Nuveen Asset Management LLC Sells 90,794 Shares of Cadre Holdings, Inc. (NYSE:CDRE)

Nuveen Asset Management LLC lowered its holdings in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 62.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,098 shares of the company's stock after selling 90,794 shares during the period. Nuveen Asset Management LLC owned 0.13% of Cadre worth $1,747,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Capital International Investors boosted its stake in shares of Cadre by 118.4% in the fourth quarter. Capital International Investors now owns 1,981,602 shares of the company's stock valued at $64,006,000 after purchasing an additional 1,074,471 shares during the period. Capital Research Global Investors acquired a new position in shares of Cadre in the fourth quarter worth about $14,937,000. WCM Investment Management LLC purchased a new stake in shares of Cadre in the fourth quarter worth approximately $12,420,000. Raymond James Financial Inc. purchased a new stake in shares of Cadre in the fourth quarter worth approximately $8,179,000. Finally, Catawba River Capital lifted its stake in Cadre by 51.5% in the fourth quarter. Catawba River Capital now owns 455,824 shares of the company's stock valued at $14,723,000 after acquiring an additional 154,986 shares during the last quarter. Institutional investors and hedge funds own 43.95% of the company's stock.

Insiders Place Their Bets

In other Cadre news, CEO Warren B. Kanders sold 50,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $33.11, for a total value of $1,655,500.00. Following the sale, the chief executive officer now owns 10,566,192 shares of the company's stock, valued at $349,846,617.12. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders sold 200,000 shares of company stock worth $6,735,500. 37.00% of the stock is currently owned by insiders.

Cadre Stock Performance

CDRE stock traded up $0.56 on Friday, reaching $34.52. 149,329 shares of the company were exchanged, compared to its average volume of 253,263. Cadre Holdings, Inc. has a 12 month low of $27.07 and a 12 month high of $40.28. The stock's fifty day moving average price is $31.83 and its 200 day moving average price is $33.43. The firm has a market capitalization of $1.40 billion, a PE ratio of 41.59, a PEG ratio of 1.58 and a beta of 1.36. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.01 and a quick ratio of 1.96.

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

Cadre Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Friday, May 2nd. Cadre's dividend payout ratio (DPR) is currently 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.