Cadre Holdings, Inc. (NYSE:CDRE) Shares Purchased by Martingale Asset Management L P

Martingale Asset Management L P grew its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 18.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,794 shares of the company’s stock after acquiring an additional 5,105 shares during the quarter. Martingale Asset Management L P’s holdings in Cadre were worth $1,245,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Arizona State Retirement System increased its position in Cadre by 16.8% during the second quarter. Arizona State Retirement System now owns 7,239 shares of the company’s stock worth $243,000 after purchasing an additional 1,041 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Cadre by 454.3% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,624 shares of the company’s stock worth $55,000 after buying an additional 1,331 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Cadre by 9.8% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 19,364 shares of the company’s stock worth $735,000 after buying an additional 1,721 shares during the period. Sei Investments Co. boosted its holdings in Cadre by 20.2% in the second quarter. Sei Investments Co. now owns 10,554 shares of the company’s stock valued at $354,000 after acquiring an additional 1,777 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in Cadre by 11.5% during the first quarter. California State Teachers Retirement System now owns 22,234 shares of the company’s stock valued at $805,000 after acquiring an additional 2,301 shares during the period. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Roth Mkm reduced 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Cadre has a consensus rating of “Moderate Buy” and an average target price of $39.75.

Cadre Stock Down 0.2 %

Shares of NYSE CDRE opened at $33.39 on Monday. The stock has a fifty day moving average price of $36.20 and a 200 day moving average price of $34.99. 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 12-month low of $29.18 and a 12-month high of $40.28. The company has a market cap of $1.36 billion, a P/E ratio of 40.23, a P/E/G ratio of 1.97 and a beta of 1.30.

Cadre (NYSE:CDRE) last announced its earnings results on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03. The business had revenue of $109.41 million for the quarter, compared to the consensus estimate of $126.27 million. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The company’s revenue was down 12.6% on a year-over-year basis. During the same period last year, the business posted $0.29 EPS. Research analysts anticipate that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Friday, November 1st. Cadre’s payout ratio is 42.17%.

Insider Buying and Selling

In other news, Director Nicolas Sokolow sold 5,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $33.25, for a total transaction of $166,250.00. Following the completion of the transaction, the director now directly owns 482,620 shares in the company, valued at approximately $16,047,115. This represents a 1.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Warren B. Kanders sold 7,964 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $32.09, for a total transaction of $255,564.76. Following the sale, the chief executive officer now directly owns 11,899,247 shares of the company’s stock, valued at $381,846,836.23. The trade was a 0.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 114,059 shares of company stock valued at $3,770,654 in the last quarter. 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.