Cadre Holdings, Inc. (NYSE:CDRE) is Catawba River Capital's 3rd Largest Position

Catawba River Capital grew its position in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 51.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 455,824 shares of the company's stock after purchasing an additional 154,986 shares during the period. Cadre comprises about 8.8% of Catawba River Capital's portfolio, making the stock its 3rd largest position. Catawba River Capital owned about 1.12% of Cadre worth $14,723,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. grew its stake in Cadre by 51.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,066 shares of the company's stock valued at $99,000 after purchasing an additional 1,048 shares during the period. SG Americas Securities LLC bought a new position in Cadre during the fourth quarter valued at about $100,000. Franklin Resources Inc. purchased a new stake in Cadre during the third quarter worth about $208,000. Intech Investment Management LLC bought a new stake in Cadre in the third quarter worth about $220,000. Finally, Truist Financial Corp purchased a new position in Cadre in the second quarter valued at about $209,000. 43.95% of the stock is owned by institutional investors.

Cadre Stock Performance

NYSE:CDRE traded down $0.55 on Friday, reaching $35.16. 36,071 shares of the company's stock were exchanged, compared to its average volume of 241,599. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 42.36, a P/E/G ratio of 1.63 and a beta of 1.27. 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 fifty day simple moving average of $35.30 and a 200-day simple moving average of $35.56. Cadre Holdings, Inc. has a 52 week low of $29.18 and a 52 week high of $40.28.

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 given a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.38 annualized dividend and a dividend yield of 1.08%. This is an increase from Cadre's previous quarterly dividend of $0.09. Cadre's dividend payout ratio is currently 45.78%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Cadre news, CEO Warren B. Kanders sold 7,964 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $32.09, for a total value of $255,564.76. Following the sale, the chief executive officer now directly owns 11,899,247 shares in the company, valued at $381,846,836.23. This represents a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Nicolas Sokolow sold 1,095 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $34.10, for a total transaction of $37,339.50. Following the transaction, the director now owns 83,208 shares of the company's stock, valued at $2,837,392.80. This trade represents a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 176,310 shares of company stock worth $6,070,941. 37.00% of the stock is owned by corporate insiders.

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.