Brown University Makes New Investment in Cadre Holdings, Inc. (NYSE:CDRE)

Brown University acquired a new position in shares of Cadre Holdings, Inc. (NYSE:CDRE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 100,802 shares of the company’s stock, valued at approximately $3,256,000. Cadre makes up 1.4% of Brown University’s holdings, making the stock its 8th biggest holding. Brown University owned approximately 0.25% of Cadre as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Assetmark Inc. acquired a new position in shares of Cadre in the 4th quarter valued at $31,000. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Cadre by 51.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,066 shares of the company’s stock valued at $99,000 after purchasing an additional 1,048 shares during the period. SG Americas Securities LLC acquired a new position in shares of Cadre in the 4th quarter valued at $100,000. US Bancorp DE lifted its stake in shares of Cadre by 10.6% in the 4th quarter. US Bancorp DE now owns 4,178 shares of the company’s stock valued at $135,000 after purchasing an additional 400 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Cadre by 1,451.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,251 shares of the company’s stock valued at $137,000 after purchasing an additional 3,977 shares during the period. Institutional investors and hedge funds own 43.95% of the company’s stock.

Cadre Stock Performance

CDRE stock opened at $33.73 on Monday. The business’s fifty day moving average is $35.29 and its 200-day moving average is $35.44. The company has a quick ratio of 1.96, a current ratio of 3.01 and a debt-to-equity ratio of 0.65. The company has a market cap of $1.37 billion, a P/E ratio of 40.64, a price-to-earnings-growth ratio of 1.58 and a beta of 1.30. Cadre Holdings, Inc. has a twelve month low of $29.19 and a twelve month high of $40.28.

Cadre (NYSE:CDRE) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.16). The company had revenue of $175.98 million during the quarter, compared to analyst estimates of $170.95 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The business’s revenue for the quarter was up 41.3% compared to the same quarter last year. During the same period last year, the company earned $0.25 EPS. Equities research analysts forecast that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Friday, January 31st. This is an increase from Cadre’s previous quarterly dividend of $0.09. Cadre’s dividend payout ratio (DPR) is presently 42.22%.

About Cadre

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.