Old West Investment Management LLC Purchases 1,077 Shares of Cadre Holdings, Inc. (NYSE:CDRE)

Old West Investment Management LLC lifted its position in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 212,930 shares of the company’s stock after buying an additional 1,077 shares during the period. Cadre comprises about 2.8% of Old West Investment Management LLC’s investment portfolio, making the stock its 16th largest holding. Old West Investment Management LLC owned 0.52% of Cadre worth $6,878,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CDRE. Assetmark Inc. bought a new position in shares of Cadre during the 4th quarter worth approximately $31,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in 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 buying an additional 1,048 shares during the last quarter. SG Americas Securities LLC bought a new stake in Cadre during the 4th quarter worth about $100,000. US Bancorp DE boosted its stake in shares of Cadre by 10.6% during the 4th quarter. US Bancorp DE now owns 4,178 shares of the company’s stock worth $135,000 after buying an additional 400 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings 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 acquiring an additional 3,977 shares in the last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

Cadre Stock Performance

CDRE opened at $28.20 on Friday. The business’s 50-day simple moving average is $33.89 and its 200 day simple moving average is $34.97. Cadre Holdings, Inc. has a 52-week low of $27.51 and a 52-week high of $40.28. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01. The firm has a market capitalization of $1.14 billion, a PE ratio of 33.97, a PEG ratio of 1.58 and a beta of 1.33.

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

Cadre Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.095 dividend. This is a positive change from Cadre’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.38 annualized dividend and a yield of 1.35%. Cadre’s dividend payout ratio is currently 42.22%.

Insider Activity

In other news, CEO Warren B. Kanders sold 50,000 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $31.88, for a total value of $1,594,000.00. Following the transaction, the chief executive officer now directly owns 10,866,192 shares of the company’s stock, valued at $346,414,200.96. This represents a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 37.00% 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.