Lisanti Capital Growth LLC Acquires Shares of 64,135 Cadre Holdings, Inc. (NYSE:CDRE)

Lisanti Capital Growth LLC bought a new position in Cadre Holdings, Inc. (NYSE:CDRE) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 64,135 shares of the company’s stock, valued at approximately $2,109,000.

Several other large investors have also recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Cadre by 56.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,944 shares of the company’s stock worth $105,000 after buying an additional 1,424 shares during the period. Covestor Ltd increased its stake in Cadre by 49,625.0% in the third quarter. Covestor Ltd now owns 1,989 shares of the company’s stock worth $53,000 after purchasing an additional 1,985 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Cadre by 992.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,283 shares of the company’s stock worth $75,000 after purchasing an additional 2,074 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Cadre by 3.1% during the third quarter. Bank of New York Mellon Corp now owns 149,950 shares of the company’s stock valued at $3,996,000 after purchasing an additional 4,522 shares during the period. Finally, Swiss National Bank grew its holdings in shares of Cadre by 12.8% in the third quarter. Swiss National Bank now owns 41,300 shares of the company’s stock worth $1,101,000 after purchasing an additional 4,700 shares during the last quarter. Institutional investors own 43.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. B. Riley reiterated a “buy” rating and set a $48.00 price objective (up previously from $40.00) on shares of Cadre in a report on Wednesday, March 6th. Raymond James lowered Cadre from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Stifel Nicolaus raised their price objective on Cadre from $33.00 to $34.00 and gave the stock a “hold” rating in a report on Wednesday, March 6th. Roth Mkm reiterated a “buy” rating and issued a $43.00 target price (up from $38.00) on shares of Cadre in a report on Wednesday, March 6th. Finally, Stephens raised their price target on Cadre from $36.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $41.25.

Cadre Stock Down 0.6 %

Cadre stock traded down $0.22 during mid-day trading on Tuesday, reaching $34.38. 205,327 shares of the company were exchanged, compared to its average volume of 247,116. Cadre Holdings, Inc. has a 12-month low of $19.13 and a 12-month high of $39.81. The business has a fifty day moving average of $35.19 and a 200 day moving average of $33.35. The firm has a market cap of $1.40 billion, a P/E ratio of 33.48, a PEG ratio of 1.80 and a beta of 1.35. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.73 and a current ratio of 2.58.

Cadre (NYSE:CDRE) last posted its earnings results on Tuesday, March 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.11. The company had revenue of $124.58 million for the quarter, compared to analyst estimates of $122.30 million. Cadre had a return on equity of 21.85% and a net margin of 8.01%. Research analysts anticipate that Cadre Holdings, Inc. will post 1.18 earnings per share for the current fiscal year.

Cadre Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be given a dividend of $0.0875 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.35 dividend on an annualized basis and a yield of 1.02%. Cadre’s payout ratio is 34.31%.

Insider Buying and Selling at Cadre

In related news, CEO Warren B. Kanders sold 1,438,127 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $35.00, for a total transaction of $50,334,445.00. Following the transaction, the chief executive officer now directly owns 12,184,918 shares in the company, valued at approximately $426,472,130. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 49.20% of the stock is owned by 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.