WCM Investment Management LLC Makes New $12.42 Million Investment in Cadre Holdings, Inc. (NYSE:CDRE)

WCM Investment Management LLC bought a new stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 387,292 shares of the company’s stock, valued at approximately $12,420,000. WCM Investment Management LLC owned approximately 0.95% of Cadre at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. The Manufacturers Life Insurance Company raised its holdings in Cadre by 29.7% in the second quarter. The Manufacturers Life Insurance Company now owns 13,706 shares of the company’s stock valued at $460,000 after acquiring an additional 3,141 shares in the last quarter. Truist Financial Corp bought a new stake in shares of Cadre in the 2nd quarter worth about $209,000. Hennion & Walsh Asset Management Inc. raised its stake in shares of Cadre by 9.8% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 19,364 shares of the company’s stock valued at $735,000 after purchasing an additional 1,721 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Cadre by 18.4% during the third quarter. Principal Financial Group Inc. now owns 18,390 shares of the company’s stock worth $698,000 after purchasing an additional 2,856 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in Cadre by 66.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 10,732 shares of the company’s stock valued at $407,000 after buying an additional 4,289 shares during the last quarter. 43.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Cadre news, Director Nicolas Sokolow sold 5,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $33.25, for a total transaction of $166,250.00. Following the completion of the transaction, the director now directly owns 482,620 shares of the company’s stock, valued at $16,047,115. The trade was a 1.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Warren B. Kanders sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $35.83, for a total transaction of $895,750.00. Following the completion of the sale, the chief executive officer now owns 11,532,211 shares in the company, valued at $413,199,120.13. The trade was a 0.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 226,310 shares of company stock valued at $7,704,941. 37.00% of the stock is currently owned by insiders.

Cadre Trading Down 1.3 %

Cadre stock opened at $35.48 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01. Cadre Holdings, Inc. has a 1 year low of $29.18 and a 1 year high of $40.28. The firm’s 50-day moving average is $35.22 and its 200-day moving average is $35.57. The company has a market cap of $1.44 billion, a P/E ratio of 42.75, a PEG ratio of 1.63 and a beta of 1.27.

Cadre Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a $0.095 dividend. This is an increase from Cadre’s previous quarterly dividend of $0.09. This represents a $0.38 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Friday, January 31st. Cadre’s payout ratio is presently 45.78%.

Analyst Ratings Changes

Separately, Roth Mkm reduced their target price on Cadre from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, November 7th.

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.