Select Equity Group L.P. Raises Stock Position in Cadre Holdings, Inc. (NYSE:CDRE)

Select Equity Group L.P. grew its holdings in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 41.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,119 shares of the company's stock after acquiring an additional 15,796 shares during the period. Select Equity Group L.P. owned 0.13% of Cadre worth $1,748,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Assetmark Inc. bought a new position in shares of Cadre during the 4th quarter valued at about $31,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in Cadre by 51.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,066 shares of the company's stock worth $99,000 after acquiring an additional 1,048 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Cadre during the 4th quarter worth approximately $100,000. US Bancorp DE boosted its position in shares of Cadre by 10.6% during the 4th quarter. US Bancorp DE now owns 4,178 shares of the company's stock valued at $135,000 after acquiring an additional 400 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Cadre by 1,451.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,251 shares of the company's stock valued at $137,000 after purchasing an additional 3,977 shares in the last quarter. Hedge funds and other institutional investors own 43.95% of the company's stock.

Cadre Price Performance

CDRE stock traded down $0.41 during trading on Friday, hitting $32.72. 72,758 shares of the company's stock traded hands, compared to its average volume of 249,267. The business has a fifty day simple moving average of $31.30 and a 200 day simple moving average of $33.48. Cadre Holdings, Inc. has a 52 week low of $27.07 and a 52 week high of $40.28. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 39.42, a P/E/G ratio of 1.58 and a beta of 1.34.

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, beating the consensus estimate of $0.13 by $0.10. The business 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 company's revenue for the quarter was down 5.6% on a year-over-year basis. During the same period last year, the company earned $0.18 EPS. As a group, research analysts expect that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, May 2nd. Cadre's dividend payout ratio is currently 40.00%.

Insider Activity at Cadre

In other news, CEO Warren B. Kanders sold 50,000 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $31.88, for a total value of $1,594,000.00. Following the completion of the sale, the chief executive officer now owns 10,866,192 shares in the company, valued at approximately $346,414,200.96. The trade was a 0.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 37.00% of the stock is currently owned by company insiders.

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.