SG Americas Securities LLC Has $500,000 Stake in Cadre Holdings, Inc. $CDRE

SG Americas Securities LLC grew its position in Cadre Holdings, Inc. (NYSE:CDRE) by 62.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,698 shares of the company’s stock after acquiring an additional 6,008 shares during the period. SG Americas Securities LLC’s holdings in Cadre were worth $500,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CDRE. Huntington National Bank increased its holdings in Cadre by 48.4% during the 2nd quarter. Huntington National Bank now owns 960 shares of the company’s stock valued at $31,000 after purchasing an additional 313 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Cadre by 43.1% during the second quarter. Assetmark Inc. now owns 1,395 shares of the company’s stock worth $44,000 after purchasing an additional 420 shares during the last quarter. Militia Capital Partners LP acquired a new stake in shares of Cadre in the first quarter valued at $49,000. State of Wyoming bought a new position in shares of Cadre in the first quarter valued at about $69,000. Finally, Jones Financial Companies Lllp lifted its position in Cadre by 24,275.0% during the 1st quarter. Jones Financial Companies Lllp now owns 4,875 shares of the company’s stock worth $144,000 after buying an additional 4,855 shares in the last quarter. 43.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CDRE shares. Lake Street Capital raised their price objective on shares of Cadre from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Cadre in a research note on Tuesday. Roth Capital reissued a “buy” rating and issued a $44.00 price target on shares of Cadre in a report on Friday, October 10th. B. Riley reaffirmed a “buy” rating on shares of Cadre in a report on Thursday, November 6th. Finally, Wall Street Zen upgraded Cadre from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Cadre currently has a consensus rating of “Moderate Buy” and an average target price of $37.67.

Cadre Trading Up 1.4%

Shares of NYSE CDRE opened at $43.13 on Thursday. Cadre Holdings, Inc. has a fifty-two week low of $27.07 and a fifty-two week high of $46.64. The firm has a market capitalization of $1.75 billion, a P/E ratio of 38.50, a P/E/G ratio of 1.52 and a beta of 1.36. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.64 and a quick ratio of 2.58. The company’s 50 day simple moving average is $40.18 and its 200 day simple moving average is $35.21.

Cadre (NYSE:CDRE) last issued its earnings results on Tuesday, November 4th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. The company had revenue of $155.87 million during the quarter, compared to analysts’ expectations of $158.96 million. Cadre had a net margin of 7.33% and a return on equity of 13.94%. The business’s revenue for the quarter was up 42.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS. Cadre has set its FY 2025 guidance at EPS. On average, analysts predict that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were issued a dividend of $0.095 per share. The ex-dividend date was Friday, October 31st. This represents a $0.38 dividend on an annualized basis and a yield of 0.9%. Cadre’s dividend payout ratio (DPR) is 33.93%.

Insider Activity

In other news, CEO Warren B. Kanders sold 1,257,038 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $39.00, for a total value of $49,024,482.00. Following the completion of the sale, the chief executive officer directly owned 1,546 shares of the company’s stock, valued at $60,294. This represents a 99.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 31.50% of the company’s stock.

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.