Cadre Holdings, Inc. $CDRE Shares Purchased by Corbyn Investment Management Inc. MD

Corbyn Investment Management Inc. MD boosted its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 41.4% in the 3rd quarter, Holdings Channel reports. The fund owned 224,730 shares of the company’s stock after buying an additional 65,794 shares during the period. Cadre makes up 1.7% of Corbyn Investment Management Inc. MD’s investment portfolio, making the stock its 17th largest position. Corbyn Investment Management Inc. MD’s holdings in Cadre were worth $5,638,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Sterling Capital Management LLC boosted its position in Cadre by 839.6% in the 3rd quarter. Sterling Capital Management LLC now owns 1,043 shares of the company’s stock worth $26,000 after purchasing an additional 932 shares in the last quarter. KBC Group NV purchased a new position in shares of Cadre during the 1st quarter valued at approximately $41,000. Assetmark Inc. increased its holdings in shares of Cadre by 34.6% during the 1st quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock valued at $58,000 after purchasing an additional 483 shares in the last quarter. State of Wyoming acquired a new position in shares of Cadre in the 2nd quarter valued at $61,000. Finally, Fortitude Family Office LLC acquired a new position in shares of Cadre in the 3rd quarter valued at $59,000. 43.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cadre

In other news, CEO Warren Kanders sold 100,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $33.36, for a total value of $3,336,000.00. Following the transaction, the chief executive officer directly owned 9,517,039 shares of the company’s stock, valued at approximately $317,488,421.04. This trade represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 30.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on CDRE shares. Wall Street Zen raised shares of Cadre from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Roth Capital reiterated a “buy” rating and issued a $43.00 price objective (up from $40.00) on shares of Cadre in a research report on Monday, August 10th. JPMorgan Chase & Co. decreased their price objective on shares of Cadre from $45.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. DA Davidson increased their target price on shares of Cadre from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Finally, Jefferies Financial Group restated a “buy” rating and set a $43.00 target price on shares of Cadre in a research report on Sunday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Cadre has a consensus rating of “Moderate Buy” and a consensus price target of $43.33.

Cadre Stock Down 0.4%

Shares of CDRE opened at $30.93 on Thursday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.35 and a current ratio of 2.14. Cadre Holdings, Inc. has a one year low of $24.07 and a one year high of $48.76. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 36.39, a PEG ratio of 1.04 and a beta of 1.29. The stock has a 50 day moving average price of $27.86 and a 200 day moving average price of $32.19.

Cadre (NYSE:CDRE) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. The company had revenue of $202.88 million for the quarter, compared to analyst estimates of $190.67 million. Cadre had a return on equity of 12.02% and a net margin of 5.26%. Equities research analysts forecast that Cadre Holdings, Inc. will post 1.33 earnings per share for the current fiscal year.

Cadre Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.3%. Cadre’s dividend payout ratio is presently 47.06%.

About Cadre

Cadre Holdings, Inc is a manufacturer and supplier of equipment used by law enforcement, military personnel, first responders and other public-safety professionals. The company develops products designed to protect personnel, support mission readiness and improve operational performance in demanding environments.

Cadre’s product portfolio includes body armor, tactical equipment, duty gear, holsters, helmets, protective apparel, restraints and related accessories. Its brands also provide equipment for explosive-ordnance disposal, emergency rescue and water-safety applications.