Geode Capital Management LLC Increases Stock Holdings in Cadre Holdings, Inc. (NYSE:CDRE)

Geode Capital Management LLC raised its position in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 15.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 583,678 shares of the company's stock after buying an additional 76,750 shares during the period. Geode Capital Management LLC owned about 1.44% of Cadre worth $22,155,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Barclays PLC raised its holdings in Cadre by 335.6% in the 3rd quarter. Barclays PLC now owns 53,397 shares of the company's stock valued at $2,025,000 after acquiring an additional 41,139 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Cadre by 16.8% during the 3rd quarter. Jane Street Group LLC now owns 34,144 shares of the company's stock valued at $1,296,000 after acquiring an additional 4,918 shares during the last quarter. Fred Alger Management LLC grew its holdings in shares of Cadre by 87.5% in the third quarter. Fred Alger Management LLC now owns 738,121 shares of the company's stock valued at $28,012,000 after purchasing an additional 344,483 shares during the period. Martingale Asset Management L P increased its position in Cadre by 18.4% during the third quarter. Martingale Asset Management L P now owns 32,794 shares of the company's stock worth $1,245,000 after purchasing an additional 5,105 shares during the last quarter. Finally, Freedom Investment Management Inc. purchased a new position in Cadre during the third quarter worth about $499,000. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

Cadre Stock Up 1.4 %

Shares of Cadre stock traded up $0.44 during trading hours on Friday, hitting $32.05. The company had a trading volume of 360,465 shares, compared to its average volume of 241,970. 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 company's 50-day moving average is $34.68 and its two-hundred day moving average is $35.33. The company has a market cap of $1.30 billion, a P/E ratio of 38.61, a price-to-earnings-growth ratio of 2.11 and a beta of 1.23. Cadre Holdings, Inc. has a twelve month low of $29.18 and a twelve month high of $40.28.

Cadre (NYSE:CDRE - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.03. The business had revenue of $109.41 million during the quarter, compared to the consensus estimate of $126.27 million. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The business's quarterly revenue was down 12.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.29 EPS. Analysts anticipate that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend was Friday, November 1st. Cadre's dividend payout ratio is currently 42.17%.

Analyst Upgrades and Downgrades

Separately, Roth Mkm cut their price objective on Cadre from $39.00 to $37.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.75.

Insider Activity at Cadre

In related news, Director Nicolas Sokolow sold 5,000 shares of the firm's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $33.25, for a total value of $166,250.00. Following the completion of the sale, the director now owns 482,620 shares in the company, valued at $16,047,115. This trade represents a 1.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Warren B. Kanders sold 50,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $32.68, for a total transaction of $1,634,000.00. Following the completion of the transaction, the chief executive officer now directly owns 11,907,211 shares of the company's stock, valued at approximately $389,127,655.48. This trade represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 226,310 shares of company stock worth $7,704,941 in the last quarter. Company insiders own 37.00% of the company's stock.

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.