Barclays PLC Boosts Stock Holdings in Cadre Holdings, Inc. (NYSE:CDRE)

Barclays PLC boosted its stake in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 335.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,397 shares of the company's stock after purchasing an additional 41,139 shares during the quarter. Barclays PLC owned about 0.13% of Cadre worth $2,025,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board bought a new stake in shares of Cadre during the second quarter valued at approximately $141,000. Truist Financial Corp acquired a new stake in Cadre in the 2nd quarter valued at $209,000. Oppenheimer Asset Management Inc. bought a new stake in Cadre during the 2nd quarter valued at $216,000. Intech Investment Management LLC acquired a new position in Cadre during the third quarter worth $220,000. Finally, Arizona State Retirement System lifted its stake in shares of Cadre by 16.8% in the second quarter. Arizona State Retirement System now owns 7,239 shares of the company's stock valued at $243,000 after buying an additional 1,041 shares in the last quarter. 43.95% of the stock is owned by institutional investors.

Cadre Stock Up 1.4 %

CDRE traded up $0.44 during mid-day trading on Friday, reaching $32.05. 360,465 shares of the stock were exchanged, compared to its average volume of 241,970. Cadre Holdings, Inc. has a 1 year low of $29.18 and a 1 year high of $40.28. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01. The stock has a market capitalization of $1.30 billion, a PE ratio of 38.61, a price-to-earnings-growth ratio of 2.11 and a beta of 1.23. The company has a 50 day moving average price of $34.68 and a two-hundred day moving average price of $35.32.

Cadre (NYSE:CDRE - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. The business had revenue of $109.41 million for the quarter, compared to analysts' expectations of $126.27 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The firm's revenue for the quarter was down 12.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 earnings per share. As a group, research analysts anticipate that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Friday, November 1st. Cadre's payout ratio is 42.17%.

Analyst Upgrades and Downgrades

Separately, Roth Mkm decreased their target price on shares of Cadre from $39.00 to $37.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $39.75.

Insider Buying and Selling

In related news, CEO Warren B. Kanders sold 25,000 shares of Cadre stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $35.83, for a total value of $895,750.00. Following the sale, the chief executive officer now owns 11,532,211 shares of the company's stock, valued at approximately $413,199,120.13. The trade was a 0.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Nicolas Sokolow sold 5,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $33.25, for a total value of $166,250.00. Following the transaction, the director now directly owns 482,620 shares of the company's stock, valued at approximately $16,047,115. This trade represents a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 226,310 shares of company stock worth $7,704,941. 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.