Victory Capital Management Inc. Makes New $697,000 Investment in Cadre Holdings, Inc. (NYSE:CDRE)

Victory Capital Management Inc. purchased a new stake in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 21,583 shares of the company's stock, valued at approximately $697,000. Victory Capital Management Inc. owned 0.05% of Cadre as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. WCM Investment Management LLC acquired a new stake in shares of Cadre in the fourth quarter valued at about $12,420,000. Fred Alger Management LLC raised its stake in shares of 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 purchasing an additional 344,483 shares in the last quarter. Loomis Sayles & Co. L P boosted its holdings in shares of Cadre by 21.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company's stock valued at $35,701,000 after buying an additional 167,214 shares during the last quarter. Catawba River Capital grew its stake in shares of 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, Geode Capital Management LLC increased its holdings in Cadre by 15.1% during the third 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 last quarter. Institutional investors own 43.95% of the company's stock.

Cadre Stock Performance

CDRE stock traded down $0.30 during trading hours on Tuesday, reaching $31.27. The stock had a trading volume of 298,070 shares, compared to its average volume of 238,861. The stock has a market capitalization of $1.27 billion, a PE ratio of 37.67, a price-to-earnings-growth ratio of 1.58 and a beta of 1.30. The stock has a 50-day simple moving average of $35.26 and a 200 day simple moving average of $35.28. Cadre Holdings, Inc. has a fifty-two week low of $29.19 and a fifty-two week high of $40.28. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.01 and a quick ratio of 1.96.

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Cadre (NYSE:CDRE - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.16). The business had revenue of $175.98 million for the quarter, compared to the consensus estimate of $170.95 million. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The company's revenue for the quarter was up 41.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 EPS. Analysts predict that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal 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. This represents a $0.38 dividend on an annualized basis and a yield of 1.22%. This is a boost from Cadre's previous quarterly dividend of $0.09. The ex-dividend date was Friday, January 31st. Cadre's payout ratio is 42.22%.

Insider Buying and Selling at Cadre

In other news, CEO Warren B. Kanders sold 50,000 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 10,866,192 shares of the company's stock, valued at approximately $346,414,200.96. This represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 37.00% of the company's stock.

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.