WCM Investment Management LLC purchased a new stake in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 387,292 shares of the company's stock, valued at approximately $12,420,000. WCM Investment Management LLC owned approximately 0.95% of Cadre as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the stock. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Cadre by 51.9% in the fourth 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 in the last quarter. SG Americas Securities LLC purchased a new position in Cadre during the fourth quarter worth about $100,000. Hennion & Walsh Asset Management Inc. grew its position in Cadre by 29.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 25,003 shares of the company's stock worth $808,000 after buying an additional 5,639 shares in the last quarter. JPMorgan Chase & Co. grew its position in Cadre by 2.5% during the third quarter. JPMorgan Chase & Co. now owns 166,539 shares of the company's stock worth $6,320,000 after buying an additional 4,080 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Cadre by 18.4% during the third quarter. Principal Financial Group Inc. now owns 18,390 shares of the company's stock worth $698,000 after buying an additional 2,856 shares in the last quarter. 43.95% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Cadre
In other news, Director Nicolas Sokolow sold 5,000 shares of the company's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $33.25, for a total value of $166,250.00. Following the completion of the transaction, the director now directly owns 482,620 shares in the company, valued at approximately $16,047,115. This represents a 1.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Warren B. Kanders sold 7,964 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now owns 11,899,247 shares of the company's stock, valued at $381,846,836.23. The trade was a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 226,310 shares of company stock worth $7,704,941. 37.00% of the stock is currently owned by corporate insiders.
Cadre Price Performance
Shares of CDRE traded up $0.00 during midday trading on Thursday, reaching $35.68. The stock had a trading volume of 318,222 shares, compared to its average volume of 248,739. The company's 50-day moving average is $35.30 and its 200 day moving average is $35.56. Cadre Holdings, Inc. has a 12-month low of $29.18 and a 12-month high of $40.28. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 42.99, a price-to-earnings-growth ratio of 1.63 and a beta of 1.27.
Cadre Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a $0.095 dividend. This is a boost from Cadre's previous quarterly dividend of $0.09. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Friday, January 31st. Cadre's dividend payout ratio is presently 45.78%.
Analyst Upgrades and Downgrades
Separately, Roth Mkm reduced their target price on Cadre from $39.00 to $37.00 and set a "buy" rating for the company in a research report on Thursday, November 7th.
Check Out Our Latest Research Report on Cadre
About Cadre
(
Free Report)
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.
Featured Articles
Before you consider Cadre, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cadre wasn't on the list.
While Cadre currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
