Cadre Holdings, Inc. $CDRE Stock Sold by Reinhart Partners LLC.

Reinhart Partners LLC. lowered its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 16.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,287,373 shares of the company’s stock after selling 451,000 shares during the quarter. Reinhart Partners LLC. owned 0.05% of Cadre worth $57,390,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Farther Finance Advisors LLC boosted its holdings in Cadre by 21,764.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,717 shares of the company’s stock worth $93,000 after acquiring an additional 3,700 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Cadre in the second quarter valued at about $356,000. Squarepoint Ops LLC bought a new position in shares of Cadre during the second quarter valued at about $782,000. Baird Financial Group Inc. bought a new position in shares of Cadre during the second quarter valued at about $231,000. Finally, Arizona State Retirement System grew its position in Cadre by 5.4% in the 2nd quarter. Arizona State Retirement System now owns 8,842 shares of the company’s stock worth $252,000 after purchasing an additional 452 shares in the last quarter. 43.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cadre

In other news, CEO Warren Kanders sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $33.36, for a total value of $3,336,000.00. Following the sale, the chief executive officer owned 9,517,039 shares of the company’s stock, valued at $317,488,421.04. The trade was a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 30.10% of the stock is owned by insiders.

Cadre Stock Performance

Shares of CDRE opened at $24.76 on Friday. Cadre Holdings, Inc. has a 1 year low of $24.07 and a 1 year high of $48.76. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.14 and a quick ratio of 1.35. The stock’s fifty day moving average price is $29.37 and its two-hundred day moving average price is $29.89. The firm has a market cap of $1.06 billion, a PE ratio of 29.13, a PEG ratio of 0.83 and a beta of 1.33.

Cadre (NYSE:CDRE) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.04. Cadre had a return on equity of 12.02% and a net margin of 5.26%. The company had revenue of $207.13 million during the quarter, compared to the consensus estimate of $178.29 million. On average, equities research analysts forecast that Cadre Holdings, Inc. will post 1.33 EPS for the current year.

Cadre Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a $0.10 dividend. The ex-dividend date was Friday, July 31st. This represents a $0.40 annualized dividend and a dividend yield of 1.6%. Cadre’s dividend payout ratio (DPR) is presently 47.06%.

Analyst Upgrades and Downgrades

CDRE has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadre in a research note on Monday, August 17th. UBS Group set a $43.00 target price on Cadre in a report on Monday, August 10th. Roth Capital reaffirmed a “buy” rating and set a $43.00 price target (up from $40.00) on shares of Cadre in a research report on Monday, August 10th. DA Davidson lifted their price target on Cadre from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $43.00 price objective on shares of Cadre in a research report on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $45.00.

Cadre Company Profile

Cadre Holdings, Inc is a Jacksonville, Florida-based manufacturer of products designed to protect and equip law enforcement, military, public-safety and commercial customers. The company develops and supplies safety and survivability equipment intended for use in demanding operational environments.

Its product portfolio includes body armor, protective equipment, duty gear, holsters, tactical equipment, less-lethal systems, bomb-disposal and explosive-ordnance-disposal products, and equipment for chemical, biological, radiological and nuclear response.