Old West Investment Management LLC Has $6.88 Million Stock Position in Cadre Holdings, Inc. (NYSE:CDRE)

Old West Investment Management LLC lifted its holdings in Cadre Holdings, Inc. (NYSE:CDRE) by 0.5% during the 4th quarter, HoldingsChannel reports. The fund owned 212,930 shares of the company’s stock after acquiring an additional 1,077 shares during the quarter. Cadre accounts for approximately 2.8% of Old West Investment Management LLC’s holdings, making the stock its 16th largest position. Old West Investment Management LLC’s holdings in Cadre were worth $6,878,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Assetmark Inc. acquired a new position in Cadre in the 4th quarter valued at $31,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in Cadre by 51.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,066 shares of the company’s stock valued at $99,000 after purchasing an additional 1,048 shares in the last quarter. SG Americas Securities LLC bought a new stake in Cadre during the fourth quarter worth about $100,000. US Bancorp DE lifted its position in Cadre by 10.6% during the fourth quarter. US Bancorp DE now owns 4,178 shares of the company’s stock worth $135,000 after purchasing an additional 400 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in Cadre by 1,451.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,251 shares of the company’s stock worth $137,000 after buying an additional 3,977 shares in the last quarter. 43.95% of the stock is owned by institutional investors.

Cadre Stock Performance

Shares of Cadre stock opened at $28.20 on Friday. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65. The company has a market cap of $1.14 billion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 1.58 and a beta of 1.33. The company has a 50 day moving average of $33.89 and a 200-day moving average of $34.97. Cadre Holdings, Inc. has a 1-year low of $27.51 and a 1-year high of $40.28.

Cadre (NYSE:CDRE) last issued its earnings results on Tuesday, March 11th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.16). Cadre had a net margin of 6.34% and a return on equity of 12.88%. The business had revenue of $175.98 million during the quarter, compared to analyst estimates of $170.95 million. During the same period in the prior year, the business posted $0.25 EPS. The company’s revenue for the quarter was up 41.3% compared to the same quarter last year. As a group, equities research analysts forecast that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.095 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.35%. This is a boost from Cadre’s previous quarterly dividend of $0.09. Cadre’s dividend payout ratio is 42.22%.

Insider Activity

In other news, CEO Warren B. Kanders sold 50,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $31.88, for a total value of $1,594,000.00. Following the completion of the transaction, the chief executive officer now directly owns 10,866,192 shares in the company, valued at approximately $346,414,200.96. This represents a 0.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 37.00% of the stock is currently owned by corporate insiders.

Cadre Profile

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.