JPMorgan Chase & Co. Grows Holdings in Cadre Holdings, Inc. (NYSE:CDRE)

JPMorgan Chase & Co. lifted its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 21.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 201,675 shares of the company's stock after acquiring an additional 35,136 shares during the period. JPMorgan Chase & Co. owned 0.50% of Cadre worth $6,514,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CDRE. Assetmark Inc. bought a new position in shares of Cadre in the fourth quarter valued at $31,000. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Cadre by 51.9% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,066 shares of the company's stock valued at $99,000 after purchasing an additional 1,048 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Cadre in the fourth quarter worth approximately $100,000. US Bancorp DE boosted its position in shares of 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 during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Cadre by 1,451.5% during 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 in the last quarter. 43.95% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Warren B. Kanders sold 50,000 shares of the 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 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 document filed with the SEC, which is accessible through this hyperlink. Company insiders own 37.00% of the company's stock.

Cadre Stock Up 0.3 %

NYSE:CDRE traded up $0.09 during trading hours on Friday, hitting $30.73. 127,036 shares of the company traded hands, compared to its average volume of 240,812. 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 company has a market cap of $1.25 billion, a PE ratio of 37.02, a PEG ratio of 1.58 and a beta of 1.33. The firm's 50-day simple moving average is $32.09 and its 200-day simple moving average is $34.35. 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 issued its quarterly earnings results 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 company had revenue of $175.98 million for the quarter, compared to analysts' expectations of $170.95 million. During the same quarter in the previous year, the business earned $0.25 EPS. The company's revenue for the quarter was up 41.3% on a year-over-year basis. Equities analysts predict that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.095 per share. This is a boost from Cadre's previous quarterly dividend of $0.09. 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%. Cadre's payout ratio is presently 42.22%.

Cadre 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.