Advantage Alpha Capital Partners LP Acquires New Shares in Cadre Holdings, Inc. (NYSE:CDRE)

Advantage Alpha Capital Partners LP bought a new position in Cadre Holdings, Inc. (NYSE:CDRE) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 66,361 shares of the company’s stock, valued at approximately $2,143,000. Advantage Alpha Capital Partners LP owned 0.16% of Cadre as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CDRE. Principal Financial Group Inc. lifted its holdings in shares of Cadre by 18.4% during the 3rd quarter. Principal Financial Group Inc. now owns 18,390 shares of the company’s stock valued at $698,000 after purchasing an additional 2,856 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Cadre by 62.2% during the third quarter. Advisors Asset Management Inc. now owns 29,582 shares of the company’s stock worth $1,123,000 after buying an additional 11,342 shares during the period. Intech Investment Management LLC bought a new position in shares of Cadre during the third quarter worth about $220,000. Loomis Sayles & Co. L P raised its position in Cadre by 21.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock valued at $35,701,000 after buying an additional 167,214 shares during the last quarter. Finally, Freedom Investment Management Inc. bought a new stake in Cadre in the 3rd quarter valued at approximately $499,000. 43.95% of the stock is currently owned by institutional investors.

Cadre Price Performance

Shares of NYSE CDRE opened at $31.22 on Monday. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 37.62, a PEG ratio of 1.58 and a beta of 1.30. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.01 and a quick ratio of 1.96. Cadre Holdings, Inc. has a fifty-two week low of $29.19 and a fifty-two week high of $40.28. The business has a 50-day moving average of $35.27 and a 200-day moving average of $35.31.

Cadre (NYSE:CDRE) last issued its earnings results on Tuesday, March 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.16). Cadre had a net margin of 6.34% and a return on equity of 12.88%. The firm had revenue of $175.98 million during the quarter, compared to the consensus estimate of $170.95 million. During the same period in the previous year, the company posted $0.25 earnings per share. The firm’s revenue for the quarter was up 41.3% compared to the same quarter last year. As a group, sell-side analysts predict that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.095 dividend. This is an increase from Cadre’s previous quarterly dividend of $0.09. This represents a $0.38 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, January 31st. Cadre’s payout ratio is currently 42.22%.

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.