Freedom Investment Management Inc. Makes New Investment in Cadre Holdings, Inc. (NYSE:CDRE)

Freedom Investment Management Inc. bought a new stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,155 shares of the company’s stock, valued at approximately $499,000.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Cadre by 21.2% during the first quarter. Vanguard Group Inc. now owns 1,180,212 shares of the company’s stock valued at $42,724,000 after acquiring an additional 206,564 shares during the period. Loomis Sayles & Co. L P raised its stake in Cadre by 21.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock valued at $35,701,000 after purchasing an additional 167,214 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Cadre by 32.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 460,500 shares of the company’s stock worth $16,671,000 after purchasing an additional 113,722 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Cadre by 30.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 411,056 shares of the company’s stock worth $13,794,000 after purchasing an additional 95,233 shares during the period. Finally, Old West Investment Management LLC grew its holdings in Cadre by 59.9% during the 2nd quarter. Old West Investment Management LLC now owns 220,211 shares of the company’s stock valued at $7,390,000 after buying an additional 82,501 shares in the last quarter. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Insider Activity

In related news, CEO Warren B. Kanders sold 50,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $32.68, for a total transaction of $1,634,000.00. Following the sale, the chief executive officer now owns 11,907,211 shares in the company, valued at approximately $389,127,655.48. This represents a 0.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Nicolas Sokolow sold 1,095 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $34.10, for a total value of $37,339.50. Following the completion of the sale, the director now owns 83,208 shares of the company’s stock, valued at approximately $2,837,392.80. This represents a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 114,059 shares of company stock worth $3,770,654. 37.00% of the stock is currently owned by corporate insiders.

Cadre Price Performance

Shares of Cadre stock opened at $33.39 on Friday. The firm has a market cap of $1.36 billion, a PE ratio of 40.23, a PEG ratio of 1.98 and a beta of 1.30. The stock has a 50 day moving average of $36.29 and a 200 day moving average of $34.94. 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.

Cadre (NYSE:CDRE) last posted its earnings results on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The firm had revenue of $109.41 million during the quarter, compared to the consensus estimate of $126.27 million. During the same period in the prior year, the company earned $0.29 EPS. The company’s quarterly revenue was down 12.6% compared to the same quarter last year. On average, research analysts expect that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $0.0875 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.05%. Cadre’s dividend payout ratio (DPR) is presently 42.17%.

Wall Street Analyst Weigh In

Separately, Roth Mkm dropped their target price on shares of Cadre from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. 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 target price of $39.75.

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.