Oak Ridge Investments LLC Has $2.89 Million Position in Cadre Holdings, Inc. $CDRE

Oak Ridge Investments LLC lowered its holdings in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 3.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,691 shares of the company’s stock after selling 3,663 shares during the period. Oak Ridge Investments LLC owned about 0.22% of Cadre worth $2,889,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. KLP Kapitalforvaltning AS boosted its stake in Cadre by 31.1% during the second quarter. KLP Kapitalforvaltning AS now owns 5,900 shares of the company’s stock worth $188,000 after buying an additional 1,400 shares in the last quarter. Militia Capital Partners LP acquired a new stake in Cadre during the first quarter worth $49,000. Rhumbline Advisers boosted its stake in Cadre by 4.1% during the first quarter. Rhumbline Advisers now owns 36,058 shares of the company’s stock worth $1,068,000 after buying an additional 1,415 shares in the last quarter. Jane Street Group LLC boosted its stake in Cadre by 98.5% during the first quarter. Jane Street Group LLC now owns 48,052 shares of the company’s stock worth $1,423,000 after buying an additional 23,844 shares in the last quarter. Finally, Fred Alger Management LLC boosted its stake in shares of Cadre by 20.9% in the 1st quarter. Fred Alger Management LLC now owns 826,528 shares of the company’s stock valued at $24,473,000 after purchasing an additional 143,119 shares in the last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CDRE shares. Roth Capital restated a “buy” rating and issued a $44.00 target price on shares of Cadre in a research note on Friday. Bank of America downgraded shares of Cadre from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $38.00 to $26.00 in a research note on Wednesday, August 13th. Weiss Ratings restated a “hold (c)” rating on shares of Cadre in a research note on Wednesday. Lake Street Capital boosted their target price on shares of Cadre from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Wall Street Zen downgraded shares of Cadre from a “buy” rating to a “hold” rating in a research note on Saturday. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $37.50.

Cadre Stock Performance

Cadre stock opened at $38.38 on Friday. The stock has a 50-day simple moving average of $32.84 and a 200 day simple moving average of $32.47. The company has a quick ratio of 2.56, a current ratio of 3.59 and a debt-to-equity ratio of 0.90. Cadre Holdings, Inc. has a 12-month low of $27.07 and a 12-month high of $40.28. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 40.83, a P/E/G ratio of 1.41 and a beta of 1.34.

Cadre (NYSE:CDRE) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. Cadre had a return on equity of 12.08% and a net margin of 6.65%.The business had revenue of $157.11 million during the quarter, compared to analysts’ expectations of $153.23 million. During the same period in the previous year, the business posted $0.31 earnings per share. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. Cadre has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 1st. Cadre’s payout ratio is currently 40.43%.

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.