UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Position in Cadre Holdings, Inc. (NYSE:CDRE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 3.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,542 shares of the company’s stock after selling 1,266 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.09% of Cadre worth $1,311,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. raised its stake in shares of Cadre by 45.6% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 17,643 shares of the company’s stock valued at $592,000 after purchasing an additional 5,522 shares during the period. Bank of New York Mellon Corp increased its stake in Cadre by 28.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 161,036 shares of the company’s stock worth $5,404,000 after buying an additional 35,476 shares during the period. Principal Financial Group Inc. lifted its holdings in Cadre by 18.7% in the 2nd quarter. Principal Financial Group Inc. now owns 15,534 shares of the company’s stock worth $521,000 after buying an additional 2,442 shares in the last quarter. Versor Investments LP boosted its position in Cadre by 31.3% in the 2nd quarter. Versor Investments LP now owns 10,500 shares of the company’s stock valued at $352,000 after buying an additional 2,500 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Cadre by 32.6% during the second quarter. Rhumbline Advisers now owns 34,568 shares of the company’s stock valued at $1,160,000 after acquiring an additional 8,502 shares in the last quarter. 43.95% of the stock is currently owned by institutional investors and hedge funds.

Cadre Price Performance

Shares of CDRE stock opened at $35.73 on Wednesday. The firm has a fifty day moving average of $35.56 and a two-hundred day moving average of $35.30. The firm has a market cap of $1.45 billion, a P/E ratio of 43.05, a P/E/G ratio of 2.11 and a beta of 1.23. Cadre Holdings, Inc. has a 1-year low of $29.18 and a 1-year high of $40.28. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.01 and a quick ratio of 1.96.

Cadre (NYSE:CDRE) last posted its quarterly earnings results 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 business had revenue of $109.41 million during the quarter, compared to the consensus estimate of $126.27 million. During the same period last year, the firm earned $0.29 earnings per share. The company’s revenue for the quarter was down 12.6% compared to the same quarter last year. As a group, research analysts anticipate that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $0.0875 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.35 dividend on an annualized basis and a yield of 0.98%. Cadre’s dividend payout ratio is currently 42.17%.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm cut their price target 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $39.75.

Insider Buying and Selling at Cadre

In other news, CEO Warren B. Kanders sold 7,964 shares of the business’s stock in a transaction on Monday, November 18th. The shares were 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 owns 11,899,247 shares of the company’s stock, valued at approximately $381,846,836.23. The trade was a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Nicolas Sokolow sold 1,095 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $34.10, for a total transaction of $37,339.50. Following the completion of the sale, the director now directly owns 83,208 shares in the company, valued at approximately $2,837,392.80. This trade represents a 1.30 % 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. Company insiders own 37.00% of the company’s stock.

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.