Millennium Management LLC Boosts Stake in Cadre Holdings, Inc. (NYSE:CDRE)

Millennium Management LLC lifted its position in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 103.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,004 shares of the company's stock after buying an additional 16,261 shares during the quarter. Millennium Management LLC owned approximately 0.08% of Cadre worth $1,034,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Cadre by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,823 shares of the company's stock valued at $479,000 after buying an additional 578 shares during the last quarter. Deutsche Bank AG grew its position in shares of Cadre by 7.8% during the fourth quarter. Deutsche Bank AG now owns 105,237 shares of the company's stock valued at $3,399,000 after purchasing an additional 7,619 shares in the last quarter. Deprince Race & Zollo Inc. increased its holdings in shares of Cadre by 93.2% in the fourth quarter. Deprince Race & Zollo Inc. now owns 61,887 shares of the company's stock worth $1,999,000 after purchasing an additional 29,847 shares during the last quarter. Bank of America Corp DE boosted its stake in Cadre by 31.0% during the fourth quarter. Bank of America Corp DE now owns 156,911 shares of the company's stock valued at $5,068,000 after buying an additional 37,151 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in Cadre during the 4th quarter valued at approximately $516,000. Hedge funds and other institutional investors own 43.95% of the company's stock.

Cadre Price Performance

Shares of NYSE CDRE traded up $0.59 during midday trading on Monday, reaching $35.08. 262,062 shares of the stock traded hands, compared to its average volume of 253,487. The company's 50 day moving average is $31.83 and its 200 day moving average is $33.44. Cadre Holdings, Inc. has a one year low of $27.07 and a one year 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 stock has a market capitalization of $1.43 billion, a PE ratio of 42.27, a P/E/G ratio of 1.58 and a beta of 1.36.

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

Cadre Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Friday, May 2nd. Cadre's payout ratio is 40.00%.

Insider Buying and Selling at Cadre

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 stock was sold at an average price of $31.88, for a total value of $1,594,000.00. Following the completion of the sale, the chief executive officer now owns 10,866,192 shares in the company, valued at approximately $346,414,200.96. The trade was a 0.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 200,000 shares of company stock worth $6,735,500 over the last 90 days. Company insiders own 37.00% of the company's stock.

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.