Old West Investment Management LLC Has $4.59 Million Position in Cadre Holdings, Inc. (NYSE:CDRE)

Old West Investment Management LLC trimmed its stake in shares of Cadre Holdings, Inc. (NYSE:CDREFree Report) by 0.4% during the fourth quarter, Holdings Channel reports. The firm owned 139,450 shares of the company’s stock after selling 537 shares during the period. Cadre comprises 2.4% of Old West Investment Management LLC’s holdings, making the stock its 16th biggest holding. Old West Investment Management LLC’s holdings in Cadre were worth $4,587,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. FMR LLC lifted its holdings in Cadre by 12.4% during the 3rd quarter. FMR LLC now owns 5,637,904 shares of the company’s stock valued at $150,250,000 after purchasing an additional 621,116 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Cadre by 2.0% during the third quarter. Vanguard Group Inc. now owns 931,296 shares of the company’s stock worth $24,819,000 after purchasing an additional 18,173 shares during the last quarter. R.P. Boggs & Co. increased its stake in shares of Cadre by 3.6% in the third quarter. R.P. Boggs & Co. now owns 281,027 shares of the company’s stock valued at $7,489,000 after buying an additional 9,839 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Cadre by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 144,674 shares of the company’s stock valued at $4,758,000 after buying an additional 3,237 shares during the last quarter. Finally, Lisanti Capital Growth LLC acquired a new position in Cadre during the 4th quarter worth about $2,109,000. 43.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CDRE. Stifel Nicolaus raised their price objective on shares of Cadre from $33.00 to $34.00 and gave the company a “hold” rating in a research report on Wednesday, March 6th. Stephens raised their price target on shares of Cadre from $36.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Roth Mkm reiterated a “buy” rating and issued a $43.00 price objective (up previously from $38.00) on shares of Cadre in a report on Wednesday, March 6th. Finally, B. Riley restated a “buy” rating and set a $48.00 target price (up previously from $40.00) on shares of Cadre in a report on Wednesday, March 6th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.25.

Check Out Our Latest Report on CDRE

Insiders Place Their Bets

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 shares were sold at an average price of $35.00, for a total value of $50,334,445.00. Following the sale, the chief executive officer now directly owns 12,184,918 shares of the company’s stock, valued at approximately $426,472,130. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 49.20% of the company’s stock.

Cadre Trading Up 0.6 %

Shares of CDRE stock traded up $0.20 on Friday, hitting $32.44. The stock had a trading volume of 205,938 shares, compared to its average volume of 217,176. The firm has a market cap of $1.32 billion, a P/E ratio of 32.12, a PEG ratio of 1.86 and a beta of 1.30. Cadre Holdings, Inc. has a twelve month low of $19.66 and a twelve month high of $39.81. The company has a current ratio of 2.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.74. The company has a fifty day moving average price of $33.10 and a two-hundred day moving average price of $33.69.

Cadre (NYSE:CDREGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.07). Cadre had a return on equity of 19.18% and a net margin of 7.58%. The business had revenue of $137.86 million during the quarter, compared to the consensus estimate of $127.99 million. During the same quarter last year, the company earned $0.19 earnings per share. The firm’s revenue was up 23.4% compared to the same quarter last year. As a group, analysts forecast that Cadre Holdings, Inc. will post 1.07 earnings per share for the current fiscal year.

Cadre Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 3rd were issued a dividend of $0.0875 per share. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $0.35 annualized dividend and a yield of 1.08%. Cadre’s dividend payout ratio (DPR) is currently 34.65%.

Cadre Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CDRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cadre Holdings, Inc. (NYSE:CDREFree Report).

Institutional Ownership by Quarter for Cadre (NYSE:CDRE)

Receive News & Ratings for Cadre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cadre and related companies with MarketBeat.com's FREE daily email newsletter.