, Inc. (NYSE:CDRE) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,443 shares of the company’s stock, valued at approximately $216,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Cadre by 21.2% in the 1st quarter. Vanguard Group Inc. now owns 1,180,212 shares of the company’s stock worth $42,724,000 after purchasing an additional 206,564 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Cadre by 32.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 460,500 shares of the company’s stock worth $16,671,000 after purchasing an additional 113,722 shares during the period. Zimmer Partners LP bought a new stake in shares of Cadre in the 1st quarter worth approximately $11,990,000. Bank of New York Mellon Corp raised its holdings in shares of Cadre by 28.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 161,036 shares of the company’s stock worth $5,404,000 after purchasing an additional 35,476 shares during the period. Finally, Lisanti Capital Growth LLC raised its holdings in shares of Cadre by 127.5% in the 1st quarter. Lisanti Capital Growth LLC now owns 145,915 shares of the company’s stock worth $5,282,000 after purchasing an additional 81,780 shares during the period. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Cadre Trading Up 1.7 %

Shares of CDRE stock opened at $38.01 on Monday. The company’s fifty day simple moving average is $35.64 and its two-hundred day simple moving average is $34.42. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.17 and a quick ratio of 2.14. Cadre Holdings, Inc. has a 1 year low of $25.66 and a 1 year high of $39.81. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 37.63, a PEG ratio of 2.03 and a beta of 1.28.

Cadre (NYSE:CDRE) last issued its earnings results on Friday, August 9th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. Cadre had a net margin of 7.55% and a return on equity of 17.45%. The business 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 EPS. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. As a group, analysts anticipate that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Friday, August 2nd. This represents a $0.35 dividend on an annualized basis and a yield of 0.92%. Cadre’s payout ratio 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.