Franklin Resources Inc. Buys 9,257 Shares of Cadre Holdings, Inc. (NYSE:CDRE)

Franklin Resources Inc. boosted its holdings in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 171.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,662 shares of the company's stock after buying an additional 9,257 shares during the period. Franklin Resources Inc.'s holdings in Cadre were worth $474,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. acquired a new stake in shares of Cadre during the 4th quarter valued at about $31,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Cadre by 51.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,066 shares of the company's stock worth $99,000 after purchasing an additional 1,048 shares in the last quarter. SG Americas Securities LLC acquired a new position in Cadre during the fourth quarter worth $100,000. US Bancorp DE raised its holdings in Cadre by 10.6% during the fourth quarter. US Bancorp DE now owns 4,178 shares of the company's stock valued at $135,000 after buying an additional 400 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Cadre by 1,451.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,251 shares of the company's stock worth $137,000 after buying an additional 3,977 shares during the last quarter. 43.95% of the stock is currently owned by institutional investors and hedge funds.

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 Performance

Shares of CDRE stock traded up $0.09 during trading on Friday, reaching $30.73. The company had a trading volume of 127,036 shares, compared to its average volume of 240,812. Cadre Holdings, Inc. has a one year low of $27.07 and a one year high of $40.28. 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 firm's 50 day simple moving average is $32.09 and its two-hundred day simple moving average is $34.35. The company has a market capitalization of $1.25 billion, a PE ratio of 37.02, a PEG ratio of 1.58 and a beta of 1.33.

Cadre (NYSE:CDRE - Get Free Report) last posted 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 return on equity of 12.88% and a net margin of 6.34%. The firm had revenue of $175.98 million for the quarter, compared to the consensus estimate of $170.95 million. During the same period in the prior year, the company posted $0.25 earnings per share. Cadre's quarterly revenue was up 41.3% on a year-over-year basis. Sell-side analysts forecast that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given 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 yield of 1.24%. This is a positive change from Cadre's previous quarterly dividend of $0.09. Cadre's payout ratio 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.