Cadre Holdings, Inc. (NYSE:CDRE) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE raised its position in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 31.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 156,911 shares of the company's stock after buying an additional 37,151 shares during the quarter. Bank of America Corp DE owned approximately 0.39% of Cadre worth $5,068,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. purchased a new position in Cadre in the fourth quarter worth $31,000. SG Americas Securities LLC acquired a new stake in shares of Cadre during the fourth quarter valued at $100,000. US Bancorp DE boosted its stake 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 buying an additional 400 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Cadre by 1,451.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,251 shares of the company's stock worth $137,000 after buying an additional 3,977 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in Cadre by 50.0% in 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. Hedge funds and other institutional investors own 43.95% of the company's stock.

Cadre Trading Down 0.2%

NYSE:CDRE traded down $0.06 during mid-day trading on Friday, reaching $32.74. The company's stock had a trading volume of 416,570 shares, compared to its average volume of 251,756. The stock has a market cap of $1.33 billion, a P/E ratio of 39.45, a P/E/G 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. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.01 and a quick ratio of 1.96. The company's fifty day simple moving average is $31.43 and its two-hundred day simple moving average is $33.38.

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

Cadre Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were issued a dividend of $0.095 per share. The ex-dividend date was Friday, May 2nd. This represents a $0.38 annualized dividend and a dividend yield of 1.16%. Cadre's payout ratio is currently 40.00%.

Insiders Place Their Bets

In other news, CEO Warren B. Kanders sold 100,000 shares of Cadre stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $34.86, for a total value of $3,486,000.00. Following the completion of the transaction, the chief executive officer now owns 10,716,192 shares in the company, valued at approximately $373,566,453.12. This trade represents a 0.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 200,000 shares of company stock worth $6,735,500 in the last three months. 37.00% of the stock is owned by 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.