Pembroke Management LTD Sells 4,199 Shares of Cadre Holdings, Inc. $CDRE

Pembroke Management LTD lowered its holdings in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 2.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 165,978 shares of the company’s stock after selling 4,199 shares during the period. Pembroke Management LTD owned about 0.41% of Cadre worth $5,286,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Cadre by 3.0% in the first quarter. Vanguard Group Inc. now owns 1,432,441 shares of the company’s stock valued at $42,415,000 after purchasing an additional 41,476 shares during the period. Fred Alger Management LLC lifted its holdings in Cadre by 20.9% during the 1st quarter. Fred Alger Management LLC now owns 826,528 shares of the company’s stock worth $24,473,000 after buying an additional 143,119 shares during the period. Catawba River Capital grew its position in shares of Cadre by 2.6% in the 2nd quarter. Catawba River Capital now owns 466,978 shares of the company’s stock valued at $14,873,000 after buying an additional 11,840 shares during the last quarter. Select Equity Group L.P. increased its stake in shares of Cadre by 726.6% in the first quarter. Select Equity Group L.P. now owns 447,337 shares of the company’s stock valued at $13,246,000 after buying an additional 393,218 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Cadre by 9.1% in the first quarter. Goldman Sachs Group Inc. now owns 372,211 shares of the company’s stock valued at $11,021,000 after buying an additional 31,123 shares during the period. Institutional investors and hedge funds own 43.95% of the company’s stock.

Cadre Stock Performance

Shares of CDRE stock opened at $43.21 on Tuesday. The firm has a 50 day moving average of $37.80 and a 200-day moving average of $34.35. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 38.58, a price-to-earnings-growth ratio of 1.53 and a beta of 1.35. The company has a quick ratio of 2.58, a current ratio of 3.64 and a debt-to-equity ratio of 0.87. Cadre Holdings, Inc. has a 52 week low of $27.07 and a 52 week high of $46.64.

Cadre (NYSE:CDRE) last issued its earnings results on Tuesday, November 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. The business had revenue of $155.87 million for the quarter, compared to analyst estimates of $158.96 million. Cadre had a net margin of 7.33% and a return on equity of 13.94%. Cadre’s revenue was up 42.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 earnings per share. Cadre has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be issued a $0.095 dividend. The ex-dividend date is Friday, October 31st. This represents a $0.38 annualized dividend and a yield of 0.9%. Cadre’s dividend payout ratio is presently 33.93%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CDRE shares. B. Riley reaffirmed a “buy” rating on shares of Cadre in a research note on Thursday. Roth Capital restated a “buy” rating and issued a $44.00 price target on shares of Cadre in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadre in a research note on Wednesday, October 8th. Lake Street Capital lifted their target price on shares of Cadre from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Finally, Bank of America lowered shares of Cadre from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $38.00 to $26.00 in a report on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Cadre presently has an average rating of “Hold” and a consensus price target of $37.67.

Cadre Company 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.