Fmr LLC Increases Stock Position in Cadre Holdings, Inc. (NYSE:CDRE)

FMR LLC lifted its stake in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,574,470 shares of the company's stock after buying an additional 44,469 shares during the period. FMR LLC owned approximately 11.26% of Cadre worth $147,755,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Cadre by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 1,390,965 shares of the company's stock valued at $44,928,000 after acquiring an additional 24,954 shares during the last quarter. Loomis Sayles & Co. L P increased its holdings in Cadre by 11.3% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,047,097 shares of the company's stock valued at $33,821,000 after purchasing an additional 106,366 shares during the period. Geode Capital Management LLC raised its position in Cadre by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 586,255 shares of the company's stock valued at $18,941,000 after purchasing an additional 2,577 shares during the last quarter. Catawba River Capital lifted its holdings in Cadre by 51.5% in the 4th quarter. Catawba River Capital now owns 455,824 shares of the company's stock worth $14,723,000 after buying an additional 154,986 shares during the period. Finally, WCM Investment Management LLC bought a new stake in shares of Cadre in the 4th quarter worth approximately $12,420,000. Institutional investors own 43.95% of the company's stock.

Insider Buying and Selling at Cadre

In other news, CEO Warren B. Kanders sold 50,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $31.88, for a total value of $1,594,000.00. Following the completion of the transaction, 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. Insiders own 37.00% of the company's stock.

Cadre Trading Up 0.3 %

Shares of Cadre stock traded up $0.09 during midday trading on Friday, reaching $30.73. 127,036 shares of the company's stock traded hands, compared to its average volume of 240,339. The stock has a 50 day moving average of $32.20 and a 200-day moving average of $34.43. Cadre Holdings, Inc. has a 12 month low of $27.07 and a 12 month high of $40.28. The company has a market cap of $1.25 billion, a PE ratio of 37.02, a price-to-earnings-growth ratio of 1.58 and a beta of 1.33. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01.

Cadre (NYSE:CDRE - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.16). Cadre had a return on equity of 12.88% and a net margin of 6.34%. The company had revenue of $175.98 million during the quarter, compared to the consensus estimate of $170.95 million. During the same quarter last year, the company posted $0.25 earnings per share. The firm's revenue for the quarter was up 41.3% compared to the same quarter last year. As a group, equities analysts expect that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.095 dividend. The ex-dividend date was Friday, January 31st. This is a positive change from Cadre's previous quarterly dividend of $0.09. This represents a $0.38 annualized dividend and a yield of 1.24%. Cadre's dividend payout ratio (DPR) is 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.