Kornitzer Capital Management Inc. KS Sells 18,100 Shares of Cadre Holdings, Inc. (NYSE:CDRE)

Kornitzer Capital Management Inc. KS lowered its position in Cadre Holdings, Inc. (NYSE:CDREFree Report) by 22.6% during the fourth quarter, Holdings Channel reports. The firm owned 61,900 shares of the company’s stock after selling 18,100 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Cadre were worth $2,036,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Point72 Middle East FZE acquired a new position in shares of Cadre in the 4th quarter worth approximately $37,000. Covestor Ltd lifted its position in shares of Cadre by 49,625.0% in the 3rd quarter. Covestor Ltd now owns 1,989 shares of the company’s stock worth $53,000 after purchasing an additional 1,985 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Cadre by 992.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,283 shares of the company’s stock worth $75,000 after purchasing an additional 2,074 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Cadre by 75.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,322 shares of the company’s stock worth $56,000 after purchasing an additional 1,001 shares during the period. Finally, Federated Hermes Inc. acquired a new position in shares of Cadre in the 1st quarter worth approximately $60,000. Institutional investors and hedge funds own 43.95% of the company’s stock.

Insiders Place Their Bets

In other Cadre news, CEO Warren B. Kanders sold 1,438,127 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $35.00, for a total transaction of $50,334,445.00. Following the transaction, the chief executive officer now owns 12,184,918 shares in the company, valued at $426,472,130. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 49.20% of the company’s stock.

Cadre Stock Down 0.3 %

Cadre stock opened at $32.86 on Friday. The company has a quick ratio of 1.73, a current ratio of 2.58 and a debt-to-equity ratio of 0.65. The firm’s fifty day moving average is $35.59 and its 200 day moving average is $32.85. Cadre Holdings, Inc. has a 12-month low of $19.13 and a 12-month high of $39.81. The company has a market capitalization of $1.24 billion, a PE ratio of 32.22, a PEG ratio of 1.73 and a beta of 1.32.

Cadre (NYSE:CDREGet Free Report) last released its quarterly earnings data on Tuesday, March 5th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.11. Cadre had a net margin of 8.01% and a return on equity of 21.85%. The firm had revenue of $124.58 million for the quarter, compared to the consensus estimate of $122.30 million. As a group, sell-side analysts predict that Cadre Holdings, Inc. will post 1.18 EPS for the current fiscal year.

Cadre Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 2nd were issued a dividend of $0.0875 per share. This is an increase from Cadre’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $0.35 annualized dividend and a yield of 1.07%. Cadre’s dividend payout ratio is presently 34.31%.

Analysts Set New Price Targets

CDRE has been the topic of a number of recent analyst reports. B. Riley restated a “buy” rating and issued a $48.00 price target (up previously from $40.00) on shares of Cadre in a research report on Wednesday, March 6th. Raymond James downgraded shares of Cadre from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Roth Mkm reiterated a “buy” rating and set a $43.00 target price (up previously from $38.00) on shares of Cadre in a research report on Wednesday, March 6th. Stifel Nicolaus boosted their target price on shares of Cadre from $33.00 to $34.00 and gave the company a “hold” rating in a research report on Wednesday, March 6th. Finally, Stephens boosted their target price on shares of Cadre from $36.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.25.

Get Our Latest Stock Report on CDRE

Cadre Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CDRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cadre Holdings, Inc. (NYSE:CDREFree Report).

Institutional Ownership by Quarter for Cadre (NYSE:CDRE)

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