State Street Corp Sells 308,095 Shares of Cadre Holdings, Inc. (NYSE:CDRE)

State Street Corp lessened its position in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 26.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 862,987 shares of the company's stock after selling 308,095 shares during the period. State Street Corp owned approximately 2.13% of Cadre worth $32,750,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Fred Alger Management LLC boosted its stake in shares of Cadre by 87.5% during the 3rd quarter. Fred Alger Management LLC now owns 738,121 shares of the company's stock worth $28,012,000 after acquiring an additional 344,483 shares in the last quarter. Martingale Asset Management L P increased its holdings in Cadre by 18.4% in the third quarter. Martingale Asset Management L P now owns 32,794 shares of the company's stock worth $1,245,000 after buying an additional 5,105 shares during the last quarter. Freedom Investment Management Inc. bought a new position in shares of Cadre during the 3rd quarter valued at $499,000. Loomis Sayles & Co. L P raised its holdings in Cadre by 21.6% during the third quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company's stock valued at $35,701,000 after buying an additional 167,214 shares in the last quarter. Finally, Navellier & Associates Inc. acquired a new stake in Cadre in the 3rd quarter worth approximately $378,000. Institutional investors and hedge funds own 43.95% of the company's stock.

Cadre Stock Performance

Cadre stock traded down $1.80 during trading hours on Friday, hitting $33.95. The stock had a trading volume of 608,099 shares, compared to its average volume of 239,609. The company has a 50-day moving average of $35.28 and a two-hundred day moving average of $35.35. 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 $1.38 billion, a PE ratio of 40.90, a price-to-earnings-growth ratio of 2.11 and a beta of 1.23. Cadre Holdings, Inc. has a fifty-two week low of $29.18 and a fifty-two week high of $40.28.

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

Cadre Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $0.0875 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.35 dividend on an annualized basis and a yield of 1.03%. Cadre's dividend payout ratio (DPR) is presently 42.17%.

Analysts Set New Price Targets

Separately, Roth Mkm cut their target price on shares of Cadre from $39.00 to $37.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $39.75.

Insider Transactions at Cadre

In other news, CEO Warren B. Kanders sold 7,964 shares of Cadre stock in a transaction on Monday, November 18th. The stock was sold at an average price of $32.09, for a total value of $255,564.76. Following the completion of the sale, the chief executive officer now directly owns 11,899,247 shares of the company's stock, valued at approximately $381,846,836.23. This trade represents a 0.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nicolas Sokolow sold 5,000 shares of Cadre stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $33.25, for a total transaction of $166,250.00. Following the sale, the director now owns 482,620 shares of the company's stock, valued at approximately $16,047,115. This represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 226,310 shares of company stock valued at $7,704,941 in the last three months. 37.00% of the stock is owned by corporate insiders.

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.