Cadre Holdings, Inc. (NYSE:CDRE) Shares Sold by Driehaus Capital Management LLC

Driehaus Capital Management LLC reduced its position in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 36.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 303,085 shares of the company's stock after selling 175,265 shares during the quarter. Driehaus Capital Management LLC owned about 0.75% of Cadre worth $9,790,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CDRE. Assetmark Inc. bought a new position in shares of Cadre in the fourth quarter valued at approximately $31,000. Harel Insurance Investments & Financial Services Ltd. raised 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 worth $99,000 after buying an additional 1,048 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Cadre in the fourth quarter worth $100,000. US Bancorp DE increased its stake in Cadre by 10.6% in the fourth quarter. US Bancorp DE now owns 4,178 shares of the company's stock valued at $135,000 after acquiring an additional 400 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Cadre by 1,451.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,251 shares of the company's stock valued at $137,000 after acquiring an additional 3,977 shares during the last quarter. 43.95% of the stock is owned by institutional investors.

Cadre Trading Up 0.7%

Shares of NYSE:CDRE traded up $0.24 on Thursday, reaching $35.24. 70,039 shares of the company traded hands, compared to its average volume of 247,428. 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 stock has a market capitalization of $1.43 billion, a P/E ratio of 42.43, a price-to-earnings-growth ratio of 1.58 and a beta of 1.34. Cadre Holdings, Inc. has a 52 week low of $27.07 and a 52 week high of $40.28. The business's 50-day simple moving average is $31.23 and its 200 day simple moving average is $33.54.

Cadre (NYSE:CDRE - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.10. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The firm had revenue of $130.11 million during the quarter, compared to analyst estimates of $121.53 million. During the same period last year, the business earned $0.18 earnings per share. The business's revenue was down 5.6% on a year-over-year basis. As a group, equities analysts anticipate that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.08%. Cadre's payout ratio is 40.00%.

Insider Activity

In related news, CEO Warren B. Kanders sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $31.88, for a total value of $1,594,000.00. Following the completion of the transaction, the chief executive officer now owns 10,866,192 shares of the company's stock, valued at $346,414,200.96. The trade was a 0.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 37.00% of the company's stock.

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.