Cadre Holdings, Inc. (NYSE:CDRE) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS reduced its position in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 17.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 40,840 shares of the company's stock after selling 8,860 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.10% of Cadre worth $1,209,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. raised its stake in Cadre by 37.7% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,221 shares of the company's stock worth $125,000 after purchasing an additional 1,155 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Cadre by 1,451.5% during 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. Canada Pension Plan Investment Board raised its position in shares of 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 period. KLP Kapitalforvaltning AS acquired a new stake in Cadre during the fourth quarter worth about $203,000. Finally, Rafferty Asset Management LLC increased its stake in Cadre by 4.7% during the fourth quarter. Rafferty Asset Management LLC now owns 6,653 shares of the company's stock worth $215,000 after acquiring an additional 299 shares during the last quarter. 43.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CDRE has been the topic of a number of research reports. Bank of America downgraded Cadre from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $45.00 to $38.00 in a report on Friday, June 13th. Wall Street Zen raised shares of Cadre from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th.

Cadre Stock Up 1.2%

NYSE CDRE traded up $0.40 during trading hours on Thursday, hitting $32.62. The company had a trading volume of 144,104 shares, compared to its average volume of 255,075. The firm's 50 day moving average is $33.59 and its 200 day moving average is $33.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.55 and a quick ratio of 2.57. Cadre Holdings, Inc. has a fifty-two week low of $27.07 and a fifty-two week high of $40.28. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 33.92, a P/E/G ratio of 1.19 and a beta of 1.31.

Cadre (NYSE:CDRE - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.23 EPS 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 the consensus estimate of $121.53 million. Cadre had a return on equity of 12.52% and a net margin of 6.87%. The company's revenue was down 5.6% on a year-over-year basis. During the same period last year, the business posted $0.18 EPS. Sell-side analysts anticipate that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were paid a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.38 annualized dividend and a dividend yield of 1.17%. Cadre's dividend payout ratio is presently 40.00%.

Insider Transactions at Cadre

In other news, CEO Warren B. Kanders sold 25,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $32.78, for a total transaction of $819,500.00. Following the completion of the transaction, the chief executive officer directly owned 10,216,192 shares in the company, valued at approximately $334,886,773.76. This represents a 0.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 275,000 shares of company stock worth $9,309,000. 37.00% of the stock is owned by insiders.

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.