BNP Paribas Financial Markets Invests $516,000 in Cadre Holdings, Inc. (NYSE:CDRE)

BNP Paribas Financial Markets bought a new position in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 15,986 shares of the company's stock, valued at approximately $516,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in Cadre by 21.1% during the 4th quarter. JPMorgan Chase & Co. now owns 201,675 shares of the company's stock valued at $6,514,000 after purchasing an additional 35,136 shares during the last quarter. Barclays PLC increased its holdings in shares of Cadre by 335.6% during the 3rd quarter. Barclays PLC now owns 53,397 shares of the company's stock worth $2,025,000 after purchasing an additional 41,139 shares during the period. Franklin Resources Inc. raised its position in shares of Cadre by 171.3% during the fourth quarter. Franklin Resources Inc. now owns 14,662 shares of the company's stock valued at $474,000 after buying an additional 9,257 shares during the last quarter. Victory Capital Management Inc. acquired a new position in shares of Cadre during the fourth quarter valued at about $697,000. Finally, Northern Trust Corp lifted its stake in shares of Cadre by 38.8% in the fourth quarter. Northern Trust Corp now owns 300,105 shares of the company's stock valued at $9,693,000 after buying an additional 83,903 shares during the period. 43.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cadre

In other Cadre news, CEO Warren B. Kanders sold 100,000 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $34.86, for a total value of $3,486,000.00. Following the transaction, the chief executive officer now directly owns 10,716,192 shares in the company, valued at $373,566,453.12. The trade was a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders have sold 200,000 shares of company stock valued at $6,735,500. 37.00% of the stock is currently owned by corporate insiders.

Cadre Stock Performance

CDRE stock traded up $0.13 during trading on Thursday, reaching $32.76. 207,134 shares of the stock were exchanged, compared to its average volume of 250,801. The stock has a 50 day simple moving average of $31.40 and a 200-day simple moving average of $33.39. 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 $1.33 billion, a P/E ratio of 39.47, a price-to-earnings-growth ratio of 1.58 and a beta of 1.34. Cadre Holdings, Inc. has a twelve month low of $27.07 and a twelve month high of $40.28.

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

Cadre Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Friday, May 2nd. Cadre's dividend payout ratio is 40.00%.

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.