Price T Rowe Associates Inc. MD Cuts Holdings in Cadre Holdings, Inc. (NYSE:CDRE)

Price T Rowe Associates Inc. MD trimmed its position in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 13.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 397,183 shares of the company's stock after selling 63,143 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.98% of Cadre worth $12,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Assetmark Inc. bought a new position in Cadre in the 4th quarter worth $31,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of 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 buying an additional 1,048 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Cadre during the 4th quarter valued at approximately $100,000. US Bancorp DE increased its holdings in Cadre by 10.6% in the 4th 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. Finally, PNC Financial Services Group Inc. lifted 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 valued at $137,000 after purchasing an additional 3,977 shares in the last quarter. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

Cadre Price Performance

Shares of NYSE CDRE traded up $0.11 during midday trading on Monday, reaching $29.85. The stock had a trading volume of 279,234 shares, compared to its average volume of 246,633. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01. Cadre Holdings, Inc. has a 12-month low of $27.07 and a 12-month high of $40.28. The stock has a 50-day moving average of $30.98 and a 200-day moving average of $33.61. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 35.96, a price-to-earnings-growth ratio of 1.58 and a beta of 1.34.

Cadre (NYSE:CDRE - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.16). The company had revenue of $175.98 million for the quarter, compared to the consensus estimate of $170.95 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The firm's revenue for the quarter was up 41.3% on a year-over-year basis. During the same period last year, the company earned $0.25 EPS. As a group, research analysts anticipate that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, May 2nd. Cadre's dividend payout ratio (DPR) is presently 42.22%.

Insider Buying and Selling

In other news, CEO Warren B. Kanders sold 50,000 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was 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. This trade represents a 0.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 37.00% of the stock is currently 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.