Invesco Ltd. Increases Stock Position in Cadre Holdings, Inc. (NYSE:CDRE)

Invesco Ltd. raised its holdings in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 6.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 252,332 shares of the company's stock after acquiring an additional 16,267 shares during the quarter. Invesco Ltd. owned approximately 0.62% of Cadre worth $8,150,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE raised its position in Cadre by 10.6% during the fourth quarter. US Bancorp DE now owns 4,178 shares of the company's stock worth $135,000 after acquiring an additional 400 shares in the last quarter. Truist Financial Corp grew its position in Cadre by 5.8% during the fourth quarter. Truist Financial Corp now owns 11,277 shares of the company's stock worth $364,000 after buying an additional 616 shares in the last quarter. Assetmark Inc. bought a new position in shares of Cadre in the fourth quarter worth $31,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Cadre by 51.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,066 shares of the company's stock valued at $99,000 after buying an additional 1,048 shares during the period. Finally, Old West Investment Management LLC raised its position in Cadre by 0.5% during the fourth quarter. Old West Investment Management LLC now owns 212,930 shares of the company's stock valued at $6,878,000 after purchasing an additional 1,077 shares in the last quarter. 43.95% of the stock is owned by institutional investors.

Cadre Price Performance

Shares of CDRE stock traded up $0.49 on Friday, reaching $30.57. The company had a trading volume of 340,597 shares, compared to its average volume of 242,433. The stock has a market capitalization of $1.24 billion, a PE ratio of 36.83, a price-to-earnings-growth ratio of 1.58 and a beta of 1.33. The company has a quick ratio of 1.96, a current ratio of 3.01 and a debt-to-equity ratio of 0.65. The business's 50-day moving average is $31.53 and its 200 day moving average is $34.03. Cadre Holdings, Inc. has a one year low of $27.07 and a one year high of $40.28.

Cadre (NYSE:CDRE - Get Free Report) last released 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). The firm had revenue of $175.98 million during the quarter, compared to analyst estimates of $170.95 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The business's quarterly revenue was up 41.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 EPS. Equities research analysts forecast that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.24%. The ex-dividend date is Friday, May 2nd. Cadre's dividend payout ratio is 42.22%.

Insider Buying and Selling

In other Cadre news, CEO Warren B. Kanders sold 50,000 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $31.88, for a total value of $1,594,000.00. Following the completion of the sale, the chief executive officer now directly owns 10,866,192 shares of the company's stock, valued at $346,414,200.96. The trade was a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 37.00% of the stock is owned by company insiders.

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.