Raymond James Financial Inc. Invests $8.18 Million in Cadre Holdings, Inc. (NYSE:CDRE)

Raymond James Financial Inc. purchased a new stake in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 253,215 shares of the company's stock, valued at approximately $8,179,000. Raymond James Financial Inc. owned approximately 0.62% of Cadre as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. LVZ Inc. raised its stake in Cadre by 25.4% in the fourth quarter. LVZ Inc. now owns 10,164 shares of the company's stock valued at $328,000 after purchasing an additional 2,058 shares in the last quarter. Assetmark Inc. purchased a new stake in shares of Cadre during the 4th quarter valued at $31,000. Victory Capital Management Inc. bought a new stake in shares of Cadre during the 4th quarter worth $697,000. Charles Schwab Investment Management Inc. grew its position in Cadre by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 216,604 shares of the company's stock worth $6,996,000 after acquiring an additional 1,895 shares in the last quarter. Finally, US Bancorp DE increased its stake in Cadre by 10.6% in the fourth quarter. US Bancorp DE now owns 4,178 shares of the company's stock valued at $135,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 43.95% of the company's stock.

Insider Buying and Selling at Cadre

In other Cadre news, CEO Warren B. Kanders sold 50,000 shares of the business'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 completion of the sale, the chief executive officer now owns 10,866,192 shares in the company, valued at approximately $346,414,200.96. The trade was a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 37.00% of the company's stock.

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Cadre Price Performance

CDRE stock traded down $1.05 during mid-day trading on Wednesday, hitting $30.27. 173,051 shares of the stock were exchanged, compared to its average volume of 238,556. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.01 and a quick ratio of 1.96. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 36.47, a PEG ratio of 1.58 and a beta of 1.30. The business has a fifty day moving average price of $35.23 and a 200 day moving average price of $35.27. Cadre Holdings, Inc. has a 12 month low of $29.19 and a 12 month high of $40.28.

Cadre (NYSE:CDRE - Get Free Report) last issued 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 net margin of 6.34% and a return on equity of 12.88%. The firm's revenue was up 41.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 earnings per share. On average, sell-side analysts anticipate that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.095 dividend. The ex-dividend date was Friday, January 31st. This is an increase from Cadre's previous quarterly dividend of $0.09. This represents a $0.38 annualized dividend and a yield of 1.26%. Cadre's payout ratio is currently 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.