Fred Alger Management LLC Acquires 344,483 Shares of Cadre Holdings, Inc. (NYSE:CDRE)

Fred Alger Management LLC increased its stake in Cadre Holdings, Inc. (NYSE:CDRE) by 87.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 738,121 shares of the company’s stock after purchasing an additional 344,483 shares during the quarter. Fred Alger Management LLC owned approximately 1.82% of Cadre worth $28,012,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in 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 buying an additional 206,564 shares in the last quarter. Loomis Sayles & Co. L P grew its position in shares of Cadre by 21.6% during the third quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock worth $35,701,000 after purchasing an additional 167,214 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Cadre by 32.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 460,500 shares of the company’s stock valued at $16,671,000 after purchasing an additional 113,722 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Cadre by 30.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 411,056 shares of the company’s stock worth $13,794,000 after purchasing an additional 95,233 shares in the last quarter. Finally, Old West Investment Management LLC boosted its stake in Cadre by 59.9% in the 2nd 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 currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Roth Mkm dropped their target price on shares of Cadre from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cadre currently has an average rating of “Moderate Buy” and a consensus price target of $39.75.

Insider Transactions at Cadre

In related news, Director Nicolas Sokolow sold 5,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $33.25, for a total value of $166,250.00. Following the transaction, the director now owns 482,620 shares in the company, valued at $16,047,115. The trade was a 1.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Warren B. Kanders sold 50,000 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $33.55, for a total transaction of $1,677,500.00. Following the transaction, the chief executive officer now directly owns 11,682,211 shares of the company’s stock, valued at $391,938,179.05. This represents a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 114,059 shares of company stock worth $3,770,654 over the last ninety days. Company insiders own 37.00% of the company’s stock.

Cadre Stock Down 0.2 %

NYSE:CDRE opened at $33.39 on Friday. The company has a market cap of $1.36 billion, a PE ratio of 40.23, a P/E/G ratio of 1.98 and a beta of 1.30. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65. The company’s 50 day moving average is $36.29 and its two-hundred day moving average is $34.94. Cadre Holdings, Inc. has a twelve month low of $29.18 and a twelve month high of $40.28.

Cadre (NYSE:CDRE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The business had revenue of $109.41 million during the quarter, compared to the consensus estimate of $126.27 million. During the same quarter in the prior year, the firm posted $0.29 earnings per share. The company’s revenue was down 12.6% compared to the same quarter last year. 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 was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $0.0875 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.35 annualized dividend and a dividend yield of 1.05%. Cadre’s dividend payout ratio is currently 42.17%.

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.