Cadre (NYSE:CDRE) Sets New 52-Week High – What’s Next?

Cadre Holdings, Inc. (NYSE:CDRE)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $40.05 and last traded at $40.05, with a volume of 43651 shares trading hands. The stock had previously closed at $39.10.

Cadre Trading Down 0.3 %

The stock has a market cap of $1.62 billion, a PE ratio of 38.68, a PEG ratio of 2.38 and a beta of 1.28. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.14 and a current ratio of 3.17. The stock has a fifty day moving average price of $35.93 and a 200 day moving average price of $34.60.

Cadre (NYSE:CDRE) last released its earnings results on Friday, August 9th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. Cadre had a return on equity of 17.45% and a net margin of 7.55%. The firm had revenue of $144.31 million for the quarter, compared to analysts’ expectations of $142.06 million. During the same quarter in the prior year, the firm posted $0.29 earnings per share. The company’s quarterly revenue was up 19.2% on a year-over-year basis. Equities analysts expect that Cadre Holdings, Inc. will post 1.04 EPS for the current year.

Cadre Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were issued a $0.0875 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $0.35 annualized dividend and a dividend yield of 0.88%. Cadre’s dividend payout ratio (DPR) is presently 33.98%.

Institutional Investors Weigh In On Cadre

A number of large investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Cadre by 32.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 460,500 shares of the company’s stock worth $16,671,000 after purchasing an additional 113,722 shares during the period. Lisanti Capital Growth LLC lifted its holdings in Cadre by 127.5% in the first quarter. Lisanti Capital Growth LLC now owns 145,915 shares of the company’s stock worth $5,282,000 after acquiring an additional 81,780 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Cadre by 21.2% in the 1st quarter. Vanguard Group Inc. now owns 1,180,212 shares of the company’s stock worth $42,724,000 after acquiring an additional 206,564 shares during the period. Bank of New York Mellon Corp lifted its position in Cadre by 28.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 161,036 shares of the company’s stock valued at $5,404,000 after purchasing an additional 35,476 shares during the last quarter. Finally, Old West Investment Management LLC lifted its position in Cadre by 59.9% in the second quarter. Old West Investment Management LLC now owns 220,211 shares of the company’s stock worth $7,390,000 after purchasing an additional 82,501 shares during the period. 43.95% of the stock is owned by hedge funds and other institutional investors.

Cadre Company 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.