Capital Research Global Investors Buys New Stake in Cadre Holdings, Inc. (NYSE:CDRE)

Capital Research Global Investors purchased a new position in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 462,454 shares of the company's stock, valued at approximately $14,937,000. Capital Research Global Investors owned 1.14% of Cadre at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in Cadre by 9.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 505,711 shares of the company's stock valued at $16,334,000 after buying an additional 44,785 shares during the last quarter. Commerce Bank bought a new position in Cadre during the 4th quarter worth approximately $289,000. Capital International Investors lifted its holdings in Cadre by 118.4% during the 4th quarter. Capital International Investors now owns 1,981,602 shares of the company's stock worth $64,006,000 after buying an additional 1,074,471 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in Cadre by 50.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 4,800 shares of the company's stock worth $155,000 after buying an additional 1,600 shares during the last quarter. Finally, Gabelli Funds LLC lifted its holdings in Cadre by 9.0% during the 4th quarter. Gabelli Funds LLC now owns 13,810 shares of the company's stock worth $446,000 after buying an additional 1,139 shares during the last quarter. Hedge funds and other institutional investors own 43.95% of the company's stock.

Insider Buying and Selling

In related 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 sale, the chief executive officer now owns 10,866,192 shares of the company's stock, valued at approximately $346,414,200.96. This trade 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 Performance

NYSE:CDRE traded up $0.49 during trading hours on Friday, reaching $30.57. 340,597 shares of the stock were exchanged, compared to its average volume of 242,433. 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 firm has a 50 day simple moving average of $31.53 and a 200-day simple moving average of $33.99. Cadre Holdings, Inc. has a 52 week low of $27.07 and a 52 week high of $40.28. The stock has a market capitalization of $1.24 billion, a P/E ratio of 36.83, a P/E/G ratio of 1.58 and a beta of 1.33.

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

Cadre Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Friday, May 2nd. Cadre's dividend payout ratio (DPR) is 42.22%.

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.