Brown University Has $1.30 Million Stake in Cadre Holdings, Inc. $CDRE

Brown University cut its position in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 59.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,802 shares of the company’s stock after selling 60,000 shares during the quarter. Cadre accounts for 0.9% of Brown University’s portfolio, making the stock its 6th biggest holding. Brown University’s holdings in Cadre were worth $1,300,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CDRE. Huntington National Bank grew its holdings in shares of Cadre by 48.4% during the 2nd quarter. Huntington National Bank now owns 960 shares of the company’s stock worth $31,000 after purchasing an additional 313 shares in the last quarter. Assetmark Inc. raised its stake in shares of Cadre by 43.1% in the second quarter. Assetmark Inc. now owns 1,395 shares of the company’s stock valued at $44,000 after purchasing an additional 420 shares in the last quarter. Arizona State Retirement System lifted its position in Cadre by 6.4% in the first quarter. Arizona State Retirement System now owns 8,153 shares of the company’s stock worth $241,000 after purchasing an additional 492 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Cadre by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,451 shares of the company’s stock worth $458,000 after buying an additional 628 shares in the last quarter. Finally, Navellier & Associates Inc. boosted its stake in Cadre by 7.8% during the first quarter. Navellier & Associates Inc. now owns 9,623 shares of the company’s stock worth $287,000 after buying an additional 695 shares in the last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

Analysts Set New Price Targets

CDRE has been the subject of a number of analyst reports. Bank of America downgraded shares of Cadre from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $38.00 to $26.00 in a report on Wednesday, August 13th. Roth Capital restated a “buy” rating and set a $44.00 price target on shares of Cadre in a research note on Friday, October 10th. Lake Street Capital lifted their price objective on Cadre from $41.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadre in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded Cadre from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Cadre presently has a consensus rating of “Hold” and a consensus target price of $37.67.

Cadre Price Performance

Shares of Cadre stock opened at $43.19 on Friday. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 38.57, a P/E/G ratio of 1.54 and a beta of 1.36. The firm’s 50-day moving average price is $38.54 and its two-hundred day moving average price is $34.56. The company has a current ratio of 3.64, a quick ratio of 2.58 and a debt-to-equity ratio of 0.87. Cadre Holdings, Inc. has a 1-year low of $27.07 and a 1-year high of $46.64.

Cadre (NYSE:CDRE) last posted its earnings results on Tuesday, November 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Cadre’s quarterly revenue was up 42.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 earnings per share. Cadre has set its FY 2025 guidance at EPS. On average, equities analysts predict that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Dividend Announcement

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

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.