Franklin Resources Inc. Grows Stake in Cadre Holdings, Inc. (NYSE:CDRE)

Franklin Resources Inc. increased its holdings in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 171.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,662 shares of the company's stock after buying an additional 9,257 shares during the quarter. Franklin Resources Inc.'s holdings in Cadre were worth $474,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE grew its position in shares of Cadre by 10.6% during the fourth quarter. US Bancorp DE now owns 4,178 shares of the company's stock worth $135,000 after acquiring an additional 400 shares during the last quarter. Truist Financial Corp raised its position in Cadre by 5.8% during the fourth quarter. Truist Financial Corp now owns 11,277 shares of the company's stock valued at $364,000 after acquiring an additional 616 shares in the last quarter. Assetmark Inc. acquired a new position in Cadre during the 4th quarter worth $31,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in Cadre by 51.9% during 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. Finally, LPL Financial LLC raised its position in shares of Cadre by 14.9% during the fourth quarter. LPL Financial LLC now owns 11,713 shares of the company's stock valued at $378,000 after buying an additional 1,520 shares during the last quarter. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Cadre

In other Cadre news, CEO Warren B. Kanders sold 50,000 shares of the business's stock in a transaction dated 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 approximately $346,414,200.96. The trade was a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 37.00% of the stock is owned by corporate insiders.

Cadre Price Performance

NYSE:CDRE traded up $0.84 during mid-day trading on Wednesday, hitting $30.21. The company's stock had a trading volume of 8,238 shares, compared to its average volume of 240,385. 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 current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 36.40, a P/E/G ratio of 1.58 and a beta of 1.33. The stock has a fifty day moving average of $31.84 and a 200-day moving average of $34.22.

Cadre (NYSE:CDRE - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.16). The business had revenue of $175.98 million during the quarter, compared to the consensus estimate of $170.95 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. Cadre's revenue was up 41.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.25 earnings per share. As a group, equities analysts forecast that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be paid a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.26%. Cadre's dividend payout ratio is 42.22%.

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.