Brown University Sells 60,000 Shares of Cadre Holdings, Inc. $CDRE

Brown University trimmed its position in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 59.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,802 shares of the company’s stock after selling 60,000 shares during the period. Cadre comprises approximately 0.9% of Brown University’s portfolio, making the stock its 6th biggest holding. Brown University owned about 0.10% of Cadre worth $1,300,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Select Equity Group L.P. raised its stake in shares of Cadre by 726.6% during the 1st quarter. Select Equity Group L.P. now owns 447,337 shares of the company’s stock worth $13,246,000 after purchasing an additional 393,218 shares in the last quarter. Pembroke Management LTD acquired a new position in Cadre in the first quarter worth approximately $5,039,000. Fred Alger Management LLC raised its position in Cadre by 20.9% during the first quarter. Fred Alger Management LLC now owns 826,528 shares of the company’s stock valued at $24,473,000 after acquiring an additional 143,119 shares in the last quarter. Nuveen LLC acquired a new stake in Cadre in the first quarter valued at approximately $1,648,000. Finally, Northern Trust Corp lifted its stake in Cadre by 14.9% in the first quarter. Northern Trust Corp now owns 344,693 shares of the company’s stock valued at $10,206,000 after acquiring an additional 44,588 shares during the last quarter. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CDRE shares. Lake Street Capital raised their price target on shares of Cadre from $41.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, October 9th. B. Riley reissued a “buy” rating on shares of Cadre in a research report on Thursday, November 6th. Roth Capital reaffirmed a “buy” rating and issued a $44.00 price target on shares of Cadre in a research report on Friday, October 10th. Wall Street Zen upgraded Cadre from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cadre in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Cadre has an average rating of “Hold” and an average price target of $37.67.

Cadre Stock Down 0.1%

CDRE 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 price-to-earnings-growth ratio of 1.54 and a beta of 1.36. The company has a 50-day moving average of $38.54 and a two-hundred day moving average of $34.56. Cadre Holdings, Inc. has a 52-week low of $27.07 and a 52-week high of $46.64. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.64 and a quick ratio of 2.58.

Cadre (NYSE:CDRE) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. Cadre had a return on equity of 13.94% and a net margin of 7.33%.The business had revenue of $155.87 million during the quarter, compared to analysts’ expectations of $158.96 million. During the same quarter in the previous year, the firm earned $0.09 EPS. The firm’s revenue was up 42.5% compared to the same quarter last year. Cadre has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Announces Dividend

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

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.