Vanguard Group Inc. Acquires 24,954 Shares of Cadre Holdings, Inc. (NYSE:CDRE)

Vanguard Group Inc. boosted its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,390,965 shares of the company's stock after buying an additional 24,954 shares during the period. Vanguard Group Inc. owned 3.43% of Cadre worth $44,928,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. WCM Investment Management LLC acquired a new stake in Cadre during the 4th quarter valued at approximately $12,420,000. Raymond James Financial Inc. acquired a new stake in shares of Cadre during the 4th quarter worth approximately $8,179,000. Catawba River Capital increased its holdings in shares of Cadre by 51.5% during the 4th quarter. Catawba River Capital now owns 455,824 shares of the company's stock valued at $14,723,000 after purchasing an additional 154,986 shares in the last quarter. Brown University acquired a new stake in Cadre during the fourth quarter valued at $3,256,000. Finally, Geode Capital Management LLC increased its holdings in Cadre by 15.1% in the third quarter. Geode Capital Management LLC now owns 583,678 shares of the company's stock valued at $22,155,000 after buying an additional 76,750 shares in the last quarter. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

Cadre Price Performance

NYSE CDRE traded down $0.26 during trading hours on Thursday, reaching $30.39. The company's stock had a trading volume of 15,807 shares, compared to its average volume of 239,439. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.01 and a quick ratio of 1.96. Cadre Holdings, Inc. has a 1-year low of $27.07 and a 1-year high of $40.28. The company's 50-day moving average is $32.31 and its two-hundred day moving average is $34.48. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 36.61, a P/E/G ratio of 1.58 and a beta of 1.33.

Cadre (NYSE:CDRE - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The company reported $0.32 earnings per share 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 analyst estimates of $170.95 million. During the same quarter last year, the company earned $0.25 EPS. The firm's revenue for the quarter was up 41.3% on a year-over-year basis. On average, equities analysts predict that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.095 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.25%. This is a positive change from Cadre's previous quarterly dividend of $0.09. Cadre's dividend payout ratio is currently 42.22%.

Insiders Place Their Bets

In other news, CEO Warren B. Kanders sold 50,000 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 10,866,192 shares in the company, valued at approximately $346,414,200.96. This represents a 0.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 37.00% of the stock is owned by insiders.

About Cadre

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.