Loomis Sayles & Co. L P Has $35.70 Million Position in Cadre Holdings, Inc. (NYSE:CDRE)

Loomis Sayles & Co. L P grew its position in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 21.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 940,731 shares of the company's stock after purchasing an additional 167,214 shares during the period. Loomis Sayles & Co. L P owned approximately 2.32% of Cadre worth $35,701,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CDRE. Navellier & Associates Inc. acquired a new stake in Cadre in the 3rd quarter valued at approximately $378,000. Intech Investment Management LLC acquired a new position in shares of Cadre during the third quarter valued at $220,000. Advisors Asset Management Inc. raised its stake 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 valued at $1,123,000 after purchasing an additional 11,342 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Cadre by 66.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 10,732 shares of the company's stock worth $407,000 after purchasing an additional 4,289 shares during the period. Finally, Principal Financial Group Inc. grew its position in 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 buying an additional 2,856 shares in the last quarter. Institutional investors and hedge funds own 43.95% of the company's stock.

Cadre Price Performance

Shares of Cadre stock traded down $0.05 during trading on Tuesday, hitting $33.55. The stock had a trading volume of 247,775 shares, compared to its average volume of 232,041. The business has a fifty day moving average of $36.49 and a two-hundred day moving average of $34.94. Cadre Holdings, Inc. has a fifty-two week low of $29.18 and a fifty-two week high of $40.28. The firm has a market cap of $1.36 billion, a P/E ratio of 40.42, a PEG ratio of 1.98 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 (NYSE:CDRE - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.03. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The company had revenue of $109.41 million during the quarter, compared to the consensus estimate of $126.27 million. During the same period in the prior year, the company earned $0.29 EPS. Cadre's revenue was down 12.6% on a year-over-year basis. On average, sell-side analysts expect that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.0875 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.04%. Cadre's dividend payout ratio (DPR) is presently 42.17%.

Insider Transactions at Cadre

In other news, Director Nicolas Sokolow sold 1,095 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $34.10, for a total value of $37,339.50. Following the completion of the sale, the director now owns 83,208 shares in the company, valued at $2,837,392.80. This represents a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Warren B. Kanders sold 50,000 shares of Cadre stock in a transaction on Friday, November 15th. The shares were sold at an average price of $32.68, for a total value of $1,634,000.00. Following the transaction, the chief executive officer now owns 11,907,211 shares in the company, valued at $389,127,655.48. This represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 64,059 shares of company stock valued at $2,093,154 in the last three months. 37.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm dropped their price target on shares of Cadre from $39.00 to $37.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $39.75.

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.