Deprince Race & Zollo Inc. Buys 48,510 Shares of Cadre Holdings, Inc. (NYSE:CDRE)

Deprince Race & Zollo Inc. increased its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 194.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 73,399 shares of the company's stock after buying an additional 48,510 shares during the period. Deprince Race & Zollo Inc. owned 0.18% of Cadre worth $2,463,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in Cadre by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 144,674 shares of the company's stock worth $4,758,000 after buying an additional 3,237 shares during the period. Trexquant Investment LP acquired a new stake in Cadre in the 4th quarter worth about $463,000. Hennion & Walsh Asset Management Inc. bought a new stake in Cadre in the 1st quarter valued at about $439,000. Allspring Global Investments Holdings LLC grew its position in shares of Cadre by 624.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,546 shares of the company's stock worth $599,000 after purchasing an additional 14,263 shares in the last quarter. Finally, New York State Teachers Retirement System grew its position in shares of Cadre by 1,640.0% during the 1st quarter. New York State Teachers Retirement System now owns 1,740 shares of the company's stock worth $63,000 after purchasing an additional 1,640 shares in the last quarter. Institutional investors and hedge funds own 43.95% of the company's stock.

Cadre Price Performance

CDRE stock traded down $0.01 during midday trading on Friday, reaching $37.87. The company had a trading volume of 225,593 shares, compared to its average volume of 239,920. Cadre Holdings, Inc. has a 1-year low of $26.08 and a 1-year high of $39.81. The stock has a 50 day moving average price of $35.60 and a 200-day moving average price of $34.43. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.17 and a quick ratio of 2.14. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 37.51, a price-to-earnings-growth ratio of 2.22 and a beta of 1.28.

Cadre (NYSE:CDRE - Get Free Report) last issued its quarterly earnings results on Friday, August 9th. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.04. Cadre had a net margin of 7.55% and a return on equity of 17.45%. The company had revenue of $144.31 million during the quarter, compared to the consensus estimate of $142.06 million. During the same quarter in the prior year, the firm posted $0.29 EPS. The firm's quarterly revenue was up 19.2% on a year-over-year basis. Equities research analysts expect that Cadre Holdings, Inc. will post 1.04 earnings per share for the current year.

Cadre Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 0.92%. The ex-dividend date was Friday, August 2nd. Cadre's payout ratio is 34.65%.

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.