Old West Investment Management LLC Sells 28,525 Shares of Cadre Holdings, Inc. $CDRE

Old West Investment Management LLC lowered its stake in Cadre Holdings, Inc. (NYSE:CDRE) by 13.2% during the 2nd quarter, Holdings Channel reports. The firm owned 187,111 shares of the company’s stock after selling 28,525 shares during the quarter. Cadre makes up about 2.0% of Old West Investment Management LLC’s holdings, making the stock its 18th biggest position. Old West Investment Management LLC’s holdings in Cadre were worth $5,959,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

CDRE has been the subject of several research reports. Wall Street Zen upgraded shares of Cadre from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. B. Riley reissued a “buy” rating on shares of Cadre in a research note on Thursday, November 6th. Bank of America lowered Cadre from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $38.00 to $26.00 in a research note on Wednesday, August 13th. Lake Street Capital lifted their target price on Cadre from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cadre in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $37.67.

Cadre Price Performance

Shares of CDRE stock opened at $43.19 on Friday. The stock has a 50 day moving average price of $38.54 and a 200 day moving average price 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 quick ratio of 2.58 and a current ratio of 3.64. The firm has a market capitalization of $1.76 billion, a P/E ratio of 38.57, a P/E/G ratio of 1.54 and a beta of 1.36.

Cadre (NYSE:CDRE) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.27 EPS for the quarter, beating 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 company had revenue of $155.87 million for the quarter, compared to the consensus estimate of $158.96 million. During the same quarter in the prior year, the company posted $0.09 EPS. Cadre’s quarterly revenue was up 42.5% on a year-over-year basis. Cadre has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Dividend Announcement

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