Loomis Sayles & Co. L P Has $33.82 Million Stake in Cadre Holdings, Inc. (NYSE:CDRE)

Loomis Sayles & Co. L P grew its position in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 11.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,047,097 shares of the company's stock after buying an additional 106,366 shares during the period. Loomis Sayles & Co. L P owned approximately 2.58% of Cadre worth $33,821,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CDRE. Intech Investment Management LLC bought a new stake in Cadre in the 3rd quarter valued at about $220,000. Freedom Investment Management Inc. bought a new stake in shares of Cadre in the third quarter valued at approximately $499,000. Martingale Asset Management L P grew its position in Cadre by 18.4% during the third quarter. Martingale Asset Management L P now owns 32,794 shares of the company's stock worth $1,245,000 after buying an additional 5,105 shares in the last quarter. Fred Alger Management LLC increased its stake 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 acquiring an additional 344,483 shares during the period. Finally, Jane Street Group LLC raised its holdings in Cadre by 16.8% in the 3rd quarter. Jane Street Group LLC now owns 34,144 shares of the company's stock valued at $1,296,000 after acquiring an additional 4,918 shares in the last quarter. Institutional investors and hedge funds own 43.95% of the company's stock.

Cadre Price Performance

Shares of NYSE:CDRE traded up $0.67 during trading on Monday, reaching $29.75. 116,724 shares of the company traded hands, compared to its average volume of 250,442. 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 Holdings, Inc. has a 52 week low of $28.74 and a 52 week high of $40.28. The firm has a market capitalization of $1.21 billion, a PE ratio of 35.84, a PEG ratio of 1.58 and a beta of 1.30. The company's 50 day moving average is $34.85 and its two-hundred day moving average is $35.18.

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Cadre (NYSE:CDRE - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $175.98 million for the quarter, compared to analyst estimates of $170.95 million. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The company's quarterly revenue was up 41.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 earnings per share. As a group, sell-side analysts predict that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Increases Dividend

The company 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. This is an increase from Cadre's previous quarterly dividend of $0.09. This represents a $0.38 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Friday, January 31st. Cadre's payout ratio is currently 42.22%.

Insiders Place Their Bets

In related news, CEO Warren B. Kanders sold 50,000 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $31.88, for a total value of $1,594,000.00. Following the sale, the chief executive officer now directly owns 10,866,192 shares of the company's stock, valued at $346,414,200.96. This trade represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 37.00% of the company's stock.

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.