Brown University Invests $3.26 Million in Cadre Holdings, Inc. (NYSE:CDRE)

Brown University acquired a new stake in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 100,802 shares of the company's stock, valued at approximately $3,256,000. Cadre accounts for 1.4% of Brown University's portfolio, making the stock its 8th largest holding. Brown University owned approximately 0.25% of Cadre at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CDRE. Principal Financial Group Inc. lifted its stake in shares of Cadre by 18.4% in 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 during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of Cadre by 66.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,732 shares of the company's stock valued at $407,000 after purchasing an additional 4,289 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Cadre by 62.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 29,582 shares of the company's stock valued at $1,123,000 after purchasing an additional 11,342 shares during the period. Intech Investment Management LLC acquired a new position in shares of Cadre in the 3rd quarter valued at $220,000. Finally, Navellier & Associates Inc. acquired a new position in shares of Cadre in the 3rd quarter valued at $378,000. 43.95% of the stock is currently owned by institutional investors and hedge funds.

Cadre Stock Performance

Shares of CDRE traded down $0.47 during trading hours on Thursday, hitting $31.89. The stock had a trading volume of 257,221 shares, compared to its average volume of 238,524. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01. The firm has a 50-day moving average price of $35.30 and a 200 day moving average price of $35.37. Cadre Holdings, Inc. has a fifty-two week low of $29.19 and a fifty-two week high of $40.28. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 38.42, a PEG ratio of 1.58 and a beta of 1.30.

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Cadre (NYSE:CDRE - Get Free Report) last posted its 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). 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 analyst estimates of $170.95 million. During the same quarter in the prior year, the firm earned $0.25 earnings per share. The business's revenue for the quarter was up 41.3% on a year-over-year basis. As a group, research analysts anticipate that Cadre Holdings, Inc. will post 1.05 EPS for the current 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 given a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, January 31st. This is a boost from Cadre's previous quarterly dividend of $0.09. This represents a $0.38 dividend on an annualized basis and a yield of 1.19%. Cadre's dividend payout ratio is currently 42.22%.

Cadre 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.