Boston Partners Sells 12,398 Shares of Cadre Holdings, Inc. (NYSE:CDRE)

Boston Partners cut its holdings in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 58.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,636 shares of the company’s stock after selling 12,398 shares during the period. Boston Partners’ holdings in Cadre were worth $279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CDRE. Loomis Sayles & Co. L P lifted its holdings in shares of 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 raised its holdings in Cadre by 87.5% during the 3rd quarter. Fred Alger Management LLC now owns 738,121 shares of the company’s stock worth $28,012,000 after buying an additional 344,483 shares during the period. Geode Capital Management LLC raised its holdings in Cadre by 15.1% during the 3rd quarter. Geode Capital Management LLC now owns 583,678 shares of the company’s stock worth $22,155,000 after buying an additional 76,750 shares during the period. Catawba River Capital lifted its stake in Cadre by 51.5% in the fourth quarter. Catawba River Capital now owns 455,824 shares of the company’s stock valued at $14,723,000 after buying an additional 154,986 shares in the last quarter. Finally, WCM Investment Management LLC acquired a new position in shares of Cadre in the fourth quarter valued at approximately $12,420,000. 43.95% of the stock is owned by institutional investors and hedge funds.

Cadre Trading Down 2.1 %

Shares of NYSE:CDRE opened at $31.22 on Monday. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 37.62, a PEG ratio of 1.58 and a beta of 1.30. Cadre Holdings, Inc. has a 12 month low of $29.19 and a 12 month high of $40.28. The company’s fifty day simple moving average is $35.27 and its 200 day simple moving average is $35.31. The company has a quick ratio of 1.96, a current ratio of 3.01 and a debt-to-equity ratio of 0.65.

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

Cadre Increases Dividend

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

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.