Northern Trust Corp Purchases 83,903 Shares of Cadre Holdings, Inc. (NYSE:CDRE)

Northern Trust Corp boosted its holdings in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 38.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 300,105 shares of the company's stock after purchasing an additional 83,903 shares during the period. Northern Trust Corp owned about 0.74% of Cadre worth $9,693,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hsbc Holdings PLC raised its holdings in Cadre by 196.6% in the 4th quarter. Hsbc Holdings PLC now owns 21,529 shares of the company's stock worth $689,000 after purchasing an additional 14,271 shares in the last quarter. Tower Research Capital LLC TRC raised 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 worth $261,000 after buying an additional 5,707 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in Cadre by 6.0% in the fourth quarter. MetLife Investment Management LLC now owns 16,152 shares of the company's stock worth $522,000 after buying an additional 913 shares during the period. Capital Research Global Investors bought a new stake in Cadre during the 4th quarter valued at approximately $14,937,000. Finally, Dimensional Fund Advisors LP boosted its position in Cadre by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 505,711 shares of the company's stock valued at $16,334,000 after acquiring an additional 44,785 shares in the last quarter. Institutional investors own 43.95% of the company's stock.

Insider Buying and Selling

In related news, CEO Warren B. Kanders sold 50,000 shares of the firm'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 transaction 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 $346,414,200.96. This trade represents a 0.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 37.00% of the stock is currently owned by insiders.

Cadre Stock Down 4.2%

Shares of NYSE:CDRE traded down $1.48 during trading on Wednesday, hitting $33.45. The stock had a trading volume of 205,663 shares, compared to its average volume of 249,236. The company has a market capitalization of $1.36 billion, a PE ratio of 40.30, a PEG ratio of 1.58 and a beta of 1.34. The company has a quick ratio of 1.96, a current ratio of 3.01 and a debt-to-equity ratio of 0.65. The firm's fifty day moving average is $31.29 and its 200 day moving average is $33.49. Cadre Holdings, Inc. has a 12 month low of $27.07 and a 12 month high of $40.28.

Cadre (NYSE:CDRE - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.18 earnings per share. Analysts anticipate that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were given a dividend of $0.095 per share. The ex-dividend date was Friday, May 2nd. This represents a $0.38 dividend on an annualized basis and a yield of 1.14%. Cadre's dividend payout ratio (DPR) is currently 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.