Millennium Management LLC Grows Stock Position in Cadre Holdings, Inc. (NYSE:CDRE)

Millennium Management LLC lifted its stake in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 103.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,004 shares of the company's stock after purchasing an additional 16,261 shares during the quarter. Millennium Management LLC owned about 0.08% of Cadre worth $1,034,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Cadre by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,823 shares of the company's stock valued at $479,000 after purchasing an additional 578 shares during the last quarter. Deutsche Bank AG grew its position in Cadre by 7.8% in the fourth quarter. Deutsche Bank AG now owns 105,237 shares of the company's stock worth $3,399,000 after acquiring an additional 7,619 shares during the period. Deprince Race & Zollo Inc. grew its position in 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 acquiring an additional 29,847 shares during the period. Bank of America Corp DE grew its position in Cadre by 31.0% in the fourth quarter. Bank of America Corp DE now owns 156,911 shares of the company's stock worth $5,068,000 after acquiring an additional 37,151 shares during the period. Finally, BNP Paribas Financial Markets purchased a new position in Cadre in the fourth quarter worth approximately $516,000. Institutional investors and hedge funds own 43.95% of the company's stock.

Insider Buying and Selling

In other news, CEO Warren B. Kanders sold 100,000 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $34.86, for a total transaction of $3,486,000.00. Following the completion of the transaction, the chief executive officer now directly owns 10,716,192 shares in the company, valued at $373,566,453.12. This trade represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders sold 200,000 shares of company stock worth $6,735,500. Company insiders own 37.00% of the company's stock.

Cadre Trading Up 1.7%

Cadre stock traded up $0.56 during mid-day trading on Friday, hitting $34.52. The company's stock had a trading volume of 149,329 shares, compared to its average volume of 253,263. The firm has a market capitalization of $1.40 billion, a PE ratio of 41.59, a price-to-earnings-growth ratio of 1.58 and a beta of 1.36. Cadre Holdings, Inc. has a 1 year low of $27.07 and a 1 year high of $40.28. 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's fifty day moving average is $31.83 and its two-hundred day moving average is $33.43.

Cadre (NYSE:CDRE - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.10. The company had revenue of $130.11 million during 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 firm's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.18 earnings per share. On average, analysts anticipate that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were given a $0.095 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.38 annualized dividend and a yield of 1.10%. Cadre's payout ratio is 40.00%.

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.