Capital International Investors Has $64.01 Million Holdings in Cadre Holdings, Inc. (NYSE:CDRE)

Capital International Investors boosted its holdings in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 118.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,981,602 shares of the company's stock after acquiring an additional 1,074,471 shares during the quarter. Capital International Investors owned 4.88% of Cadre worth $64,006,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Jane Street Group LLC lifted its position in Cadre by 16.8% in the third quarter. Jane Street Group LLC now owns 34,144 shares of the company's stock worth $1,296,000 after purchasing an additional 4,918 shares during the period. Barclays PLC boosted its holdings in shares of Cadre by 335.6% in the third quarter. Barclays PLC now owns 53,397 shares of the company's stock worth $2,025,000 after buying an additional 41,139 shares during the period. Geode Capital Management LLC grew its position in Cadre by 15.1% during the 3rd quarter. Geode Capital Management LLC now owns 583,678 shares of the company's stock worth $22,155,000 after purchasing an additional 76,750 shares in the last quarter. Franklin Resources Inc. purchased a new stake in Cadre in the 3rd quarter worth about $208,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Cadre by 18.4% during the third quarter. Principal Financial Group Inc. now owns 18,390 shares of the company's stock worth $698,000 after purchasing an additional 2,856 shares during the period. 43.95% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Warren B. Kanders sold 50,000 shares of Cadre stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $31.88, for a total transaction of $1,594,000.00. Following the sale, the chief executive officer now directly owns 10,866,192 shares of the company's stock, valued at $346,414,200.96. This trade represents 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. Company insiders own 37.00% of the company's stock.

Cadre Stock Up 0.2 %

Shares of NYSE CDRE traded up $0.07 during mid-day trading on Wednesday, reaching $29.44. The company had a trading volume of 215,024 shares, compared to its average volume of 241,156. Cadre Holdings, Inc. has a twelve month low of $27.07 and a twelve month high of $40.28. The stock's 50 day moving average is $31.84 and its 200-day moving average is $34.22. 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 $1.20 billion, a PE ratio of 35.46, a price-to-earnings-growth ratio of 1.58 and a beta of 1.33.

Cadre (NYSE:CDRE - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.32 earnings per share (EPS) 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 business had revenue of $175.98 million during the quarter, compared to analyst estimates of $170.95 million. During the same period in the previous year, the firm posted $0.25 EPS. The firm's revenue for the quarter was up 41.3% on a year-over-year basis. As a group, equities analysts anticipate that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be given a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Friday, May 2nd. Cadre's dividend 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.