Bank of America Corp DE Raises Stock Position in Cadre Holdings, Inc. (NYSE:CDRE)

Bank of America Corp DE increased its holdings in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 31.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 156,911 shares of the company's stock after purchasing an additional 37,151 shares during the period. Bank of America Corp DE owned 0.39% of Cadre worth $5,068,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BNP Paribas Financial Markets bought a new position in shares of Cadre during the fourth quarter valued at approximately $516,000. Northern Trust Corp boosted its stake in 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 acquiring an additional 83,903 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Cadre by 196.6% in the fourth quarter. Hsbc Holdings PLC now owns 21,529 shares of the company's stock valued at $689,000 after acquiring an additional 14,271 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Cadre by 239.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,087 shares of the company's stock valued at $261,000 after acquiring an additional 5,707 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in Cadre by 6.0% in the fourth quarter. MetLife Investment Management LLC now owns 16,152 shares of the company's stock valued at $522,000 after acquiring an additional 913 shares in the last quarter. 43.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cadre

In other Cadre news, CEO Warren B. Kanders sold 50,000 shares of the firm's stock in a transaction 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 approximately $346,414,200.96. This trade represents a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 200,000 shares of company stock worth $6,735,500 over the last three months. Corporate insiders own 37.00% of the company's stock.

Cadre Stock Up 0.4%

CDRE traded up $0.13 during trading on Thursday, hitting $32.76. The stock had a trading volume of 207,134 shares, compared to its average volume of 250,801. The company has a market capitalization of $1.33 billion, a PE ratio of 39.47, a PEG 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 quick ratio of 1.96 and a current ratio of 3.01. The stock has a 50 day simple moving average of $31.37 and a two-hundred day simple moving average of $33.41.

Cadre (NYSE:CDRE - Get Free Report) last announced its earnings results 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 company had revenue of $130.11 million during the quarter, compared to the consensus estimate of $121.53 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. Cadre's revenue was down 5.6% compared to the same quarter last year. During the same period last year, the firm earned $0.18 earnings per share. On average, research analysts predict that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were paid a $0.095 dividend. The ex-dividend date was Friday, May 2nd. This represents a $0.38 annualized dividend and a yield of 1.16%. Cadre's dividend payout ratio (DPR) is 40.00%.

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.