Brown University Makes New $3.26 Million Investment in Cadre Holdings, Inc. (NYSE:CDRE)

Brown University bought a new position in shares of Cadre Holdings, Inc. (NYSE:CDRE) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 100,802 shares of the company’s stock, valued at approximately $3,256,000. Cadre makes up approximately 1.4% of Brown University’s investment portfolio, making the stock its 8th largest position.

A number of other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE increased its holdings in Cadre by 10.6% during the 4th quarter. US Bancorp DE now owns 4,178 shares of the company’s stock worth $135,000 after purchasing an additional 400 shares in the last quarter. Truist Financial Corp grew its holdings in shares of Cadre by 5.8% in the 4th quarter. Truist Financial Corp now owns 11,277 shares of the company’s stock valued at $364,000 after acquiring an additional 616 shares in the last quarter. Assetmark Inc. bought a new position in shares of Cadre in the 4th quarter valued at about $31,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Cadre by 51.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,066 shares of the company’s stock valued at $99,000 after acquiring an additional 1,048 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Cadre by 9.7% in the 4th quarter. Principal Financial Group Inc. now owns 20,177 shares of the company’s stock valued at $652,000 after acquiring an additional 1,787 shares in the last quarter. Institutional investors own 43.95% of the company’s stock.

Cadre Price Performance

Shares of NYSE CDRE opened at $33.73 on Monday. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 40.64, a PEG ratio of 1.58 and a beta of 1.30. The business has a 50-day moving average of $35.29 and a 200-day moving average of $35.44. 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 Holdings, Inc. has a fifty-two week low of $29.19 and a fifty-two week high of $40.28.

Cadre (NYSE:CDRE) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.16). The company had revenue of $175.98 million during the quarter, compared to the consensus estimate of $170.95 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. Cadre’s revenue was up 41.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 EPS. As a group, sell-side analysts predict that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.095 dividend. This is a boost from Cadre’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.38 annualized dividend and a dividend yield of 1.13%. Cadre’s dividend payout ratio (DPR) is presently 42.22%.

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.