Advantage Alpha Capital Partners LP Invests $2.14 Million in Cadre Holdings, Inc. (NYSE:CDRE)

Advantage Alpha Capital Partners LP acquired a new position in shares of Cadre Holdings, Inc. (NYSE:CDRE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 66,361 shares of the company’s stock, valued at approximately $2,143,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. WCM Investment Management LLC bought a new stake in Cadre during the 4th quarter worth approximately $12,420,000. Fred Alger Management LLC increased its stake in Cadre by 87.5% in the third quarter. Fred Alger Management LLC now owns 738,121 shares of the company’s stock valued at $28,012,000 after purchasing an additional 344,483 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Cadre in the 4th quarter valued at about $8,179,000. Loomis Sayles & Co. L P raised its position in shares of Cadre by 21.6% during the third quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock worth $35,701,000 after purchasing an additional 167,214 shares during the period. Finally, Catawba River Capital grew its position in Cadre by 51.5% in the 4th quarter. Catawba River Capital now owns 455,824 shares of the company’s stock valued at $14,723,000 after purchasing an additional 154,986 shares during the period. 43.95% of the stock is currently owned by institutional investors and hedge funds.

Cadre Stock Down 2.1 %

Cadre stock opened at $31.22 on Monday. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65. The firm’s fifty day moving average price is $35.27 and its two-hundred day moving average price is $35.31. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 37.62, a price-to-earnings-growth ratio of 1.58 and a beta of 1.30. Cadre Holdings, Inc. has a 1-year low of $29.19 and a 1-year high of $40.28.

Cadre (NYSE:CDRE) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.16). The company had revenue of $175.98 million during the quarter, compared to analysts’ expectations of $170.95 million. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The business’s revenue for the quarter was up 41.3% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share. On average, equities research analysts predict that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.095 dividend. This is a positive change from Cadre’s previous quarterly dividend of $0.09. The ex-dividend date was Friday, January 31st. This represents a $0.38 annualized dividend and a dividend yield of 1.22%. Cadre’s dividend payout ratio is presently 42.22%.

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.