Intech Investment Management LLC Invests $220,000 in Cadre Holdings, Inc. (NYSE:CDRE)

Intech Investment Management LLC bought a new position in shares of Cadre Holdings, Inc. (NYSE:CDRE) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,810 shares of the company’s stock, valued at approximately $220,000.

Several other large investors have also recently bought and sold shares of CDRE. Bank of New York Mellon Corp increased its position in shares of Cadre by 28.3% during the second quarter. Bank of New York Mellon Corp now owns 161,036 shares of the company’s stock valued at $5,404,000 after purchasing an additional 35,476 shares during the period. Old West Investment Management LLC increased its holdings in Cadre by 59.9% in the 2nd quarter. Old West Investment Management LLC now owns 220,211 shares of the company’s stock valued at $7,390,000 after buying an additional 82,501 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Cadre by 30.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 411,056 shares of the company’s stock valued at $13,794,000 after buying an additional 95,233 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Cadre by 45.6% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 17,643 shares of the company’s stock worth $592,000 after acquiring an additional 5,522 shares during the period. Finally, Mackenzie Financial Corp acquired a new stake in shares of Cadre during the 2nd quarter valued at about $768,000. 43.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Roth Mkm lowered their price objective on Cadre from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.75.

Cadre Trading Down 0.8 %

NYSE:CDRE opened at $35.56 on Friday. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 43.17, a PEG ratio of 2.05 and a beta of 1.23. The business’s 50-day moving average price is $36.01 and its two-hundred day moving average price is $35.09. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65. Cadre Holdings, Inc. has a 1-year low of $29.18 and a 1-year high of $40.28.

Cadre (NYSE:CDRE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.03. The company had revenue of $109.41 million during the quarter, compared to analyst estimates of $126.27 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The firm’s revenue was down 12.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 EPS. On average, equities analysts expect 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. Stockholders of record on Friday, November 1st were issued a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, November 1st. Cadre’s dividend payout ratio (DPR) is presently 42.17%.

Insider Activity at Cadre

In other news, CEO Warren B. Kanders sold 7,964 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $32.09, for a total transaction of $255,564.76. Following the completion of the transaction, the chief executive officer now directly owns 11,899,247 shares of the company’s stock, valued at $381,846,836.23. This represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nicolas Sokolow sold 1,095 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $34.10, for a total value of $37,339.50. Following the completion of the sale, the director now owns 83,208 shares in the company, valued at $2,837,392.80. The trade was a 1.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 151,310 shares of company stock worth $5,039,691. 37.00% of the stock is owned by company insiders.

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.