253,215 Shares in Cadre Holdings, Inc. (NYSE:CDRE) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 253,215 shares of the company's stock, valued at approximately $8,179,000. Raymond James Financial Inc. owned approximately 0.62% of Cadre at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Martingale Asset Management L P lifted its stake in shares of Cadre by 3.2% during the fourth quarter. Martingale Asset Management L P now owns 33,844 shares of the company's stock valued at $1,093,000 after buying an additional 1,050 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Cadre by 0.5% during the 4th quarter. Renaissance Technologies LLC now owns 324,400 shares of the company's stock worth $10,478,000 after purchasing an additional 1,600 shares during the period. Invesco Ltd. boosted its holdings in shares of Cadre by 6.9% during the fourth quarter. Invesco Ltd. now owns 252,332 shares of the company's stock worth $8,150,000 after purchasing an additional 16,267 shares during the last quarter. FMR LLC grew its position in shares of Cadre by 1.0% in the fourth quarter. FMR LLC now owns 4,574,470 shares of the company's stock valued at $147,755,000 after purchasing an additional 44,469 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Cadre by 20.6% in the fourth quarter. Russell Investments Group Ltd. now owns 91,949 shares of the company's stock valued at $2,970,000 after purchasing an additional 15,697 shares during the last quarter. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

Cadre Stock Up 1.0 %

Shares of NYSE:CDRE opened at $29.43 on Wednesday. Cadre Holdings, Inc. has a 12-month low of $27.07 and a 12-month high of $40.28. The stock's 50-day moving average price is $31.84 and its two-hundred day moving average price is $34.22. 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 has a market cap of $1.20 billion, a price-to-earnings ratio of 35.46, a PEG ratio of 1.58 and a beta of 1.33.

Cadre (NYSE:CDRE - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 net margin of 6.34% and a return on equity of 12.88%. Cadre's revenue for the quarter was up 41.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 earnings per share. On average, research analysts forecast that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.29%. Cadre's payout ratio is currently 42.22%.

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 shares were sold at an average price of $31.88, for a total transaction of $1,594,000.00. Following the completion of the sale, the chief executive officer now directly owns 10,866,192 shares in the company, valued at $346,414,200.96. The trade was a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 37.00% of the stock is owned by company insiders.

About Cadre

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.

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