22,877 Shares in Cadre Holdings, Inc. (NYSE:CDRE) Purchased by Premier Fund Managers Ltd

Premier Fund Managers Ltd purchased a new position in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,877 shares of the company's stock, valued at approximately $665,000. Premier Fund Managers Ltd owned approximately 0.06% of Cadre as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of CDRE. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of 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 buying an additional 1,155 shares during the period. Canada Pension Plan Investment Board boosted its stake in Cadre by 50.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 4,800 shares of the company's stock worth $155,000 after acquiring an additional 1,600 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Cadre during the fourth quarter worth $203,000. Rafferty Asset Management LLC grew its holdings in Cadre by 4.7% in the fourth quarter. Rafferty Asset Management LLC now owns 6,653 shares of the company's stock worth $215,000 after purchasing an additional 299 shares during the period. Finally, ProShare Advisors LLC bought a new stake in Cadre in the fourth quarter valued at $237,000. 43.95% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Warren B. Kanders sold 25,000 shares of Cadre stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $32.78, for a total value 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. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 275,000 shares of company stock worth $9,309,000 in the last quarter. Corporate insiders own 37.00% of the company's stock.

Wall Street Analyst Weigh In

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

Cadre Stock Down 2.1%

NYSE:CDRE traded down $0.70 on Friday, hitting $32.37. The stock had a trading volume of 286,235 shares, compared to its average volume of 214,643. Cadre Holdings, Inc. has a 1 year low of $27.07 and a 1 year high of $40.28. The stock has a market cap of $1.32 billion, a P/E ratio of 34.07, a price-to-earnings-growth ratio of 1.22 and a beta of 1.31. The firm's fifty day simple moving average is $33.15 and its two-hundred day simple moving average is $33.28. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.57 and a current ratio of 3.55.

Cadre (NYSE:CDRE - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.10. Cadre had a net margin of 6.87% and a return on equity of 12.52%. The business had revenue of $130.11 million during the quarter, compared to the consensus estimate of $121.53 million. During the same quarter last year, the company posted $0.18 earnings per share. The firm's quarterly revenue was down 5.6% compared to the same quarter last year. Analysts predict that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a dividend of $0.095 per share. The ex-dividend date is Friday, August 1st. This represents a $0.38 annualized dividend and a dividend yield of 1.2%. Cadre's dividend payout ratio is currently 40.00%.

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.