WCM Investment Management LLC Invests $12.42 Million in Cadre Holdings, Inc. (NYSE:CDRE)

WCM Investment Management LLC acquired a new stake in Cadre Holdings, Inc. (NYSE:CDRE) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 387,292 shares of the company’s stock, valued at approximately $12,420,000.

A number of other hedge funds have also made changes to their positions in CDRE. Loomis Sayles & Co. L P boosted its stake in Cadre by 21.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock valued at $35,701,000 after purchasing an additional 167,214 shares in the last quarter. Fred Alger Management LLC boosted its stake in Cadre by 87.5% during the third quarter. Fred Alger Management LLC now owns 738,121 shares of the company’s stock valued at $28,012,000 after buying an additional 344,483 shares in the last quarter. Geode Capital Management LLC boosted its stake in Cadre by 15.1% during the third quarter. Geode Capital Management LLC now owns 583,678 shares of the company’s stock valued at $22,155,000 after buying an additional 76,750 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Cadre by 2.5% during the third quarter. JPMorgan Chase & Co. now owns 166,539 shares of the company’s stock worth $6,320,000 after acquiring an additional 4,080 shares during the period. Finally, Barclays PLC raised its position in Cadre by 335.6% in the third quarter. Barclays PLC now owns 53,397 shares of the company’s stock worth $2,025,000 after acquiring an additional 41,139 shares in the last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

Cadre Stock Performance

CDRE opened at $35.48 on Monday. The company has a quick ratio of 1.96, a current ratio of 3.01 and a debt-to-equity ratio of 0.65. The firm has a market cap of $1.44 billion, a PE ratio of 42.75, a P/E/G ratio of 1.63 and a beta of 1.27. The business has a fifty day simple moving average of $35.22 and a 200-day simple moving average of $35.57. Cadre Holdings, Inc. has a fifty-two week low of $29.18 and a fifty-two week high of $40.28.

Cadre Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given 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 is Friday, January 31st. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.07%. Cadre’s dividend payout ratio (DPR) is 45.78%.

Insider Buying and Selling

In other Cadre news, CEO Warren B. Kanders sold 50,000 shares of Cadre stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $32.68, for a total transaction of $1,634,000.00. Following the transaction, the chief executive officer now directly owns 11,907,211 shares in the company, valued at approximately $389,127,655.48. The trade was a 0.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Nicolas Sokolow sold 1,095 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $34.10, for a total transaction of $37,339.50. Following the sale, the director now directly owns 83,208 shares in the company, valued at approximately $2,837,392.80. This trade represents a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 226,310 shares of company stock valued at $7,704,941. 37.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reduced their price objective 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.

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.