Cadre Holdings, Inc. (NYSE:CDRE) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its holdings in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 20.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 91,949 shares of the company's stock after acquiring an additional 15,697 shares during the period. Russell Investments Group Ltd. owned approximately 0.23% of Cadre worth $2,970,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in Cadre by 15.1% during the third 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. Barclays PLC lifted its stake in 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 acquiring an additional 41,139 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Cadre during the 4th quarter valued at about $697,000. WCM Investment Management LLC acquired a new position in Cadre in the 4th quarter valued at about $12,420,000. Finally, JPMorgan Chase & Co. increased its stake in Cadre by 21.1% during the fourth quarter. JPMorgan Chase & Co. now owns 201,675 shares of the company's stock worth $6,514,000 after purchasing an additional 35,136 shares during the period. Institutional investors and hedge funds own 43.95% of the company's stock.

Insider Transactions at Cadre

In related news, CEO Warren B. Kanders sold 50,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 10,866,192 shares in the company, valued at $346,414,200.96. This trade represents a 0.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 37.00% of the company's stock.

Cadre Stock Up 0.3 %

Shares of CDRE stock traded up $0.09 during trading on Friday, reaching $30.73. The company's stock had a trading volume of 127,036 shares, compared to its average volume of 240,812. Cadre Holdings, Inc. has a 1-year low of $27.07 and a 1-year high of $40.28. The stock's 50-day moving average price is $32.09 and its 200 day moving average price is $34.35. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 37.02, a P/E/G ratio of 1.58 and a beta of 1.33. 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 (NYSE:CDRE - Get Free Report) last announced 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 company had revenue of $175.98 million during the quarter, compared to analyst estimates of $170.95 million. During the same quarter in the previous year, the business posted $0.25 earnings per share. The firm's revenue was up 41.3% on a year-over-year basis. On average, research analysts anticipate that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.24%. This is an increase from Cadre's previous quarterly dividend of $0.09. Cadre's payout ratio is presently 42.22%.

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.