Capital Research Global Investors Takes Position in Cadre Holdings, Inc. (NYSE:CDRE)

Capital Research Global Investors purchased a new position in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 462,454 shares of the company's stock, valued at approximately $14,937,000. Capital Research Global Investors owned about 1.14% of Cadre at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in Cadre by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 505,711 shares of the company's stock worth $16,334,000 after buying an additional 44,785 shares during the last quarter. Commerce Bank purchased a new position in shares of Cadre during the 4th quarter valued at about $289,000. Capital International Investors lifted its holdings in shares of Cadre by 118.4% in the 4th quarter. Capital International Investors now owns 1,981,602 shares of the company's stock valued at $64,006,000 after buying an additional 1,074,471 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Cadre by 50.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 4,800 shares of the company's stock worth $155,000 after buying an additional 1,600 shares during the last quarter. Finally, Gabelli Funds LLC grew its holdings in Cadre by 9.0% during the fourth quarter. Gabelli Funds LLC now owns 13,810 shares of the company's stock worth $446,000 after acquiring an additional 1,139 shares during the period. 43.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Warren B. Kanders sold 50,000 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $31.88, for a total transaction of $1,594,000.00. Following the completion of the sale, the chief executive officer now owns 10,866,192 shares of the company's stock, valued at approximately $346,414,200.96. This represents a 0.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 37.00% of the company's stock.

Cadre Stock Performance

NYSE:CDRE traded up $0.62 during trading hours on Thursday, reaching $30.01. The company had a trading volume of 254,767 shares, compared to its average volume of 241,728. The firm has a market cap of $1.22 billion, a PE ratio of 36.16, a price-to-earnings-growth ratio of 1.58 and a beta of 1.33. Cadre Holdings, Inc. has a 1-year low of $27.07 and a 1-year high of $40.28. The business's 50 day moving average price is $31.62 and its 200-day moving average price is $34.13. 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 released its quarterly earnings data on Tuesday, March 11th. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.16). The firm had revenue of $175.98 million during the quarter, compared to analysts' expectations of $170.95 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The firm's quarterly revenue was up 41.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 EPS. Research analysts forecast that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Friday, May 2nd. Cadre's payout ratio is 42.22%.

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.