Bank of New York Mellon Corp raised its holdings in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 20.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 163,063 shares of the company's stock after purchasing an additional 27,300 shares during the period. Bank of New York Mellon Corp owned about 0.40% of Cadre worth $5,267,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Geode Capital Management LLC raised its position in shares of Cadre by 15.1% in the third quarter. Geode Capital Management LLC now owns 583,678 shares of the company's stock valued at $22,155,000 after buying an additional 76,750 shares during the last quarter. Barclays PLC grew its holdings in shares of Cadre by 335.6% during the 3rd quarter. Barclays PLC now owns 53,397 shares of the company's stock worth $2,025,000 after purchasing an additional 41,139 shares during the period. WCM Investment Management LLC acquired a new stake in shares of Cadre during the fourth quarter valued at about $12,420,000. Loomis Sayles & Co. L P increased its holdings in Cadre by 21.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company's stock valued at $35,701,000 after purchasing an additional 167,214 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of Cadre in the third quarter valued at $208,000. 43.95% of the stock is currently owned by hedge funds and other institutional investors.
Cadre Stock Down 2.1 %
Shares of CDRE stock traded down $0.68 during trading hours on Friday, reaching $31.22. 329,481 shares of the stock were exchanged, compared to its average volume of 239,348. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.01 and a quick ratio of 1.96. Cadre Holdings, Inc. has a 12-month low of $29.19 and a 12-month high of $40.28. The firm has a market capitalization of $1.27 billion, a P/E ratio of 37.62, a P/E/G ratio of 1.58 and a beta of 1.30. The business's fifty day moving average is $35.29 and its two-hundred day moving average is $35.34.
Cadre (NYSE:CDRE - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.16). Cadre had a net margin of 6.34% and a return on equity of 12.88%. The firm had revenue of $175.98 million during the quarter, compared to analysts' expectations of $170.95 million. During the same period in the previous year, the firm posted $0.25 earnings per share. The firm's revenue for the quarter was up 41.3% on a year-over-year basis. As a group, research analysts expect that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.
Cadre Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.095 per share. The ex-dividend date was Friday, January 31st. This represents a $0.38 dividend on an annualized basis and a yield of 1.22%. This is an increase from Cadre's previous quarterly dividend of $0.09. Cadre's dividend payout ratio is presently 42.22%.
Cadre Company Profile
(
Free Report)
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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